Breaking News
Translate

Presidency confirms Okonjo-Iweala’s nomination by Buhari for DG WTO

Kindly Share This Story:
IMF names Okonjo-Iweala External Advisory Group member
Okonjo-Iweala

By Johnbosco Agbakwuru

The Presidency on Friday confirmed the nomination of the former Minister of Finance and Coordinating Minister of the economy, Ngozi Okonjo Iweala, by President Muhammadu Buhari for the position of Director-General of the World Trade Organization, WTO.

The Senior Special Assistant to the President on Digital and New Media, Tolu Ogunlesi, had disclosed this in his Twitter handle on Friday morning.

Ogunlesi said that the current Director-General of the intergovernmental organization, Roberto Azevedo, will be stepping down from his position on August 2020, a year ahead of the end of his tenure.

According to him,  “President Muhammadu Buhari has nominated Okonji-Iweala as Nigeria’s candidate for the position of the Director-General of World Trade Organization. DG Azevedo is stepping down in August 2020, a year earlier, so the election of the new DG, originally scheduled for 2021, may take place much earlier”.

Azevedo, has been the head of the WTO since 2013.

ALSO READ: Okonjo-Iweala: How to get nominated into an international organisation

He is stepping down at this critical period of global economic crisis and the trade war between the United States of America and China.

The WTO head said this is the best way to avoid any chaos at the alliance, which has witnessed attacks from US President, Donald Trump.

This means that the election that was earlier scheduled for 2021 when his tenure was supposed to expire might be coming up much earlier for a new four-year term.

A member of the Presidential media team told Vanguard, “It is true President Buhari has nominated Dr Okonjo-Iweala as Nigeria’s candidate for the position of Director-General of the World Trade Organization, WTO.”

Vanguard News Nigeria.

Kindly Share This Story:
All rights reserved. This material and any other digital content on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from VANGUARD NEWS.

Disclaimer

Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.
Do NOT follow this link or you will be banned from the site!