President-elect of the United States, Mr. Joe Biden has appointed a 39-year-old Nigerian, Mr. Adewale Adeyemo, as the deputy treasury secretary.
According to The Wall Street Journal, Adeyemo, who was appointed as the president of the Obama Foundation in 2019, will work with Janet Yellen, nominee for the position of treasury secretary.
Adeyemo had served in the administration of former President Barack Obama as deputy National Security Adviser (NSA) for international economics.
He is reputed to have helped the US combat the global economic recession of 2008.
Biden’s economic team is made of mostly people who had served in the Obama administration.
They reportedly played key roles in tackling the financial crisis that hit the US under the Obama presidency.
Adeyemo graduated from the University of California, Berkeley, with a bachelor’s of arts, before moving to Yale Law School, where he bagged his Juris Doctor for further studies in specialised law.
While at Yale, he was the co-director, project on law and education for the university.
Before his appointment as the President of Obama Foundation, Adeyemo was the deputy chief of staff at the department of the treasury, a position he held for three years.
He has served in various positions at treasury, including senior advisor to the chief of staff and deputy executive secretary.
Adeyemo also worked as the chief of staff at the Consumer Financial Protection Bureau from 2010 to 2011.
He was an editor for the Hamilton Project at the Brookings Institution from 2008 to 2009.
If confirmed by the Senate, Yellen, 74, will be the first female treasury head in its history and likely be tasked with breaking the deadlock over aid in Washington, should lawmakers not come to an agreement before Biden’s January inauguration.
“We face great challenges as a country right now. To recover, we must restore the American dream — a society where each person can rise to their potential and dream even bigger for their children,” Yellen tweeted.
“As treasury secretary, I will work every day towards rebuilding that dream for all.”
Other officials announced on Monday included veterans of former president Barack Obama’s administration, several of which the Biden transition team noted would break racial barriers in their positions.
“As we get to work to control the virus, this is the team that will deliver immediate economic relief for the American people during this economic crisis and help us build our economy back better than ever,” Biden said in a statement.
Biden’s other nominations include Neera Tanden, president of liberal think-tank, Centre for American Progress, as head the office of management and budget.
If confirmed, she would be its first South Asian head.
Also tapped was Dean of the Princeton School of Public and International Affairs Ms Cecilia Rouse as chair of the Council of Economic Advisors, the first African-American in that post.