Blumberg Grain was recently mentioned in a Foreign Policy article titled Rock Star in a Hard Place which examines the achievements and struggles for Nigeria's Finance Minster, Ngozi Okonjo-Iweala. An excerpt from the article follows:
Less than a week later, Nigeria's high-powered finance minister, Ngozi Okonjo-Iweala, was back in her old digs in Washington, D.C., for the World Bank's annual spring meeting. With the help of a handful of aides whose cell phones never stopped ringing, she was running a makeshift war room out of the Nigeria country director's office, speed-dating investors and reporters in between rendezvous with bigger fish, like International Monetary Fund chief Christine Lagarde and World Bank President Jim Yong Kim. Having spent more than two decades as an economist at the World Bank, and having nearly beaten Kim out for the top job in 2012, she was clearly in her element.
"You just missed an investor who is thinking of investing in Nigeria," she said as we sat down at a round mahogany table overlooking Pennsylvania Avenue. Okonjo-Iweala, 59, was wearing a bright green head-wrap and matching cotton dress, the traditional garb of Nigeria's Igbo ethnic group. "Blumberg Grain," she said, adjusting her wire-rim glasses, "$250 million investment." A communications maestro who has managed to turn the international media — and the financial press, in particular — into a chorus of cheerleaders, Okonjo-Iweala was doing what she does best: selling Nigeria. "The private sector, internal and external, is very excited about this," she said of the new economic data. "It just makes them more determined to come in."
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