Okonjo-Iweala expected to be named WTO boss today

NEWSMAN, Abuja – Nigeria’s former Minister of Finance, Dr. Ngozi Okonjo-Iweala, is expected to be formally announced as the Director General today.

World Trade Organisation (WTO) has scheduled a special meeting of its General Council for Monday (today), to “consider the appointment of the next WTO Director-General.”

United State government penultimate week gave its formal approval to the emergence of Okonjo-Iweala as the next Director General, thereby removing the final obstacle to her bid to be the first woman and the first African to run the Geneva-based trade body.

Okonjo-Iweala had last October secured the vote of 163 of the 164 members of the trade organization, but could not be declared the head of the WTO because the organisation’s selection rules stipulate that its DG has to emerge by consensus, ThisDay reported.

South Korea’s Yoo Myung-hee, who had recently announced her withdrawal from the race, after discussions with the United States and other major nations was Okonjo-Iweala’s sole opponent after other contestants withdrew from the race last year.

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