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    NNPC acquires equipment to build 40 CNG filling stations

    President Tinubu Cancels $1.42 Billion, ₦5.57 Trillion NNPCL Debt

    Terrorists attack presidential guards in Abuja after threat to abduct Buhari

    FG Confirms U.S.-Backed Airstrikes on Terrorists Targets in Sokoto State

    EFCC traces 41 properties worth N212bn to Former Attorney General, Abubakar Malami

    EFCC traces 41 properties worth N212bn to Former Attorney General, Abubakar Malami

    NMDPRA CEO Farouk Ahmed resigns amid corruption allegations

    NMDPRA CEO Farouk Ahmed resigns amid corruption allegations

    Nnamdi Kanu Lists Wike, Hope, Sanwo Olu and others as Witnesses in Terrorism Trial

    Nnamdi Kanu prison transfer request stalls as court insists on hearing from FG, NCoS

    FPEDL Schedules Brief Power Outage in Anambra for Transformer Upgrade on December 7

    FPEDL Schedules Brief Power Outage in Anambra for Transformer Upgrade on December 7

    Nnamdi Kanu moved from DSS custody to Sokoto prison – Aloy Ejimakor

    Federal High Court fixes December 8 to hear Nnamdi Kanu’s transfer request from Sokoto prison

    Senate Confirms Retired Chief of Defence Staff as Defence Minister

    Senate Confirms Retired Chief of Defence Staff as Defence Minister

    Abubakar Badaru resigns as minister of defence

    Abubakar Badaru resigns as minister of defence

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    NNPC acquires equipment to build 40 CNG filling stations

    President Tinubu Cancels $1.42 Billion, ₦5.57 Trillion NNPCL Debt

    Dangote Refinery will supply first product to market by July – Dangote

    Why Made in Nigeria Cement Is Cheaper Abroad – Dangote

    Dangote refinery set to import Crude oil from Brazil

    Dangote Refinery Cuts Petrol Price to ₦699 per Litre

    All diaspora remittances must be received by beneficiaries in foreign currency only – CBN

    CBN Rolls Out New Cash Rules, Sets Fresh Withdrawal Limits for 2026

    Nigeria Wins €185.7m Arbitration on Ajaokuta Steel Contract

    Nigeria Wins €185.7m Arbitration on Ajaokuta Steel Contract

    Headline Inflation in Nigeria rose to 22.04% in March

    Nigeria’s inflation eases to 16.05% in October 2025

    President Buhari hikes Petrol Price to N212 per litre through the PPPRA

    Federal Government suspends 15% import tax on imported petrol

    Nigeria Imposes 10% Tax on Short-Term Investment Interest

    Nigeria Imposes 10% Tax on Short-Term Investment Interest

    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

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    Airtel Africa  Announces Total Voting Rights

    Airtel Africa Continues $100m Buy-back With New Share Repurchase

    Acceptance for Champion Breweries Plc Take-Over Offer closes soon

    Champion Breweries ₦42bn Public Offer Opens for Subscription

    Airtel Africa  Announces Total Voting Rights

    Airtel Africa Updates Share Capital and Voting Rights

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    Sunny Anene raises his stake in United Capital Plc

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    Greif Nigeria Plc nears final stage of its voluntary liquidation process

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    Fidson Healthcare Announces N21 Billion Rights Issue to Boost Capital Base

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    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

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Just in: WTO DG battle – Okonjo-Iweala retained, 3 candidates evicted

Friday, 18 September 2020, 4:35 pm
in News, World
0
Ngozi Okonjo-Iweala to be Nigeria’s Candidate for WTO DG – President Buhari
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The World Trade Organization (WTO) took another step towards selecting its next Director-General on Friday, as General Council Chair David Walker of New Zealand and his two co-facilitators in the selection process disclosed which of the eight candidates that will advance to the next stage of the process.

Ngozi Okonjo-Iweala, Nigeria’s former Minister of Finance, has been included among the five candidates that will proceed to the next stage of the selection process.

According to the press release by the WTO other candidates are; Yoo Myung-hee of the Republic of Korea, Amina C. Mohamed of Kenya, Mohammad Maziad Al-Tuwaijri of the Kingdom of Saudi Arabia and Liam Fox of the United Kingdom.

The Geneva-based WTO said Abdel-Hamid Mamdouh of Egypt, Jesus Seade Kuri of Mexico and Tudor Ulianovschi of Moldova did not secure enough support in the first of three rounds of voting.

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Okonjo-Iweala had in July said that she would be Proactive, Supportive & Solutions-Oriented if she is selected as the WTO DG.

The second phase of consultations will begin on 24 September and run until 6 October. During this time, members will be asked in the confidential consultations to express two preferences to the facilitators with an eye to bringing the number of candidates from five to two

The General Council agreed on 31 July that there would be three stages of consultations held over a two-month period commencing 7 September.

During these two months the number of candidates would be reduced from eight to five and then two before a consensus is reached on which of the candidates becomes the WTO’s 7th Director-General.

In trimming the roster of candidates from eight to five, WTO members have concluded the first of these consultative stages.

The consultation process taken by facilitators has been set by guidelines established by the General Council in a 2002 decision.

According to these guidelines, the key consideration in determining which candidate is best poised to achieve consensus is the “breadth of support” each candidate receives from the members.

The process for selecting a new Director-General was triggered on 14 May when former Director-General Roberto Azevêdo informed WTO members he would be stepping down from his post one year before the expiry of his mandate. He subsequently left office on 31 August.

Written by;

Ifunanya Ikueze

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