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Dr.Okonjo-Iweala set to direct affairs of the WTO


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Nigeria’s former finance minister, a former managing director of the World Bank, Dr Ngozi Okonjo-Iweala has made history to become the new director – general of the World Trade Organisation .

According to Reuters , a key group of WTO ambassadors proposed Okonjo -Iweala to lead the trade organisation on Wednesday , clearing a path for her to become the first woman and African to head the global watchdog in its 25 -year history .

The official announcement is , however , expected to be made by the WTO later today .

Efforts to reach Okonjo Iweala ’s spokesperson , Paul Nwabuikwu , for comments proved abortive as his line rang out . He was also yet to respond to text messages sent to his line as of the time of filing this report .

It was earlier reported that the candidacy of the former World Bank director received a huge boost on Monday when the 27 – member states of the European Union certified her for the job .

The 55 -member African Union had also supported the former Nigerian finance minister over her sole remaining opponent , Yoo Myung -hee , Korea’s current trade Minister, in a fierce battle for the coveted job.

Okonjo -Iweala had also won the goodwill of a group of Caribbean and Pacific States as well as others from Asia .

The final winner between the two women will replace Brazil ’s Roberto Azevedo and former director -general of the WTO .

The initial pool of eight candidates for the WTO ’ s top post, which has been whittled down ,following two rounds of consultations, had included three Africans- Nigeria , Egypt and Kenya .

Details later…

Fatimah

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