Nigeria Will Ensure Okonjo-Iweala Leads WTO – FG

Nigeria Will Ensure Okonjo-Iweala Leads WTO – FG

The Federal Government has restated its commitment to ensuring that Nigeria’s Ngozi Okonjo-Iweala emerges as the next Director-General of the World Trade Organisation (WTO).

The statement says Nigeria will continue to engage relevant stakeholders to ensure she leads the WTO.

The Ministry of Foreign Affairs made this known in a press statement on Thursday.

The statement signed by the spokesperson for the Ministry of Foreign Affairs, Ferdinand Nwonye, was titled, ‘Update on Ngozi Okonjo-Iweala’s aspiration to lead the World Trade Organisation’.

He noted that the third and final round of the selection process for the director-general of the global organisation was concluded on Tuesday and the result was formally announced the day after.

Nwonye added that Okonjo-Iweala, a former Minister of Finance, had gotten the support of the majority of the member countries.

He, however, explained that she was yet to be declared and returned the winner because all the 164 member states of the organisation were expected to adopt the winner by consensus.

The WTO’s bid to select a new leader was thrown into uncertainty following the rejection of the former minister by the United States.

But Okonjo-Iweala and Nigeria are hopeful as they await a meeting scheduled for November 9 for the final decision on the election process.

Read the full statement from the Ministry of Foreign Affairs below:

UPDATE ON DR NGOZI OKONJO-IWEALA’S ASPIRATION TO LEAD THE WORLD TRADE ORGANIZATION (WTO)

The Ministry of Foreign Affairs wishes to inform that the third and final round of the selection process of the Director-General of the World Trade Organization (WTO) was concluded on Tuesday, 27th October 2020 and the result was formally announced on Wednesday, 28th October 2020.

The candidate from Nigeria, Dr. Ngozi Okonjo-Iweala has secured the support of majority of the member countries but is yet to be declared and returned the winner.

This is because apart from winning the election, all the 164 Member States of WTO were expected to adopt the winner by consensus, in accordance with the rule of procedure of the WTO.

It is important to highlight that Dr. Okonjo-Iweala has secured cross-regional backing with only the United States opposing the consensus.

The Ministry wishes to further inform that a meeting of the General Council of the WTO has been scheduled for November 9, 2020, for the final decision on the election process.

Nigeria will continue to engage relevant stakeholders to ensure that the lofty aspiration of her candidate to lead the World Trade Organization is realised.

Signed

Ferdinand Nwonye

Spokesperson,

Ministry of Foreign Affairs, Abuja

Thursday, 29th October 2020.