Tag: Okonjo-Iweala

US contradicts Okonjo-Iweala, says Nigerian economy in shambles

Aminu Imam
US contradicts Iweala

The United States of America has contradicted Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, over the state of Nigerian economy, saying that the new minimum wage of N70,000 had been undermined by the continued depreciation of the Naira. Recall that Ngozi Okonjo-Iweala had on August 14 commended President Tinubu’s administration’s reforms by restoring stability to Nigeria’s economy. “You cannot really improve an economy unless it’s stable. The President and his team have worked hard to stabilise the economy. The reforms have been in the right direction. The…

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“Reforms in right direction” — Okonjo-Iweala hails Tinubu 

Aminu Imam
Okonjo Iweala hails

…Unveils fund for women in digital trade The Director-General of the World Trade Organisation, Dr. Ngozi Okonjo-Iweala, yesterday commended President Bola Tinubu for working to stabilise Nigeria’s economy, saying reforms under his administration are moving in the right direction. Speaking to State House correspondents after a courtesy visit to the President yesterday, Okonjo-Iweala said her discussions with the President centered on the launch of a landmark initiative aimed at empowering Nigerian women in the digital export economy. The WTO-DG said: “We came to brief Mr. President about something very joyful…

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Okonjo-Iweala reappointed as WTO Director-General

Aminu Imam
Okonjo Iweala reappointed

Ngozi Okonjo-Iweala has been reappointed as the Director-General (DG) of the World Trade Organisation for another term. The reappointment was announced by the WTO yesterday, stating that Okonjo-Iwealas second-term will commence on September 1, 2025. A notification sent to journalists showed that WTO members agreed to reappoint Okonjo-Iweala after a general council meeting. Her second four-year term, which was approved at a special General Council meeting, will begin on 1 September 2025. DG Okonjo-Iweala took office as Director-General in March 2021 and is the first African and the first woman…

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“No excuse for failure to halt crude oil theft” – Okonjo-Iweala

Aminu Imam
Iweala on oil theft

Director-General of the World Trade Organisation (WTO), Ngozi Okonjo-Iweala, has said there are no more excuses for failure to stop the incident of massive oil theft in the country as there are enough technology to do so. Okonjo-Iweala, also a former Nigerias Finance Minister, who stated this in Lagos at the weekend, during the opening ceremony of the 2024 Annual General Conference of the Nigerian Bar Association (NBA) yesterday, said those responsible for stopping the intolerable action of crude oil theft no longer have excuses. The former Nigerian finance minister…

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58 countries back Okonjo-Iweala for second term as WTO D-G

Aminu Imam
Okonjo Iweala WTO D G

Fifty-eight of the 164 member States of the World Trade Organisation (WTO) members have voiced support for a proposal from the African Group backing incumbent Director-General, Ngozi Okonjo-Iweala, to serve a second term. The 58 member countries of the trade association made this known at a July 22 meeting of the WTO General Council, according to a statement issued yesterday by the world trade body. The African Group requests that the current Director-General make herself available to serve a second term, and has proposed that the process of reappointing the…

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Tinubu meets Okonjo-Iweala, Pate at Presidential Villa

Aminu Imam

President Bola Tinubu met with the Director General of the World Trade Organisation (WTO), Ngozi Okonjo-Iweala, at the Aso Villa in Abuja, yesterday. Although, the purpose of her visit was not made known to state house correspondents. However, it is believed that discussions on the economic and trade agenda of the new administration in Nigeria will be discussed. One of President Tinubus designate ministers, Dr. Ali Pate, joined Dr. Okonjo-Iweala as she entered the Villa a few minutes after 3pm. Okonjo-Iweala served twice as Nigerias Finance Minister between 2003 and…

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Okonjo-Iweala insists shes enjoying WTO job amid talks of resignation

Aminu Imam

The Director-General (D-G) of the World Trade Organisation, (WTO), Okonjo-Iweala, says she is still enjoying her job amid talks of resignation. Recall that on Thursday, Bloomberg reported that the WTO D-G considered resignation due to the organisations historical inertia. Okonjo-Iweala, the seventh WTO D-G took effect on March 1, 2021, becoming the first woman and the first African to serve as head of the institution. Citing 5 WTO officials, Bloomberg reported that they explained that Okonjo-Iweala privately floated the idea that she may resign if there is no headway in…

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Just In! WTO: South Koreans Myung-hee withdraws from race, Okonjo-Iweala remains sole candidate

Aminu Imam

Ngozi Okonjo-Iweala, former Nigerian finance minister, has become the sole candidate in the World Trade Organisations Director-General race, as the South-Korean candidate for the position, Yoo Myung-hee, withdrew her bid to contest. This was disclosed by Myung-hee after she had mentioned it to the United States, according to Bloomberg. This means that Nigerias Ngozi Okonjo-Iweala is now the sole candidate left in the race. Yoo Myung-hee is South Koreas Trade minister and its candidate for the top job at the WTO following the resignation of Roberto Azevedo. Okonjo-Iweala had secured…

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Okonjo-Iweala set to lead World Trade Organisation

Aminu Imam

Nigerias nominee for the position of the Director-General of the WorldTrade Organisation (WTO), Dr. (Mrs.) Ngozi Okonjo-Iweala, is set to emergewinner of the competitive race. According to Reuters, a key group of WTO ambassadors proposed Okonjo-Iwealato lead the trade organisation on Wednesday, The official announcement is expected to be made later today by WTO. Okonjo-Iweala was Nigerias finance minister during the tenures of formerpresidents Olusegun Obasanjo and Goodluck Jonathan. She has experience working at international governance bodies as a formermanaging director of the World Bank and as a chairman at…

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Nigeria will deploy its entire energy to ensure that you become WTO DG, Buhari assures Okonjo-Iweala

Ishaku Yohanna

President Muhammadu Buhari has assured Nigerias former Minister of Finance and Economy, Dr Ngozi Okonjo-Iweala, that the country will explore every opportunity and deploy its entire energy to ensure that she becomes the Director-General of World Trade Organisation (WTO). This assurance was given by President Buhari when the former Managing Director of the World Bank paid him a courtesy visit at the Presidential Villa on Monday. Mrs Okonjo-Iweala made it to the final two for the job along with South Koreas Minister for Trade, Mrs Yoo Myung-hee and the candidacy…

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