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Okonjo-Iweala Named WTO Boss

After several months of delay, Nigeria’s Ngozi Okonjo-Iweala, has been named the director-general of World Trade Organisation.

She could have been installed as the boss of WTO late 2020 but the then American president Donald Trump threw its weight behind South Korea Trade Minister Yoo Myung-hee.

Months after the key ambassadors of the trade organisation recommended her for the job was finally appointed the DG of the organisation on Monday.

Last week the Joe Biden administration endorsed the 66-year-old former Nigerian finance minister and World Bank chief, dismantling the only obstacle in her way.

WTO has been leaderless since Brazilian career diplomat Roberto Azevedo stepped down last August, a year ahead of schedule.

The process of picking one of eight candidates to succeed him had been expected to wrap up by November, but the administration of former US president Donald Trump blocked the consensus to appoint Okonjo-Iweala.

Twice Nigeria’s finance minister (2003-2006 and 2011-2015) and its first female foreign minister in a two-month stint in 2006, Okonjo-Iweala is seen as a trailblazer in her west African homeland.

She has brushed off claims she lacks experience as a trade minister or negotiator, insisting that what is needed to lead the WTO is not technical skills but “boldness, courage.”

About Editor

Otunba Sayo Akintola is a 1992 graduate of Linguistics from the University of Ibadan, Oyo State. He holds a post-graduate diploma in Financial Management and MBA from Abubakar Tafawa Balewa University, Bauchi. He started his 12-year sojourn in journalism at the Nigerian Tribune in 1993 as Business and Economy reporter. He rose through the ranks to become the Group Business Editor of the nation’s oldest surviving private national newspaper, the Nigerian Tribune. He set up World Street Journal magazine in 2018.

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