The Managing Director, World Bank, Dr. Ngozi Okonjo-Iweala, will be forgoing the second highest salary package in the Bretton Woods, institution if she finally serves in President Goodluck Jonathan’s cabinet.
The former Nigerian finance minister currently earns more than $351, 740 yearly, “net of taxes”, Empowered Newswire reports.
Speaking on Tuesday in Washington DC, United States, a Media Relations Officer of the World Bank, Mr. Alexis Obrien, however, said that the Bank might not make any public comment yet on the nomination “of one of its managing directors for a job as a federal minister in Nigeria.”
But Obrien confirmed that the salaries of the top management executives of the bank were contained in one of its annual reports, which was obtained by Empowered Newswire.
Okonjo-Iweala, who was finance minister under former President Olusegun Obasanjo’s administration, and later foreign affairs minister, received a dollar-denominated salary in Nigeria.
The World Bank chief reportedly made the same request when she was first asked to serve in Jonathan’s cabinet before she was urged to jettison the request.
The World Bank’s reports on its top executives’ pay indicated that, apart from the huge salary Okonjo-Iweala was being paid, she was also entitled to $76,996 as the Bank’s contribution to her pension.
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Okonjo-Iweala is second highest paid official– World Bank