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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58 countries back Okonjo-Iweala for second term as 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…
Read MoreOkonjo-Iweala insists shes enjoying WTO job amid talks of resignation
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…
Read MoreEU reports Nigeria to WTO
The European Union, (EU), has reported Nigeria to the World TradeOrganisation,(WTO). The Director-General of the WTO, Dr. Ngozi Okonjo-Iweala, made this disclosure in Abuja yesterday, when she visited the Central Bank of Nigeria (CBN). The complaint was about Nigerias policy on dairy products. Okonjo-Iweala said the WTO has received a letter from the EU complaining about Nigerias restrictions on milk and dairy products. She said the WTO will look into the complaint, but urged Nigerians to take advantage of the Trade Remedy Initiative in place at the WTO to protect local industries.
Read MoreOkonjo-Iweala makes first visit to Nigeria as WTO D-G
The Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, has made her first visit to Nigeria since she assumed office. She was received upon her arrival in the country on Saturday by the Permanent Secretary of the Ministry of Industry, Trade and Investment, Nasir Sani-Gwarzo. Okonjo-Iweala told reporters, in Abuja, that her visit to Nigeria was to show appreciation to President Muhammadu Buhari for the support accorded her. She also hinted that discussion on how Nigeria can leverage her position to benefit from trans-national trade formed part of her visit to…
Read MoreOkonjo-Iweala resumes as WTO DG today
Former finance minister,Ngozi Okonjo-Iweala, takes over the World Trade Organisation (WTO) today, amid hopes that she will spur the beleaguered body into addressing its towering challenges, including the pandemic-fuelled global economic crisis. The WTO is too important to allow it to be slowed down, paralysed and moribund, the first woman and first African to ever lead the global trade body told AFP a day after her nomination last month. Okonjo-Iweala takes the helm after the WTO was left adrift for seven months following the sudden departure of Brazilian career diplomat…
Read MoreWTO: ‘My performancell open doors for Africans, women’, says Okonjo-Iweala
Ahead of her resumption at the Geneva-based World Trade Organisation, (WTO), on March 1, 2021, Nigerias pride, Dr. Ngozi Okonjo-Iweala, has said her performance in office between March this year and August 31, 2025, will open doors for Africans and women to lead international organisations. Speaking during an interview on a TV programme, the Nigerian development economist said she unabashedly love being African and being Nigerian. Known for many firsts including the first female finance minister in Nigeria and now the first female WTO DG, the 66-year-old Harvard graduate said…
Read MoreWTO: Okonjo-Iweala emerges as first female, African DG
…New D-G lists priorities …”She brought more honour to Nigeria” – Buhari Following the convening of the special council general meeting of the World Trade Organisation, (WTO), its members yesterday agreed by consensus to select Dr. Okonjo-Iweala as the organisations seventh Director-General. The official announcement was made by the global trade body via social media, as it tweeted: Breaking: Ngozi Okonjo-Iweala from Nigeria is appointed as the next WTO Director-General. Dr. Okonjo-Iweala makes history as the first woman and the first African to lead the WTO. Her term starts on the…
Read MoreNgozi Okonjo-Iweala set to be first African boss of WTO
After nearly six months without a leader, the World Trade Organisation, (WTO), looks set to appoint Nigerias Ngozi Okonjo-Iweala as its first female and first African leader on Monday. Dr Okonjo-Iweala used to be Nigerias finance minister. She is the first woman and the first African to lead the WTO. Her task will not be easy. Although she is not a trade expert, says she can be a clear set of eyes for the global trade body. It has taken more than six months for the WTO to agree on…
Read MoreJust In! WTO: South Koreans Myung-hee withdraws from race, Okonjo-Iweala remains sole candidate
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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