Nigeria president picks World Bank MD for cabinet

ABUJA, July 5  – Nigerian President Goodluck Jonathan has asked the Senate to approve World Bank managing director Ngozi Okonjo-Iweala as a member of his new cabinet, the president of the upper house of parliament said on Tuesday. Okonjo-Iweala, a former finance minister who helped negotiate debt relief in 2005, is expected to return in her old position but with broader powers over economic management, government sources have said.

The World Bank said Okonjo-Iweala remained in her current position at the development lender but is in Nigeria for talks with President Jonathan.

 

Source: Reuters Africa newsletter

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