Ngozi Okonjo-Iweala

I saw that headline, I think it was two weeks ago, and I did my research.

So we're not exactly back in the JP Morgan index that Nigeria left when we had Okonjo-Iweala as Minister of Finance.

You know, Nigeria was on this emerging market, global government, global government bond, emergency market we're on that one and that was a big deal we were the only country there apart from south africa what does this mean let me just walk back and tell you what an index mean when you create an index it's like you're creating like a league let me use it make it simple it's not a league let me just make it simple let's say you have to say the english premier league and then you say you are only going to have 26 teams 23 teams on that league so anyone that wants to watch english soccer has to go and watch just those 23 teams play you can't go and watch division one you can just just in epl so any team that enters that english premier league because it's being watched it's just as i've been bought it makes money So if you replace that EPL with a bond index and you say JP Morgan, which is one of the largest banks in the world, has a list of government bonds that investors can buy and you go on that list, even if you don't see Nigeria, you go on that list every time you buy that index.

you are automatically buying Nigerian bonds automatically.

Thank you for listening to The Interview.

If you enjoyed this conversation, you can find many more episodes of The Interview wherever you get your BBC podcasts, including ones with tech billionaire Reid Hoffman, director Chloé Zhao, and Dr. Ngozi Okonjo-Iweala, head of the World Trade Organization.

Until the next time, bye for now.

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The second point is interesting.

I think there's sort of two points in there, right? That there's, on the one hand, the technocrats, which, uh, you know, I guess the kind of World Bank-trained people, Okonjo-Iweala, um, Ezekwesili, you know, the World Bank, I mean, the, sorry, El-Rufais of the world.

Emeka was waiting for me to say El-Rufai 'cause that's his favorite guy.

Um-

NIN is a beautiful invention.

When Ngozi Okonjo-Iweala was tracking ghost workers, there was no NIN.

She brought NIN.

She brought IPPIS.

With this short-term extension, negotiations could begin over what a long-term AGOA should look like.

And the Director General of the World Trade Organization, Ngozi Okonjo-Iweala, has welcomed the extension, hoping it would stimulate greater Africa-USA trade.

She wrote on her ex-handle, "...thanks to Congress, the administration and numerous individuals and organizations that worked hard to make this happen.

Credit also to the African Union and African leaders for patience and persistence on this issue." And finally, President Bola Tinubu has welcomed the African Union's announcement that the African Credit Rating Agency will officially launch on October 7.

Thank you for listening to The Interview.

If you enjoyed this conversation, you can find many more episodes of The Interview wherever you get your BBC podcasts, including ones with tech billionaire Reid Hoffman, director Chloe Zhao, and Dr. Ngozi Okonjo-Iweala, head of the World Trade Organization.

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