Former Minister of Finance and former Central Bank Governor, Dr. Chu SP Okongwu is dead. He was aged 87.
Okongwu, an economist, and a one-time, Governor of the Central Bank, was the Minister of National Planning (1985-1986) and then Minister of Finance (1986-1990) during the Babangida administration. He was appointed chairman of, African Development Bank in June 198. He was also Minister of Cabinet Affairs and Minister of Petroleum.
He was born on September 23, 1934 in Nnewi, Anambra State, the first of eight children.
He attended St. Michael’s school, Aba between 1941 and 1946. From there he moved to Government College, Umuahia and he was a student there from 1947 till 1951.
He studied Economic theory at Boston University and graduated in 1961. He also attended Harvard University from 1961 to 1965.