Ngozi Okonjo-Iweala: Biography, Achievements, Marriage And Net Worth

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

She was born on June 13, 1954 in Ogwashi-Ukwu, Delta State, in south south Nigeria. Okonjo has had a distinguished career in both national and international arenas.

Here is a brief biography of Ngozi Okonjo-Iweala:

Her Educational Background

Ngozi Okonjo-Iweala holds a Bachelor’s degree in Economics from Harvard University and a Ph.D. in Regional Economics and Development from the Massachusetts Institute of Technology (MIT).

She has also received degrees from a host of Nigerian universities including Abia State University, Delta State University, Abraka, Oduduwa University, Babcock University and the Universities of Port Harcourt, Calabar, and Ife (Obafemi Awolowo university) respectively.

In 2019, Okonjo Iweala was awarded an honorary degree from Tel Aviv University. February 7, 2022, Okonjo-Iweala received her 20th honorary Doctorate Degrees from the London School of Economics.

Okonjo Iweala’s Career

Ngozi Okonjo-Iweala has had a distinguished career marked by numerous achievements. Here are some of her notable accomplishments:

Okonjo Iweala joined the World Bank in 1982, where she worked for over two decades. She held various positions, including Vice President and Corporate Secretary, as well as Vice President of the World Bank’s Africa region.

Economic Reforms in Nigeria:

During her tenure as Nigeria’s Finance Minister from 2003 to 2006 and later from 2011 to 2015, Okonjo-Iweala implemented significant economic reforms. These reforms aimed at stabilizing the economy, reducing corruption, improving transparency, and managing the country’s debt.

Debt Relief Negotiations:

Okonjo-Iweala played a crucial role in negotiating debt relief for Nigeria. Her efforts contributed to a reduction in Nigeria’s external debt and provided the country with more fiscal space for development programs.

Advocacy for Gender Equality:

Ngozi has been a strong advocate for gender equality and women’s empowerment. She has emphasized the importance of including women in economic and political decision-making processes.

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International Leadership:

On the global scene, Ngozi Okonjo-Iweala’s appointment as the Director-General of the World Trade Organization (WTO) in 2023 is a historic achievement. She became the first woman and the first African to hold this position.


Ngozi Okonjo Iweala is also the author of several books, including “Reforming the Unreformable: Lessons from Nigeria” and “Fighting Corruption is Dangerous: The Story Behind the Headlines.”


Okonjo Iweala has been involved in various activities, both national and international. They include:

Government agencies

  • Japan International Cooperation Agency(JICA), Member of the International Advisory Board (since 2017)

International organizations

  • Asian Infrastructure Investment Bank(AIIB), Member of the International Advisory Panel (since 2016)
  • OECD/UNDP Tax Inspectors Without Borders (TIWB), Member of the Board
  • GAVI, Chair of the Board (2016–2020)
  • African Development Bank (AfDB), Ex-Officio Member of the Board of Governors (2003–2006, 2011–2015)
  • International Monetary Fund(IMF), Member of the International Monetary and Finance Committee (2003–2006, 2011–2015)
  • Joint World Bank-IMF Development Committee, Chair (2004)

Corporate boards

  • Danone, Member of the Mission Committee (since 2020)
  • Twitter, Member of the Board of Directors (since 2018)
  • Standard Chartered, Independent Non-executive Member of the Board of Directors (since 2017)
  • Lazard, Senior Advisor (since 2015)

Non-profit organizations]

  • Africa Europe Foundation (AEF), Member of the High-Level Group of Personalities on Africa-Europe Relations (since 2020)
  • Carnegie Endowment for International Peace, Member of the Board of Trustees (since 2019)
  • Bloomberg New Economy Forum, Member of the Advisory Board (since 2018)
  • Results for Development (R4D), Member of the Board of Directors (since 2014)
  • Women’s World Banking, Member of the Africa Advisory Council (since 2014)
  • The B Team, Member (since 2013)
  • Friends of the Global Fund Africa, Member of the Board (since 2007)
  • Global Financial Integrity (GFI), Member of the Advisory Board (since 2007)
  • African Risk Capacity, Chair of the Board
  • African University of Science and Technology, Chair of the Board
  • Georgetown Institute for Women, Peace and Security, Member of the Advisory Board
  • Global Business Coalition for Education, Member of the Advisory Board
  • International Growth Centre (IGC), Senior Advisor
  • Mandela Institute for Development Studies (MINDS), Member of the Advisory Board
  • Mercy Corps, Member of the Global Leadership Council
  • Rockefeller Foundation, Member of the Board of Trustees (2008–2018)
  • Nelson Mandela Institution, Chair of the Board
  • One Campaign, Member of the Board
  • Oxford Martin School, Member of the Advisory Council
  • Vital Voices, Member of the Global Advisory Council
  • World Economic ForumYoung Global Leaders Foundation, former Member of the Board.
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Awards and Recognitions:

Okonjo-Iweala has received numerous awards and honors for her contributions to economic development, including being named one of the 50 Greatest World Leaders by Fortune Magazine in 2015.

Other notable awards received by Iweala include:

  • 2020 – African of the year, Forbes Africa.
  • 2017 – Vanguard Award, Howard University.
  • 2017 – Women’s Economic Empowerment Award, WEConnect International.
  • 2017 – Madeleine K. Albright Global Development Award, Aspen Institute.
  • 2016 – Power with Purpose Award, Devex Development Communications Network.
  • 2016 – Global Fairness Award, Global Fairness Initiative.
  • 2014 – David Rockefeller Bridging Leadership Award.
  • 2011 – President of the Italian Republic Gold Medal, Pia Manzu Centre.
  • 2011 – Global Leadership Award, Chicago Council on Global Affairs.
  • 2010 – Global Leadership Award, Columbia University School of International and Public Affairs.
  • 2010 – Bishop John T. Walker Distinguished Humanitarian Service Award.
  • 2004 – TIME’s European Heroes Award.
  • 2004 – Finance Minister of the Year, Africa Investor Magazine.
  • 2005 – Finance Minister of the Year for Africa and the Middle East, The Banker.]
  • 2005 – Global Finance Minister of the Year, Euromoney.
  • 2005 – Finance Minister of the Year for Africa and the Middle East, Emerging Markets Magazine.

Ngozi Okonjo-Iweala’s Marital Life

Regarding her marital life, Ngozi Okonjo-Iweala is married to Dr. Ikemba Iweala, a neurosurgeon. They have four children together. Okonjo-Iweala is known for being private about her personal life, and details about her family are not extensively publicized.

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Recently, her son got married to a young and beautiful lady in Germany.

Ngozi Okonjo Iweala Net Worth

Ngozi Okonjo Iweala has held various positions both locally and Internationally. She has an estimated net worth of over 10 million dollars, though not readily available or publicly disclosed.

Ngozi has had a distinguished career in international finance, serving as Nigeria’s Finance Minister and later as the Director-General of the World Trade Organization.

A million thanks for your time, reading about Ngozi Okonjo-Iweala’s biography, her numerous achievements, marriage, other exciting information and net worth. Your comments are welcome.


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