HomeGeneral and News updatesEx-minister of finance Chu Okongwu dies at 87

Ex-minister of finance Chu Okongwu dies at 87

A former Minister of Finance, Dr Chu Okongwu has died at the age of 87.

According to reports, the late economist died on Wednesday morning.

Dr Okongwu was Minister of Finance under the government of General Ibrahim Babangida.

He was born on 23rd September 1934 in Anambra state. Okongwu, the first of eight children, attended St. Michael’s school, Aba between 1941 and 1946. From there he moved to Government College, Umuahia, and was a student there from 1947 till 1951.

He served for eight years under the Babangida’s government, firstly as the Minister of Finance from 1985 to 1986 and National Planning between 1986 and1990; and subsequently as the Minister of Cabinet Affairs, and later, as the Minister of Petroleum.

Okongwu studied economic theory at Boston University and completed the degree in 1961. He also attended Harvard University from 1961 to 1965.

He was also a journalist and had served at the Daily Times newspaper as a sub-editor.

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