NOI: The Peak is Possible

NOI proves that the peak is possible.

The World Trade Organization has formally introduced Dr. Ngozi Okonjo- Iweala as new DG.

Since throwing her hat into the ring last year, the financial doyenne has outpaced seven other candidates.

At Sky Capital, we have been following the race.

We have gathered some facts you should know about the new WTO boss.

1. She was twice Nigeria Minister of Finance and once Minister of Foreign Affairs

As the first woman to hold both positions, Okonjo- Iweala is no stranger to breaking records.

During her tenure as finance minister, she spearheaded negotiations with the Paris Club.

This led to the wiping out of $30 billion of Nigeria’s debt.

2. She earned her PhD. from The Massachusetts Institute of Technology (MIT)

After graduating magna cum laude from Harvard University, the former finance minister pressed on for her doctorate degree.

This was facilitated by an international fellowship from the American Association of University Women (AAUW).

3. She has decades- long experience at The World Bank

During her 25-year career at The World Bank, Okonjo- Iweala lead several initiatives.

This assisted low- income countries during food crises and financial crises.

Also, as Managing Director, she had crucial duties.

This includes oversight responsibility for the World Bank’s $81 billion operational portfolio in Africa, Europe, South Asia and Central Asia.

4. She was listed as one of Transparency International’s 8 Anti- Corruption Fighters

The Director General is reputed for her rare professional demeanour and resilience.

She served twice as Nigeria’s Finance Minister in dire circumstances.

This includes the kidnap of her mother by those who opposed the economic reforms she proposed.

5. She is a member of the board of Twitter

She serves on the board of social media giant, Twitter, alongside Jack Dorsey (CEO, Twitter).

Other members are Robert Zoellick (Former President, World Bank Group) and Egon Durban (Co- CEO, Silver Lake).

It is believed that her presence on the board influenced the CEO’s first ever Africa tour in 2019.

In a world that is still grappling with the repercussions of gender inequality, her appointment is inspiring.

Also, it has given hope to girls and women of all races and backgrounds.

She is proof that the peak is possible.

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