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FORMER WORLD BANK VETERAN NAMED TO LEAD W T O

                     Okonjo-Iweala

Nigerian former minister of finance, Dr. Ngozi Okonjo – Iweala has emerged the first female Director-General of the World Trade Organisation (WTO).

Dr. Okonjo-Iweala was confirmed DG of the World Trade body on Monday in a statement.

The United States government had earlier announced its endorsement of the Nigerian for the top job.

It became clear afterwards that the former world Bank executive would likely clinch the coveted post following the withdrawal of her last challenger to the job, South Korean trade Minister, Yoo Myung-Hee.

The WTO called a special General Council meeting at which Dr. Okonjo-Iweala was endorsed to lead the body.

The organisation keen to conclude the selection process to fill the leadership vacuum created by the exit of the Brazilian Roberto Acevedo who stepped down a year ahead of schedule last August.

The drawn-out process for picking one of the eight contenders to the DG position had been expected to wrap up by November, but was elongated by the administration of former U S president Donald Trump which blocked the consensus to back Okonjo-Iweala.

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