The Director-General of the World Trade Organisation and former Nigerian finance minister, Ngozi Okonjo-Iweala, have been named as one of the most powerful women in the world on Forbes.

According to Forbes’ 20th annual ranking released on Tuesday, 5th December, 2023, Okonjo-Iweala is positioned at 87th place in the Most Powerful Women in the World list, surpassing Mpumi Madisa, a South African businesswoman at 88th.

Tanzanian President, Samia Hassan also joined the list at the 93rd spot and Nigerian media mogul and philanthropist, Mo Abudu at 98th, making Okonjo-Iweala the ‘most powerful woman’ in Africa.

Ursula von der Leyen, the President of the European Commission for Impactful Policy and Budget was ranked the most powerful woman in the world for 2023.

American singers, Tylor Swift and Beyonce, also made the list with Swift at 5th and Beyonce at 36th position.

Ngozi Okonjo-Iweala an economist and international development professional, has more than 30 years of experience working in Asia, Africa, Europe, Latin America and North America.

Earlier in her career, Okonjo-Iweala had two terms as Nigeria’s Finance Minister, from 2003-2006 and 2011-2015; she also briefly acted as Foreign Minister in 2006.