• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News Diaspora

U.S. backs Okonjo-Iweala for next WTO Director-General

Olumide Adesina by Olumide Adesina
February 6, 2021
in Diaspora, 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
Share on FacebookShare on TwitterShare on Linkedin

The U.S government has backed Nigeria’s former finance minister, Ngozi Okonjo-Iweala as the next director-general of the World Trade Organization, shortly after her rival South Korea’s trade minister pulled out of the race.

In a report credited to Wall Street Journal, the endorsement from the Joe Biden Administration was the last obstacle standing in the way of the highly revered Nigerian economist.

Mrs. Okonjo-Iweala has already been approved by the majority of WTO members, but the Trump Presidency had earlier preferred Ms. Yoo, saying she was a better fit for the job.

RelatedStories

China files WTO complaint against Trump’s new 10% tariff on imports 

China files WTO complaint against Trump’s new 10% tariff on imports 

February 6, 2025
Dr. Okonjo Iweala, WTO,

World trade hits $30.4 trillion, surpassing pre-pandemic levels – WTO DG 

January 28, 2025

READ: Okonjo-Iweala emerges sole candidate in WTO DG race, as Myung-hee withdraws

In a statement, the U.S. Trade Representative’s office said that Mrs. Okonjo-Iweala “brings a wealth of knowledge in economics and international diplomacy from her 25 years with the World Bank and two terms as Nigerian Finance Minister.

“It is particularly important to underscore that two highly qualified women made it to the final round of consideration for the position of WTO Director-General—the first time that any woman has made it to this stage in the history of the institution.”

Such endorsement from the Joe Biden administration on Okonjo-Iweala’s candidature has been seen by many economic pundits as a welcome shift in the United States support for the multilateral trading system following four years of an aggressive attitude against an organization that former President Trump previously called the worst trade deal America ever signed.

READ: This is what Ngozi Okonjo-Iweala is up against

The Top African Union Covid-19 Representative acknowledge the amazing endorsement  via her Twitter handle saying,

“Grateful for the expression of support from the US today for DG. Congratulations to Madam Yoo of Rep. Korea for a hard-fought campaign.Thank You.President Muhammadu Buhari & all Nigerians for your unflinching support. Thank you, friends. Love to my family.Glory to God.”

READ: WTO: US opposing consensus to declare Okonjo-Iweala as DG – Foreign Affairs Ministry

Grateful for the expression of support from the US today for DG @WTO. Congratulations to Madam Yoo of Rep. Korea for a hard fought campaign.Thank You President Muhammadu Buhari @MBuhari &all Nigerians for your unflinching support.Thank you friends. Love to my family.Glory to God.

— Ngozi Okonjo-Iweala (@NOIweala) February 5, 2021

  • Recall, a group of ambassadors also known as “troika” 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 three ambassadors are thought to wield significant powers in determining what is a very “intricate and opaque” process.
  • The announcement of Okonjo-Iweala had earlier gotten the support of a vast majority of member states, including the EU, Japan, and China, as the new boss of the World Trade Organization, would have been a huge boost for Africa.

Follow us for Breaking News and Market Intelligence.
Tags: FeaturedMuhammadu BuhariOkonjo-IwealaWall Street JournalWorld Trade OrganizationWTO
Olumide Adesina

Olumide Adesina

Olumide Adesina is a financial market writer, analyst and investment trader. Message Olumide on Twitter @Olumidecapital

Related Posts

China files WTO complaint against Trump’s new 10% tariff on imports 
Business News

China files WTO complaint against Trump’s new 10% tariff on imports 

February 6, 2025
Dr. Okonjo Iweala, WTO,
Business News

World trade hits $30.4 trillion, surpassing pre-pandemic levels – WTO DG 

January 28, 2025
FCT High Court, Benjamin Joseph, zinox
Legal & Regulations

FG denies forcing eminent Nigerians to testify in reported ‘Mambilla Arbitration Case’ in Paris 

January 19, 2025
2025 budget: Obasanjo, IBB, GEJ, Buhari, other former leaders to receive N2.3 billion in entitlements 
Budget

2025 budget: Obasanjo, IBB, GEJ, Buhari, other former leaders to receive N2.3 billion in entitlements 

January 9, 2025
WTO offers internship programs for postgraduate students from developing countries 
Education

WTO offers internship programs for postgraduate students from developing countries 

December 6, 2024
Nigeria joins WTO’s Agreement on Fisheries Subsidies
Appointments

WTO: Okonjo-Iweala vows to improve lives of people globally through trade promotion

November 29, 2024
Next Post
Oil and gas will no longer serve Nigeria as a major revenue source – Dr. Ngozi Okonjo Iweala

WTO: Okonjo-Iweala reacts as US Government formally backs her as DG

Comments 1

  1. Isaac says:
    February 17, 2021 at 9:23 am

    Interesting and exciting. Sadly, Nigeria did not give consideration to the Deputy Director General (Ambassador (Dr.) Yonov F. AGAH) who is well grounded in WTO. Thinking out of the box, Dr. Okonjo-Iweala would have served better at ECA (Economic Commission for Africa where she would express her talents in Policy Making and Institutional Reforms. Nigerians should open their hearts and minds to the larger picture, where our people could have had two (2) positions in the United Nations rather than one (1) based on sentiments of being Ibo, Hausa, Ijaw or Kanuri. We are missing a lot!

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • IGP sues Abu Arome, 3 Ghanaians over alleged forgery of company shares allocation document
  • Nigeria’s oil rig count rises to 46 in July 2025 – NUPRC
  • Oyo State approves N7.7 billion for two surveillance aircraft to combat insecurity 

Follow us on social media:

Recent News

IGP prosecutes Nigerian businessmen over alleged N13.5 billion forex fraud dispute  

IGP sues Abu Arome, 3 Ghanaians over alleged forgery of company shares allocation document

July 9, 2025
Nigeria’s gas flare commercialisation programme could unlock $2.5 billion investment – NUPRC 

Nigeria’s oil rig count rises to 46 in July 2025 – NUPRC

July 9, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics