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Ngozi-Okonjo-Iweala

NGOZI OKONJO-IWEALA WILL LEAD WORLD TRADE ORGANIZATION – FG

The federal government of Nigeria stated that Nigeria will continue to communicate with the relevant bodies so Ngozi Okonjo-Iweala will become the next Director-General of the World Trade Organization.

Ferdinand Nwonye who is a spokesperson for the Ministry of foreign Affairs released the statement on Thursday at Abuja.

He also mentioned that the third and final stage of the selection process for the DG of the WTO was finalized and the winner was officially announced the next day.

Nwonye stated that Okonjo-Iweala, a former Minister of Finance, had gotten the support of the majority of the member countries having secured 104 out of 164 member states.

However, he explained that for her to be declared the winner, all 164 member states of the organization are expected to adopt the winner by consensus.

Going forward, the goal of the WTO to select a Director-General was thrown into disarray when the United States opposed the decision to instate Ngozi Okonjo-Iweala as the new DG.

Speaking on the issue, Okonjo-Iweala and Nigeria are both optimistic of the outcome as they anticipate a meeting scheduled for November 9.

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READ THE FULL STATEMENT FROM THE MINISTYR OF FOREIGN AFFAIRS BELOW;

UPDATE ON DR NGOZI OKONJO-IWEALA’S ASPIRATION TO LEAD THE WORLD TRADE ORGANIZATION (WTO)

The Ministry of Foreign Affairs wishes to inform that the third and final round of the selection process of the Director-General of the World Trade Organization (WTO) was concluded on Tuesday, 27th October 2020 and the result was formally announced on Wednesday, 28th October 2020.

The candidate from Nigeria, Dr. Ngozi Okonjo-Iweala has secured the support of majority of the member countries but is yet to be declared and returned the winner.

This is because apart from winning the election, all the 164 Member States of WTO were expected to adopt the winner by consensus, in accordance with the rule of procedure of the WTO.

It is important to highlight that Dr. Okonjo-Iweala has secured cross-regional backing with only the United States opposing the consensus.

The Ministry wishes to further inform that a meeting of the General Council of the WTO has been scheduled for November 9, 2020, for the final decision on the election process.

Nigeria will continue to engage relevant stakeholders to ensure that the lofty aspiration of her candidate to lead the World Trade Organization is realised.

Signed

Ferdinand Nwonye

Spokesperson,

Ministry of Foreign Affairs, Abuja

Thursday, 29th October 2020.

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