Former Nigerian Finance Minister Becomes A Part Of Board-of-directors At Twitter Worldwide
Nigerians are really going places and it has placed Nigeria in a good space in the world. She was formally minister for finance in Nigeria twice in a row and this has won her this position at Twitter Worldwide.
She served two terms as Finance Minister of Nigeria (2003-2006, 2011-2015) under the leadership of president Olusegun Obasanjo and president Umaru Musa Yaradu’a respectively. She was the Managing Director of the World Bank (2007-2011) and chairs the Board of the Global Alliance for Vaccines and Immunization (GAVI) and the African Risk Capacity (ARC).
In July 2018, Ngozi Okonjo-Iweala, was named on the board of Twitter Inc.
Justin Bieber Leaks Secrets About His New Found LOVE
In July 2017, Ngozi Okonjo-Iweala, was named an independent non-executive director at Standard Chartered Plc in the United Kingdom.
Okonjo-Iweala served twice as Nigeria’s Finance Minister and also as Minister of Foreign Affairs. She was the first female to hold both positions. During her first term as Minister of Finance under president Obasanjo’s Administration, she spearheaded negotiations with the Paris Club of Creditors 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.
Cardi B Has Billed Her Ex-Manager $15M For Attempting To Control Her
With the support of the World Bank and the IMF to the Federal Government of Nigeria, 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 for example had eliminated 62,893 ghost workers from the system and saved the Nigerian government about $1.25 billion in the process
