WTO DG: EU’s backing and implications for Nigeria’s trade | The Guardian Nigeria News - Nigeria and World News

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WTO DG: EU’s backing and implications for Nigeria’s trade | The Guardian Nigeria News - Nigeria and World News ICYMI

Nigeria’s optimism that its former Minister of Finance and Coordinating Minister of the Economy, Dr. Ngozi Okonjo-Iweala, would clinch the top post of Director General of World Trade Organisation , was buoyed recently by European Union’s endorsement.

While commending the EU for its giant gesture, Adebayo, a former Ekiti State governor, stressed that the former Finance Minister remains the most qualified for the WTO top job. He noted that EU’s endorsement comes as a tacit acknowledgement of Nigeria being on the path of winning the coveted position.

According to Adebayo, “the decision to support the former minister was informed by the overriding consideration of the need to boost Africa’s chance and for the promotion of gender mainstreaming at the world’s top trade post.” Although the South Korean is younger by 13 years, her lack of international experience places her next to Nigeria’s first woman Minister of Finance.

“As announced by WTO, the former Managing Director of the World and South Korea’s Yoo Myung-hee are the final two contestants left in the race. Dr. Okonjo-Iweala is appreciative and energized by the enthusiastic support of Nigerians. And she urges all to keep praying until the final whistle.”Conversely, despite the incorrect report, Nigerians have continued to discuss the possible gains to accrue from Dr. Okonjo-Iweala’s years at the WTO if finally named as DG.

From the Federal Ministry of Industry Trade and Investment , the minister said Nigeria has signed on to the African Continental Free Trade Area and established the National Action Committee for its implementation.

 

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