October 28, 2020
By Pacshal Ijeh InvestAdocate
Lagos (INVESTADVOCATE)-Nigeria’s former Finance Minister, Ngozi Okonji-Iweala is set to emerge the new director-general (DG) of the World Trade Organisation (WTO), according to media reports
The reports quoted sources from the European Union that she got the endorsement for the job ahead of Yoo Myung-hee, from South Korean with a wide margin.
Her emergence is expected to be announced formally by the WTO later today.
According to a Bloomberg report, the Nigeria’s former finance minister received a key endorsement Wednesday from the WTO’s selection committee, moving her a step closer to becoming the first female DG of the organisation quoting people familiar with the matter.
The report says panel of three senior WTO ambassadors told Okonjo-Iweala that she had a wide margin of support and is best poised to command a consensus from the organization’s 164 members, according to the people, who declined to be identified because the discussions are confidential, Bloomberg reported.
“The recommendation helps Okonjo-Iweala clear one of the final hurdles in a complex and lengthy process aimed at naming the next leader of the WTO during the most turbulent period of its 25-year existence” the Bloomberg report added.