Mrs Okonjo-Iweala, who is an international development expert, had served two terms as finance minister of Nigeria (2003-2006, 2011-2015) under former presidents Olusegun Obasanjo and Jonathan respectively.
Former president Jonathan, in a post via his Facebook page, expressed delight in her new appointment.
He said, “I congratulate Dr. Ngozi Okonjo-Iweala who served as the coordinating minister for the economy/finance minister in my cabinet, on her appointment as a member of South Africa’s Presidential Economic Advisory Council.”
“As a two-time minister in Nigeria, you left indelible marks as an astute manager of the nation’s economy and resources. I am delighted that you have continued to place your substantial wealth of experience as a development economist at the service of many nations and international organisations to aid global growth and progress.
“I have no doubt in my mind that you will excel in the new assignment,” Mr Jonathan said.