Home News Chu Okongwu, former minister of Finance is dead

Chu Okongwu, former minister of Finance is dead


A former minister of Finance, Chu Okongwu is dead. He died at the age of 87. Okongwu died on Wednesday morning.

Okongwu was born on September 23, 1934, in Anambra state.

He had his formative education at St Michael school, Aba between 1941 and 1946, and later moved to Government College, Umuahia between 1947 and 1951.

He was inspired by intellectuals such as public economist and scholar, Sam Aluko; renowned practical economist, Pius Okigbo; and former Justice of the Supreme Court, Paul Nwokedi, to pursue a career in economics.

Okongwu studied economic theory at Boston University in 1961, and later became a Harvard alumnus in 1965.

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He was a broadcaster who anchored the programme, Jaz Club.

Okongwu served as a sub-editor at the Daily Times of Nigeria. He worked with the late Peter Enahoro, Ebun Adeseye, Cornell Aircraft, and a host of other journalists. He described it as a “wonderful experiment”.

He was Minister of National Planning between 1985 and 1986, was later appointed by the Ibrahim Babaginda junta as Minister for Finance between 1986 and 1990.

He was also a consultant researcher who gave accurate information to writers and scholars on Nigeria’s history.

His Nnewi home as well as an operational base of the Department of State Services was set ablaze by gunmen in October 2021.

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