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Friday, 25 April 2014

#TIME100: Bono calls Okonjo-Iweala ‘Guardian of Nigeria’s public funds’

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By Bono


Ngozi Okonjo-Iweala

Ngozi Okonjo-Iweala. Photo: Peter Hapak for TIME



Guardian of Nigeria’s public funds


I first met economist Ngozi Okonjo-Iweala when she was campaigning for Nigerian debt relief. We’d been fighting our way through capitals around the world trying to get Cold War–era debts canceled for the poorest, most heavily indebted countries.


During her first term as Finance Minister of Nigeria, Ngozi arrived at her desk to find a weighty $30 billion owed. With oil prices on the rise, she stopped having to plead with her creditors and bought a massive chunk of her own debt so she could cancel it herself. As if to make a point. She became a legend in that moment.


Humor and joy spill out of her, which can belie the fact that she’s got one of the toughest jobs on the planet — how to ensure that the tens of billions of dollars earned each year in oil receipts go into productive usage, like agriculture, infrastructure, health and education. Ngozi has made corruption her enemy and stability her goal.


She is fiercely intelligent; everyone wants her to work with them. I couldn’t be prouder to work for her.


*Bono is the lead singer of U2 and a co-founder of ONE and (RED)


This article was culled from Time.com


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