US senate has confirmed the nomination of Nigerian-born Adewale ‘Wally’ Adeyemo as the deputy secretary of treasury department — making him the first African-American to hold the position.
Adeyemo’s appointment was confirmed on Thursday on a voice vote, a procedure used when there is little to no opposition.
It would be recalled that 39-year-old Adeyemo served in the administration of former President Barrack Obama as deputy national security adviser (NSA) for international economics. He is reputed to have helped US combat the global economic recession of 2008.
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Janet Yellen, treasury secretary, described Adeyemo as “a master of shuttle economic diplomacy who would help meld US economic and national security interests”.
She stressed;
Wally is everything the Treasury Department needs right now: He has spent his career working at the intersection of America’s national security interests and our economic ones.
In the process, he’s become a master of shuttle economic diplomacy, helping keep America’s economy strong at home and competitive abroad.
Those values – and that managerial experience – will be a tremendous asset to Treasury now as we continue implementing the American Rescue Plan.
Following his confirmation, US mission to Nigeria congratulated Adeyemo, who was born in Ibadan, Oyo State and raised in Southern California.
Congratulations to Adewale Adeyemo on his confirmation as Deputy Treasury Secretary! He is the first African American to hold the position. The University of California and Yale alumnus was born in Ibadan, Oyo State and raised in Southern California. Kudos! pic.twitter.com/5M7ygCK4zO
— U.S. Mission Nigeria (@USinNigeria) March 26, 2021
The Nigerian-American will play a key role in shaping US economic policy on issues ranging from financial regulation to relief for everyday Americans and US sanctions on foreign governments.
He has also held several management positions at the US department of the treasury, including senior adviser and deputy chief of staff.
In 2020, Adeyemo was been hired as the first president of Obama Foundation to help manage its day-to-day operations, and help to implement its overall strategic goals and vision.
He is a graduate of University of California, Berkeley and Yale Law School. While at Yale, he was the co-director, project on law and education for the university.
