Governor Emeka Ihediohan of Imo State, on Monday, swore-in Dr Abraham Nwankwo as the Chief Economic Adviser to the State.
Dr. Nwankwo, before his appointment had served as Director-General of Nigeria’s Debt Management Office, DMO, from 2007. He had joined the agency as an Assistant Director in 2001.
He holds a Ph.D degree in Economics from the University of Nigeria Nsukka, where he also obtained his Bachelors and Masters degrees in the same discipline. He was the first Ph.D graduate in Economics produced by the University of Nigeria Nsukka, 25 years after the institution was established.
After a few years of lecturing at the same University, Dr Nwankwo enjoyed a versatile career in banking and finance where he rose to top management positions.
He veered into public service in 2001 when he joined Nigeria’s DMO.
As DG of DMO, Dr. Nwankwo conducted a Debt Sustainability Analysis of every State to determine whether or not to approve each request for new borrowing. The analysis led to a significant reduction and mitigation of the risk of over-borrowing by the States.
He has also been on the Board of the World Bank, where he served as the Senior Advisor to the Executive Director (Africa II Constituency).
Dr. Nwankwo is the author of over 5 books, which include his 2011 Economics classic — Stable Growth and Foreign Exchange.