Nigerian Finance Minister Becomes New Chairman of the Board of World Bank and International Monetary Fund

This is old news but still worthwhile.

MINISTER of Finance, Mr. Olusegun Aganga, in Washington D.C. has emerged as the new Chairman of the Board of World Bank and International Monetary Fund, BWIs, after a keenly contested election.

Olusegun Aganga Nigerian Finance Minister

This was just as the World Bank indicated interest to carry out a comprehensive audit of the power sector in the country with a view to finding lasting solution to the power crisis.

The move was a follow-up to the recent parley between Acting President Goodluck Jonathan and top management of the world financial body during his last visit to the United States, US.

Aganga told journalists at the meeting in Washington DC that the new appointment had further demonstrated the important role Nigeria plays in the global economic front.

He said: “As you are aware, Nigeria was elected as the chairman, board of the BWIs for the 2010 during the 2009 annual meeting held in Istanbul, Turkey. I am delighted to inform you that I have since assumed the responsibility of that office.”

The minister said the appointment was “a unique opportunity to serve” noting that such opportunities come once in every 20 to 30 years.

Describing the new role as a huge challenge, Aganga said he will not disappoint Nigeria and the international community that offered him the role under the current global economic recovery stage.

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