Kemi Adeosun has been Nigeria’s Minister of Finance since 11 November 2015, but obviously many don’t know so much about the UK born Nigerian.
Here are some buzz facts about Nigeria Finance Minister.
Kemi Adeosun was born in 1967 in London, where she spent the first 36 years of her life.
Her father an indigene of Ogun State was a civil servant in the United Kingdom where he worked as a civil engineer.
She is the third of four children.
Kemi holds a Bachelor of Science degree in Economics from the University of East London and a Postgraduate Diploma in Public Sector Financial Management from the University of London (School of Oriental and African Studies).
Kemi Adeosun attended various Executive Management Programmes including courses in Strategic Leadership at the prestigious Wharton Business School and a qualified Chartered Accountant with the Institute of Chartered Accountants of England and Wales (ICAEW).
She is also a member of the Institute of Chartered Accountants of Nigeria (ICAN), with over 22 years’ post qualification experience.
Mrs. Kemi Adeosun is a seasoned financial professional, her expertise spans Audit, Risk, Management Consultancy, Investment Banking, Pensions Administration and Public Sector Financial Management.
She has held senior roles in various institutions including British Telecom Plc from 1989 – 1990, Prism Consulting from 1996 – 2000. and PricewaterhouseCoopers in the UK from 2000- 2002.
On her return to Nigeria, she joined the Chapel Hill Denham group in 2002 as Financial Controller and rose to become Managing Director, until her resignation in 2010, to start her own consultancy – The Quo Vadis Partnership.
Prior to her appointment as Minister, Kemi was Commissioner for Finance in Ogun State from 2011 – 2015. She is the first woman to have held that position.
As Ogun State commissioner for finance, she was a key part of Governor Ibikunle Amosun’s Mission to Rebuild, which turned around the economic fortunes of the State.
Kemi Adeosun is credited with the aggressive growth of Internally Generated Revenue by over 500%, using a range of innovative structures. Among her many professional attainments was pioneering the introduction of the Centralized Treasury System (Treasury Single Account) in Ogun State in 2011, culminating in significant fund recovery and reduced borrowing costs.
She also spearheaded the Residency Rule Campaign, which resulted in over 100,000 additional taxpayers, who worked outside the State remitting their taxes to Ogun State, rather than the State of their employment.
She was also a key part of the Homeowner’s Charter Project, which attracted over 200,000 applicants, increased IGR and supported the State’s Urban Renewal Initiatives.
Kemi is passionate about financial empowerment for women and it is a subject on which she writes and speaks extensively. In 2009, she was invited to speak at the Global Summit for Women in Chile.
Prior to her foray into public service, Kemi authored a popular weekly personal finance column aimed at women, published in This Day Style Magazine.
She is married to Niyi Adeosun – who is into consulting and has other businesses in Nigeria.
Hear Mrs. Kemi Adeosun, Nigeria’s Minister of Finance clarify the misconceptions about the Treasury Single Account (TSA) system introduced by the President Muhammadu Buhari led administration: