Home > Breaking news > Ngozi Okonjo-Iweala Is New WTO Director-General; First African, First Woman In Post

Ngozi Okonjo-Iweala Is New WTO Director-General; First African, First Woman In Post

Nigeria’s Ngozi Okonjo-Iweala is the new Director-General at the World Trade Organization. She is slated to be the first woman, and the first African, to lead the institution.

Today’s announcement that Ngozi Okonjo-Iweala is to be the new director-general of the World Trade Organization is a tremendous boost for Africa and lines her up for one of the toughest jobs in the international system.

A panel at the WTO recommended her today for the position.

She will have to lead the charge for a revival of multilateralism, in the negotiating chambers of the WTO and for a better deal for developing economies, as well as for the practical matter of how reforming trade and patent rules can allow the distribution of life saving vaccines and therapeutics as the coronavirus pandemic rips across the world on its second wave.

As the first woman and African to head the trade body, Okonjo-Iweala has shattered a couple of ceilings at the same time. She also has a chance to put Africa’s plans to build the world’s biggest free trade area on the top table, pointing to the productive and market opportunities on the continent.

At the same time, she has won the race for the job from hell. That much was clear when her predecessor – Brazil’s Robert Azevêdo – quit the post early after years of frustration at the logjams in negotiation on reforming the WTO.

Those negotiations have been made harder still by the eruption of a trade war between the US and China alongside sporadic outbreaks of economic nationalism across the globe.

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.

Leave a Reply

Your email address will not be published.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

*

This site uses Akismet to reduce spam. Learn how your comment data is processed.

x

Check Also

NAFDAC Sensitises MSMEs On Product Registration, Value Addition

The National Agency for Food and Drug Administration and Control (NAFDAC) has begun a nationwide ...

Buhari Will Suffer If He Fails To Show Nigerians One Thing—Father Mbaka

Founder and Spiritual Director of Adoration Ministry Enugu State, Father Ejike Mbaka, has said President ...