ABUJA, March 21: Nigerian Finance Minister Ngozi Okonjo-Iweala is not pursuing the World Bank’s top job, her spokesman said on Wednesday, amid reports that her name was being put forth as a candidate.

“The minister has not put herself forward for the position. She is not seeking it,” Paul Nwabuikwu told AFP, though he could not say whether others have nominated her on behalf of developing nations.

He said it was “premature” to say whether she would at some point decide to pursue the job, though he added that “there seems to be some serious enthusiasm for the idea ... At this point she has not indicated any interest.”

Nominations are due Friday at the World Bank for candidates to succeed president Robert Zoellick, who is stepping down at the end of his term in June.

Colombian ex-finance minister Jose Antonio Ocampo said on Wednesday that he and Okonjo-Iweala are candidates to lead the World Bank.

The United States, the biggest shareholder in the World Bank and its sister institution the International Monetary Fund, has not yet announced its candidate to lead the 187-nation development lender.

Under a tacit agreement since the Bretton Woods institutions were founded nearly 70 years ago, the United States has always put an American at the helm of the World Bank and Europe has picked a European to lead the IMF.

The arrangement has provoked protests in recent year from emerging and developing economies, which are seeking greater representation at the two bodies.

American economist Jeffrey Sachs has declared himself a candidate to head the World Bank and has garnered public support from a handful of smaller emerging-market countries, but so far has not been endorsed by President Barack Obama.

Okonjo-Iweala is a respected former World Bank managing director who joined Nigeria’s government as finance minister in August.—AFP

Opinion

Editorial

Budget presser
Updated 14 Jun, 2026

Budget presser

If the FBR falters, the government will find itself in hot water sooner rather than later.
Muharram precautions
14 Jun, 2026

Muharram precautions

WITH Muharram due to start next week, the authorities have already begun annual exercises to ensure that the ...
Blood bequests
14 Jun, 2026

Blood bequests

WORLD Blood Donor Day offers a moment of “gratitude, advocacy and renewed commitment” for thalassaemia patients...
Sustainable path?
Updated 13 Jun, 2026

Sustainable path?

The FY27 budget is the first clear signal that the government is ready to transition from stabilisation to growth.
Prioritising education
13 Jun, 2026

Prioritising education

THOUGH the improvement in the country’s literacy rate may be slight, as highlighted by the Economic Survey, it ...
Poverty’s rise
13 Jun, 2026

Poverty’s rise

AS attention turns to the government’s plans for the coming fiscal year, one set of figures deserves particular...