Nigeria's Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has expressed deep sorrow over the death of former Finance Minister Dr. Chu S. P. Okongwu, describing him as one of Nigeria's most respected economic statesmen.
Oyedele said the late economist devoted his life to public service and played a significant role in shaping Nigeria's fiscal and economic policies during a critical period in the nation's history.
In a condolence message issued on behalf of the Federal Ministry of Finance, the minister extended heartfelt sympathies to the Okongwu family, friends and associates over the painful loss.
He noted that Dr. Okongwu's contributions to national development would remain an enduring reference point for future generations of policymakers and economic managers.
According to Oyedele, the late former minister distinguished himself through integrity, professionalism and an unwavering commitment to Nigeria's economic progress.
He stated that Dr. Okongwu's decades of service left a lasting imprint on Nigeria's public finance system and broader economic landscape.
Oyedele described the deceased as a mentor whose wealth of knowledge and experience inspired many professionals within Nigeria's financial sector.
He added that the late statesman demonstrated exceptional leadership both in public office and within the academic community throughout his distinguished career.
Dr. Okongwu served as Nigeria's Minister of Finance during the administration of former military President General Ibrahim Babangida, where he played an important role in managing the country's economic affairs.Beyond government service, he earned recognition as an accomplished economist, administrator and respected public intellectual.
His contributions extended to banking, economic policy formulation and institutional development, earning him widespread respect across both the public and private sectors.
Oyedele said the nation had lost an exceptional patriot whose wisdom and commitment to good governance would continue to inspire future generations.
He prayed for the peaceful repose of Dr. Okongwu's soul and asked God to grant his family the strength to bear the irreparable loss.
The minister also encouraged Nigerians to honour the late economist by embracing the values of integrity, excellence and selfless service that defined his life.
Tributes have continued to pour in from government officials, economists and other stakeholders who described Dr. Okongwu as one of the country's foremost economic thinkers.
Many have praised his contributions to Nigeria's financial sector and his dedication to strengthening national institutions throughout his lifetime.Observers say his passing marks the end of an era for one of Nigeria's most respected voices in economic policy and public administration.
His legacy is expected to remain influential as the country continues pursuing fiscal reforms and sustainable economic development under successive administrations.
The condolence message reflects the Federal Government's recognition of Dr. Okongwu's immense contributions and the lasting impact of his service on Nigeria's economic history.