Friday, November 29, 2024

Global Confidence in Okonjo-Iweala’s Vision Earns Her a Second Term as WTO Director-General

Dr. Ngozi Okonjo-Iweala will serve a second term as Director-General of the World Trade Organization (WTO), marking another chapter in her leadership.

The WTO General Council unanimously endorsed her reappointment for a four-year term starting September 1, 2025. This decision signals global confidence in her ability to drive reforms and strengthen the WTO amid economic uncertainties.

The reappointment process, which began on October 8, 2024, closed with no alternative candidates by the November 8 deadline. Ambassador Petter Ølberg of Norway, chair of the General Council, commended the transparent process, conducted under WTO guidelines. During the Council’s special meeting on November 28-29, 2024, Dr. Okonjo-Iweala presented her strategic roadmap for the WTO’s future, followed by an engaging Q&A session with members.

READ MORE: Okpebholo Sets Up 14-Member Panel to Verify Edo’s Assets, Probe Obaseki

Her achievements during her first term drew widespread praise. Ambassador Ølberg noted her success in steering the WTO through challenging times, including delivering landmark agreements at the 12th and 13th Ministerial Conferences. “Her leadership has been instrumental in making the WTO more inclusive, results-driven, and resilient,” he stated, emphasizing her role in shaping a fair global trading system.

Groundbreaking Achievements and Continued Commitment

Global Confidence in Okonjo-Iweala’s Vision Earns Her a Second Term as WTO Director-General
Global Confidence in Okonjo-Iweala’s Vision Earns Her a Second Term as WTO Director-General

Dr. Okonjo-Iweala made history in 2021 as the first woman and African to lead the WTO. Her tenure has focused on reinvigorating the organization’s relevance by addressing pressing global trade issues, such as supply chain disruptions and equitable vaccine distribution. These efforts culminated in significant agreements that boosted the WTO’s credibility.

Her second term priorities include tackling climate change impacts on trade, supporting developing nations, and enhancing digital trade frameworks. “The WTO must evolve to meet the demands of a fast-changing world,” she said, reaffirming her dedication to fostering equitable and sustainable global commerce.

Hot this week

The Physiology of Transformative Leadership and Its Impact on a Failing Nation

Kingsley Enwelim Nwanze In an era marked by rapid change...

Nigerian Study Visa Rejections Surged while UK raked in N68bn from Processing Fees

The United Kingdom has earned over $34 million (₦68...

Egypt Rescues Five More Survivors from Sunken Red Sea Tourist Yacht, Seven Still Missing

Egyptian authorities have rescued five more survivors after a...

Nigeria Eyes Taxpayer Growth, Not New Taxes, Says FIRS Boss

Nigeria’s Federal Inland Revenue Service (FIRS) is prioritising expanding...

Uganda Landslides: Survivors Urged to Relocate Amid Growing Concerns of Safety

Residents of Bulambuli District in eastern Uganda are being...

Uganda Landslides: Survivors Urged to Relocate Amid Growing Concerns of Safety

Residents of Bulambuli District in eastern Uganda are being...

Yahaya Bello Detained in N110.4 Billion Fraud Case, Bail Ruling Set for December 10

The Federal Capital Territory High Court has ordered the...

Lagos Deputy Governor Stresses Media’s Role in Driving Inclusive Governance

Lagos State Deputy Governor, Obafemi Hamzat, has highlighted the...

WHO Africa’s Director-Elect Dies at 55, Leaving Legacy of Courage

Dr. Faustine Ndugulile, the incoming regional director for the...

Nigeria Eyes Taxpayer Growth, Not New Taxes, Says FIRS Boss

Nigeria’s Federal Inland Revenue Service (FIRS) is prioritising expanding...

Tinubu Visits France to Forge New Partnerships Benefiting Nigerians

Nigerian President Bola Tinubu will travel to France on...

Obasanjo Debunks Death Hoax on Social Media, Lauds Adeleke’s Development Drive

Former Nigerian President Olusegun Obasanjo has urged Nigerians to...

Related Articles

Popular Categories