18 May 2011

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Former Finance Minister, Dr. Mansur Muhtar

Former Finance Minister, Dr. Mansur Muhtar, has been appointed an alternate Executive Director of the World Bank.
Finance Minister, Mr. Olusegun Aganga, made this known Tuesday after a briefing session with Muhtar in his office.
A statement signed by the Minister’s Special Assistant on Media, Mr. Okwudili Ojukwu-Enendu, explained that Muhtar’s appointment, which is a full-time position in Washington DC was a result of the creation of an additional seat for Africa on the board of the World Bank Group.

The statement noted that since November 2010, Africa had three seats on the board and the appointment was one of the direct fallouts of the chairmanship of the World Bank /IMF Group by Aganga in 2010. Aganga was the first African to chair the World Bank/IMF Group.
It added that, “the creation of this third seat for Africa will enhance the voice of the continent at this global body and increase its vote.”
Muhtar’s duties on the board will include the setting of strategic directions and approving policies and programmes of the World Bank Group in the member states; approval of internal policies including human resources; oversight matters in relation to the functioning of the Group’s duties, among others.

By Muhtar’s appointment, Africa now has an additional voice at the highest level that will be involved in the formulation and implementation of the World Bank Group’s programmes in the continent.
The Group plays a very significant role in the economies of virtually all African countries. Foreign investors, donor and credit institutions often insist on the World Bank approval of national economic policies before dealing with developing nations within which category virtually all African nations fall.

Commenting on the appointment, Aganga said given Muhtar’s experience at the African Development Bank (AfDB), the World Bank and as a former finance minister, he (Aganga) could not have recommended a better person for the position.
Aganga said Muhtar knows what the issues are in respect of Nigeria and shall see how to get the best out of the relationship between Nigeria and the World Bank/IMF, bearing in mind the programmes of the Federal Government.
Nigeria is in the same World Bank Group constituency with South Africa and Angola.
Muhtar is an economist, trained at the Ahmadu Bello University, Zaria, University of Cambridge and the University of Sussex. His appointment has a two-year tenure and is renewable.

Tags: Featured, News, Nigeria

Congratulations!

Former finance minister appointed World Bank director
By Bassey Udo

May 18, 2011 12:16AM


Former finance minister, Mansur Muhktar, has been appointed alternate executive director of the World Bank. He joins former finance minister, Ngozi Okonjo-Iweala and former minister of education, Obi Ezekwesili at the 67-year-old global financial institution.

Muhktar's appointment, which is a full-time position in Washington, follows the recent creation of an additional seat for Africa region on the board of the World Bank Group. This brings to three the number of seats for Africa on the board of the since November 2010.

Nigeria is in the same World Bank Group constituency with South Africa and Angola.

Announcing the latest appointment, current finance minister, Olusegun Aganga, said this is one of the direct fallouts and benefits of Nigeria occupying the chairmanship of the World Bank/International Monetary Fund (IMF) Group since last year.

Aganga, who was the first African to chair the World Bank/IMF Group, said the creation of the third seat for Africa will enhance the voice and presence of the continent at the Bretton Woods institution as well as increase its vote.

Mahktar's duties on the board will include setting of strategic directions and approving of policies and programmes of the World Bank Group in the member states; approval of internal policies, including human resources; oversight matters in relation to the functioning of the Group's duties, among others.

Mahktar's appointment has now given Africa an additional voice at the highest level of management that would be involved in the formulation and implementation of the World Bank Group's programmes on the continent.

The Group plays a very significant role in the economies of virtually all African countries.

Foreign investors, donor and credit institutions often insist on the World Bank approval of national economic policies before dealing with developing nations, within which category virtually all African nations fall.

According to the minister, the federal government was delighted over Mr Muhktar's appointment, pointing out that given his wealth of experience at the African Development Bank, the World Bank and as a former finance minister, a better person could not have been recommended for the high position.

Aganga said that Mr Muhktar understands perfectly what the issues are in respect of Nigeria and shall see how to get the best out of the relationship between Nigeria and the World Bank/IMF, bearing in mind the programmes of the federal government.

Muhktar, an economist, trained at the Ahmadu Bello University, Zaria, University of Cambridge and the University of Sussex. His appointment has a two-year tenure and is renewable at the end of the term.


http://234next.com/csp/cms/sites/Next/Home/5701846-146/former_finance_minister_appointed_world_bank.csp

I am arguing this with many people, ABU hr probably the best black university in this world. If FG can create annex campuses outside Zaria and with a little more funding, it will be best in the world. See foreigners swarming in to come and learn there

^^^
why create campuses outside zaria ? 
You don't like the fact its in Zaria or what?
without it people like Sanusi and Muhtar would be no where.So i say good job to ABU and more to come from the North atleast!