Why Okonjo Iweala was appointed a member of (PEAC) of South Africa

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Okonjo Iweala has recently been appointed as a member, Presidential Economic Advisory Council (PEAC) of South Africa. There are reasons this had occurred and these are not far from her expertise in the economic role she had played in the past.

“Dr. Okonjo-Iweala’s being appointment by President Cyril Ramaphosa, is a testament to her competence and experience as a renowned economist and international development expert.

Even former president of Nigeria had to congratulate her pointing out the qualities he witnessed at the time she served under his term. Jonathan had this to say about Okonjo Iweala:

Mr Jonathan, in a post via his Facebook page, said he was delighted about her recent appointment.

“As a two-time minister in Nigeria, you left indelible marks as an astute manager of the nation’s economy and resources. I am delighted that you have continued to place your substantial wealth of experience as a development economist at the service of many nations and international organisations to aid global growth and progress.

“I have no doubt in my mind that you will excel in the new assignment,” Mr Jonathan said.

Facts you never knew about Okonjo Iweala

  • Okonjo Iweala had served two terms as finance minister of Nigeria (2003-2006, 2011-2015) under former presidents Olusegun Obasanjo and Jonathan respectively.
  • Okonjo-Iweala is an indigene of the Ogwashi-Uku royal family Delta State
  • Okonjo-Iweala spent a 25-year career at the World Bank as a development economist
  • In 1981, she earned her Ph.D in regional economics and development from the Massachusetts Institute of Technology (MIT)
  • Okonjo-Iweala is Chair of the Board of the African Union‘s, African Risk Capacity, an innovative weather based insurance mechanism for African countries.

South Africa’s president, Cyril Ramaphosa having seen the potentials she possess appointed her as a member of his country’s presidential economic advisory council on the following reason.



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