US finally backs Nigeria’s Ngozi Okonjo Iweala to lead WTO

US finally backs Nigeria's Ngozi Okonjo Iweala to lead WTO

Nigeria’s Ngozi Okonjo-Iweala is firm on her bid to lead the World Trade Organisation as President Joe Biden’s administration on Friday offered its “strong support” to Nigeria’s Ngozi Okonjo-Iweala to lead the World Trade Organisation, AUTHENTIC NEWS GIANT learnt.

The move marks another sharp split with former President Donald Trump who paralysed the organisation and opposed the former Nigerian finance minister who was backed by many other countries.

US reveals why they Are opposing Ngozi Okonjo Iweala as WTO DG
US reveals why they Are opposing Ngozi Okonjo Iweala as WTO DG

The US Trade Representative in a statement cited her “wealth of knowledge in economics and international diplomacy” and said she had “proven experience managing a large international organization.”

AUTHENTIC learnt earlier Friday that South Korean Trade Minister Yoo Myung-hee, Okonjo-Iweala’s sole opponent in the race for the top job, withdrew her bid to lead the WTO leaving the former Nigerian Finance Minister as the only remaining candidate for the job.

Yoo was said made the decision after discussions with the United States and other major nations, and took various issues into account “comprehensively” including the need to revitalize the multilateral organization, according to a statement from Korea’s trade ministry on Friday.

All along the selection process which started mid last year, the 66-year-old former minister had said she remained positive of becoming the first African and first female director-general in the 25-year history of the WTO despite ‘hiccups’.

Okonjo-Iweala serves on Twitter’s board of directors, as chair of the GAVI vaccine alliance as well as a special envoy for the World Health Organisation’s COVID-19 fight.

Thanks for Reading

Enjoyed this post? Share it with your networks.