A former Nigeria’s Minister for Finance, Chu Okongwu is dead.

A renowned economist, Chu Okongwu, died on Wednesday morning. He was aged 87.

Okongwu was born on September 23, 1934, in Anambra state, Nigeria. He is the first of eight children.

He attended St. Michael’s School, Aba between 1941 and 1946. From there he moved to Government College, Umuahia and was a student there from 1947 till 1951.

He studied economic theory at Boston University and completed the degree in 1961. He also attended Harvard University from 1961 to 1965.

The elder statesman served for eight years under the administration of Ibrahim Badamasi Babangida (IBB), former military head of state, firstly as the minister of finance from 1985 to 1986 and national planning from 1986 to 1990; and subsequently as the minister of cabinet affairs, and later, as the minister of petroleum.

In October last year, Okongwu’s house was set ablaze by gunmen in the state.

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