Thursday, January 30, 2025

58 Member States Support Okonjo- Iwala Second Tenure As WATO Chief

In a resounding show of support, 58 member states of the World Trade Organisation (WTO) have enthusiastically endorsed Ngozi Okonjo-Iweala for a second term as Director-General.

This groundswell of approval follows a proposal from the African Group at the July 22 WTO General Council meeting, which praised Okonjo-Iweala’s exceptional leadership and achievements during her first term.

“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 Director-General should be started as soon as possible,” the statement read.

Okonjo-Iweala, who has made history as the first female and African to hold the position, expressed her heartfelt gratitude for the overwhelming support.

READ MORE: Trump Issues Stern Warning To Hostage-Takers In Gaza: ”Return Our Hostages Or Face Consequences

“Everything that I’ve accomplished, we’ve accomplished together,” she said, emphasizing the collaborative spirit that has defined her tenure.

With her current term set to expire on August 31, 2025, Okonjo-Iweala is eligible for a second term, and the WTO membership is eager for her to continue her remarkable work.

As she considers the request, Okonjo-Iweala acknowledged the call of members, saying, “I take the call of members very seriously, and I am favourably inclined. I will get back to members very soon regarding my intentions.”

Throughout her illustrious career, Okonjo-Iweala has demonstrated unwavering dedication to global economic development, serving as Nigeria’s Finance Minister from 2003 to 2006 and from 2011 to 2015, and briefly as Foreign Minister in 2006.

Her 25-year tenure at the World Bank, where she rose to the position of Managing Director, Operations, has equipped her with the expertise and vision to navigate the complex landscape of global trade.

Hot this week

MDCAN: Japa Syndrome’ Leaves Nigeria with Just 6,000 Medical Consultants

Nigeria’s healthcare system faces a deepening crisis as only...

Nigeria’s 50% Tariff Hike Could Unlock $150m, Expand 4G to Millions – GSMA

A 50% increase in mobile tariffs could inject over...

China-Nigeria Trade Hits $20 Billion in 2024 Amid Expanding Bilateral Ties

China and Nigeria recorded a trade volume of over...

Tinubu’s Reforms Recover 5% of Nigeria’s GDP, Spark $8 Billion in Investments – Finance Minister

President Bola Tinubu’s economic reforms have restored stability to...

Amhara’s Humanitarian Crisis Worsens: Over 740 Civilians Killed in Year of Conflict

Ethiopian forces and local militias in the Amhara region...

Nigeria’s 50% Tariff Hike Could Unlock $150m, Expand 4G to Millions – GSMA

A 50% increase in mobile tariffs could inject over...

Nigeria Secures $1.1bn AfDB Loan to Power 5 Million Homes by 2026

Nigeria has secured a $1.1 billion loan from the...

Mining Reform: Nigeria Targets 50% Private Investment in Solid Minerals Corporation

The Minister of Solid Minerals Development, Dr. Dele Alake,...

Kenya’s Ruto Calls for Diplomacy as DRC Conflict Escalates

Kenyan President William Ruto has said diplomacy is the...

Tinubu Inherited N87.38 Trillion Debt, Not N21 Trillion – DMO Clarifies

The Debt Management Office (DMO) has corrected widespread misinformation...

Related Articles

Popular Categories