Former two time Nigerian Finance Minister, Ngozi Okonjo-Iweala, has been named the new Director-General of the World Trade Organization.
The announcement was made on the official Twitter handle of the WTO on Monday 15, 2021. She would be the First Female, and First African to hold the position.
The tweet reads below:
BREAKING: Ngozi Okonjo-Iweala from Nigeria is appointed as the next WTO Director-General.
Dr. Okonjo-Iweala makes history as the first woman and the first African to lead the WTO.
Her term starts on the 1st of March 2021.
— WTO (@wto) February 15, 2021
The European Union, China, Japan and the United States President, Joe Biden gave their support to Ngozi Okonjo-Iweala. The announcement was almost inevitable after Yoo Myung-hee of the Republic of Korea withdrew her candidacy for the position, leaving the door open for her appointment as the Director-General.
Okonjo-Iweala has been quoted as being inexperienced for the role, but according to her, she is “a reform candidate,” and just what the WTO needs with the ongoing tensions that have been lingering. Her priorities include opening trade talks and breathing life back into the WTO’s Appellate Body to settle disputes.