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Home Business News Politics

WTO accepts nomination of Okonjo-Iweala as DG despite opposition from Egypt

Chike Olisah by Chike Olisah
June 10, 2020
in Politics, Spotlight
Ngozi Okonjo Iweala, World Bank, Davos, World Economic Forum, WTO accepts nomination of Okonjo-Iweala as DG despite opposition from Egypt,WTO:  Happy to be in final rounds of DG Campaign- Okonjo Iweala
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The World Trade Organization (WTO) has acknowledged the nomination of Nigeria’s former Finance Minister and former Managing Director of World Bank, Ngozi Okonjo Iweala, as one of the candidates for the position of the Director-General of the organization.

The WTO has opened nominations for a successful candidate that will succeed the current Director-General, Mr Roberto Azevedo, who will be stepping down on August 31, 2020, one year ahead of time.

This was seen in the tweet post of the World Trade Organization on their official Twitter handle on Tuesday evening June 9, 2020.

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The tweet post from WTO states, “Ngozi Okonjo-Iweala, Chair of the Board of Gavi and Nigeria’s former Finance Minister, has been nominated by Nigeria as a candidate for the post of WTO Director-General.”

Nairametrics had earlier reported the nomination of Okonjo-Iweala by President Muhammadu Buhari and the subsequent protest against it by Egypt on grounds that the period of nominations had elapsed.

READ MORE: The World’s Economy may not survive without a vaccine

Egypt claimed that the African Union executive had set November 30, 2019 as the deadline for submission of nominees for African countries, therefore, Nigeria’s nomination violated that.

However, the WTO has come out to say that the nomination process actually opened on June 8, 2020 and ends on July 8, contrary to the allusion from Egypt.

The statement from WTO says, “The nomination period ends on 8 July. Learn more about the process to select the next Director-General of WTO.”

The WTO says that after the nomination period is closed, the candidates will be invited to meet with members at a special general council meeting, present their views and take questions from the membership.

READ MORE: Ethiopia moves ahead of Nigeria, offers tax relief to firms affected by COVID-19

Other nominees for the post so far, include Mr. Jesús Seade Kuri of Mexico, and Mr. Abdel-Hamid Mamdouh of Egypt.

Dr. Okonjo-Iweala, a world-renowned economist and international development expert, currently sits on the boards of Standard Chartered Bank, Twitter, Global Alliance for Vaccines and Immunization, and the African Risk Capacity.

READ ALSO: Nigeria’s diaspora remittance to hit $34 billion by 2023 – PwC

Ngozi Okonjo-Iweala, Chair of the Board of Gavi and Nigeria’s former Finance Minister, has been nominated by #Nigeria as a candidate for the post of WTO Director-General. https://t.co/mGZoU1A2pS@NOIweala @TradeInvestNG @NigeriaMFA #WTODG pic.twitter.com/GakWkAIqCf

— WTO (@wto) June 9, 2020

The nomination period ends on 8 July. Learn more about the process to select the next Director-General of the WTO here: https://t.co/rCo7gRsEkI #WTODG

— WTO (@wto) June 9, 2020


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Tags: Business NewsMr Roberto AzevedoNgozi Okonjo IwealaWTO
Chike Olisah

Chike Olisah

Chike was a banker with over 11 years experience in retail and commercial banking, risk management, treasury portfolio management and relationship management. He also acquired some experience in financial management and do have some special interest in investment analysis and personal finance. He had stints with financial institutions like the former Intercontinental Bank and Fidelity Bank.

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Comments 1

  1. Anonymous says:
    June 10, 2020 at 8:25 am

    Okonji iweala is making Nigeria proud internationally but I don’t think he’s making us proud nationally

    Reply

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