Bloomberg News

Nigerian President Names World Bank Chief for His Cabinet

July 05, 2011

July 5 (Bloomberg) -- Nigerian President Goodluck Jonathan nominated Ngozi Okonjo-Iweala, a managing director at the World Bank, for a cabinet position, Senate President David Mark announced today during proceedings in Abuja, the capital.

Okonjo-Iweala, who was Nigeria’s finance minister between 2003 and 2007, helped Africa’s top oil producer negotiate a $30 billion debt relief from Western creditors in 2005. She will be screened by the Senate tomorrow, Mark said.

To contact the reporter on this story: Elisha Bala-Gbogbo in Abuja at

To contact the editor responsible for this story: Dulue Mbachu at

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