Yesterday, Dr Ngozi Okonjo-Iweala was finally elected WTO Director General; which makes her the first Woman and the first African to lead the revered organization Congratulations to her!👏

Ngozi Okonjo-Iweala is a Nigerian-American economist and international development expert.

Going through her profile on Wikipedia, she previously spent a 25-year career at the World Bank as a development economist, scaling the ranks to the Number 2 position of Managing Director, Operations (2007–2011).

She also served two terms as Finance Minister of Nigeria (2003–2006, 2011–2015) under President Olusegun Obasanjo and President Goodluck Jonathan respectively.

She was the first woman to serve as the country’s finance minister and the first woman to serve in that office twice. In 2005, Euromoney named her global finance minister of the year.

During her first term as Minister of Finance under President Olusegun Obasanjo’s administration, she spearheaded negotiations with the “Paris Club” that led to the wiping out of US$30 billion of Nigeria’s debt, including the outright cancellation of US$18 billion.

In 2003 she led efforts to improve Nigeria’s macroeconomic management including the implementation of an oil-price based fiscal rule where revenues accruing above a reference benchmark oil price were saved in a special account, “The Excess Crude Account” which helped to reduce macroeconomic volatility.

She also introduced the practice of publishing each state’s monthly financial allocation from the Federal Government of Nigeria in the newspapers. This action went a long way in increasing transparency in governance.

With the support of the World Bank and the IMF to the Federal Government, she helped build an electronic financial management platform—the Government Integrated Financial Management and Information System (GIFMIS), including the Treasury Single Account (TSA) and the Integrated Payroll and Personnel Information System (IPPIS), helping to curtail corruption in the process.

As at 31 December 2014, the IPPIS platform had eliminated 62,893 ghost workers from the system and saved the government about $1.25 billion in the process.

Okonjo-Iweala was also instrumental in helping Nigeria obtain its first ever sovereign credit rating (of BB minus) from Fitch Ratings and Standard & Poor’s in 2006.

No doubt, she did well for the country but despite all that, what changed? Absolutely NOTHING! We are still where we were.

Now that she’s have been appointed DG of WTO, how sure are we for changes and growth of our dying economy as her previous offices/efforts couldn’t change anything?

Is it that the country Nigeria is destined for failure and misfortune?

Nigeria Might Not Benefit Anything From Ngozi Okonjo-Iweala WTO-DG Appointment – DO YOU AGREE?

Drop your comment below 👇