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Home Business News Politics

WTO: Nigeria to persuade the US to join the consensus on Okonjo-Iweala – Trade Ministry

William Ukpe by William Ukpe
October 31, 2020
in Politics
WTO, Okonjo-Iweala joins South Africa's presidential economic advisory council as nation struggles with recession, Dr. Okonjo-Iweala officially declared candidate with the largest and broadest support among members

Ngozi Okonjo-Iweala

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The Federal Ministry of Industry, Trade & Investment has said that Nigeria is currently reaching out to the United States and South Korea to back the WTO preferred candidate, Dr. Ngozi Okonjo-Iweala, for the role of DG of WTO.

This was disclosed in a statement by the Ministry and reported by Reuters on Saturday morning.

READ: Why Okonjo-Iweala should win the WTO DG role – Prof. Moghalu

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Recall that Nairametrics reported this week that the Ministry of Foreign Affairs announced in a statement that Nigeria’s candidate for Director-General of the World Trade Organization (WTO), Dr. Ngozi Okonjo-Iweala, had secured the support of the majority of the member-nations – but was yet to be declared and returned as the winner, as the United States opposed the consensus.

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Nairametrics also reported this week that Dr. Ngozi Okonjo-Iweala was close to being appointed as the new Director-General of the World Trade Organisation (WTO). A group of ambassadors also known as “troika” had proposed Okonjo-Iweala to lead the WTO, giving her a clear path to becoming the first woman to head the WTO since it started 25 years ago.

The U.S President, Donald Trump, blocked the appointment of Ngozi Okonjo-Iweala as the WTO’s next DG on Wednesday, declaring support for South Korea’s Yoo Myung-hee instead.

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READ: Nigeria’s Vehicle, Aircraft & Vessel import jump 891% in Q3 2018

The Ministry said that the FG would try to persuade the United States to join the consensus, as most of the WTO’s members had agreed to appoint Okonjo-Iweala as DG.

“Nigeria is currently reaching out to all members of the WTO including the United States and South Korea to overcome the impasse as well as persuade the United States to join the consensus,” the trade ministry said.

READ: WTO DG: Okonjo-Iweala gets the backing of 79 countries so far

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Tags: Ngozi Okonjo IwealaWorld Trade OrganisationWTO

Comments 2

  1. Aloha says:
    October 31, 2020 at 6:34 pm

    hmmmmm The Nigeria factor is and will always be a problem for her or any other person viaing for any International post around the world, Obasanjo was also shortlisted for the UN post that Late Koffi Anan later on won, why?. Nigerian are not civilized enough, a country ruled by Nobody. The US knows why its blocking… Buhari has no profile to challenge or bargain, he is not known anywhere apart from West- Africa…. a Nobody… SORRY Nogozi i hope you get it… but Things are not looking Rosy for now

    Reply
  2. Ud nmaju says:
    October 31, 2020 at 6:49 pm

    It will be great to hear that United States Donald Trump has finally soft-pedal to support our own Dr Ngozi.

    Reply

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