Ngozi Okonjo-Iweala (born June 13, 1954) is the current Foreign Minister of Nigeria. She was the first female Finance Minister of Nigeria, serving as finance minister from July 2003 until her appointment as foreign minister in June 2006. She is also a former vice-president of the World Bank. She left the world bank in 2003 after she was appointed Finance Minister by President Olusegun Obasanjo on 15 July. Both during her years at the world bank and in her service to Nigeria, she has worked especially hard on debt management issues, and was an advocate of Nigeria's further democratization. Some controversy surrounded Mrs. Okonjo-Iweala’s appointment as Finance Minister, as well as that of Foreign Affairs minister, Olu Adeniji, as some other ministers were resentful of their United Nations (UN) paid salary of over $240,000 (US), compared with the $6,000 base salary. In this, she is a benefit of a UN program to repatriate the best minds of the developing world, many of whom leave the country to get the best education. Mrs. Okonjo-Iweala, for example, was educated at Harvard (A.B. Magnum *** Laud- 1981) and has her Ph.D. in regional economics and development from M.I.T.
Mrs. Okonjo-Iweala is married and has four children--one of which is Uzodinma Iweala, author of the critically acclaimed novel Beasts of No Nation.
In 2003, she was awarded the Euromarket Forum Award for Vision and Courage.
She now earns the base salary of all Nigerian Ministers of $6,000/annually.
2006-07-18 23:20:09
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answer #1
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answered by Deb 4
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