Sunday, February 2, 2025

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

Reelection of Adeyemo Adedeji Owoeye (OVO) as Chairman of UNILAG Alumni Association, Lagos State Branch

I am quite elated that Adeyemo Adedeji Owoeye (OVO)...

Nigeria Allocates N940bn for University Upgrades, Student Loans in 2025 Budget

The Federal Government has allocated N940.5 billion to the...

LASG Engaged Media To Strengthen Trust In Public Governance And Amplify Health Infrastructure

In its efforts to strengthen trust in public governance...

PwC Report: Nigeria’s Economic Outlook for 2025 Shows Challenges in Attracting Foreign Funds

Nigeria's ability to attract substantial foreign funds in 2025...

Deadly Clashes in DR Congo’s Goma Leave Over 100 Dead, Thousands Displaced

At least 100 people have been killed and nearly...

US Strikes Islamic State in Somalia, Killing Many Militants

The United States has launched airstrikes against Islamic State...

Nigeria Allocates N940bn for University Upgrades, Student Loans in 2025 Budget

The Federal Government has allocated N940.5 billion to the...

More Job Opportunities for Nigerian Accountants as ICAN, CPA Canada Sign Agreement

Nigerian accountants now have an easier route to securing...

WAG Collaborates Others To Donate Food Stuff To Widows

In order to put smiles on the faces of...

Leadership with Precision: Donald Trump at Work

In the realm of modern politics, few figures have...

Naira Gains 0.7% Against Dollar, Ending Week on a Stronger Note

The Naira appreciated against the US Dollar on Friday,...

Congo Crisis: Food and Water Shortages Threaten Thousands as Violence Escalates

Thousands of displaced people in eastern Congo are running...

Related Articles

Popular Categories