Okonjo-Iweala emerges new Director General of the World Trade Organisation


Nigeria’s former Minister of Finance, Ngozi Okonjo-Iweala, is now the Director General of the World Trade Organisation (WTO), various reports have stated.

She polled 104 votes from 164 member countries to defeat South Korea’s Trade Minister, Yoo Myung-hee, at the final stage of the race.

With this victory, Okonjo-Iweala has become the first female DG of the WTO in the institution’s 25-year-history.

She is also the first African to occupy the office.

She replaces the Brazilian Roberto Azevêdo, who informed members on May 14 that he would be stepping down from his post, one year before the expiry of his mandate. He subsequently left office on August 31.

The WTO will formally announce Okonjo-Iweala as winner in the next couple of hours.