Ngozi Okonjo-Iweala on Forbe's Most Powerful Women of the Year

Nigeria has become the third largest and fastest growing economy in Africa with nearly $50 billion in foreign reserves, thanks to Okonjo-Iweala position as the minister of finance. Ngozi ranked 83rd dropping two places from 2012.

Forbes magazine released the annual list of 100 most powerful women in the world today. The most powerful woman in the world, for the seventh time and third consecutive year is the German Chancellor, Angela Merkel. Angela Merkel is followed by Dilma Rousseff, the Brazilian president. Third on the list is American businesswoman Melinda Gates. 

"This is the backbone of the European Union and with the fate of the euro on its shoulders "Forbes wrote about the German Chancellor.

 Michelle Obama, is fourth followed by Hillary Clinton. The power of  these women was determined by Forbes based on their money, their media power and influence. They represent 26 countries. 

Click the link to see the Full list of Forbe's 100 Most Powerful women in the world

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