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Okonjo-Iweala urges swift action to unlock Africa’s regional trade opportunities

World Trade Organization Director-General Dr. Ngozi Okonjo-Iweala, has urged swift reforms to unlock Africa’s trade potential, noting that it costs about 20 per cent more for African countries to trade with each other than with nations outside the continent. In an interview with CNN’s Christiane Amanpour, Okonjo-Iweala warned that these inefficiencies weaken the objectives of […]

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Nigeria must shift focus from stabilisation to growth — Okonjo-Iweala

The Director-General of the World Trade Organisation, Ngozi Okonjo-Iweala, has said that Nigeria must shift its focus from stabilisation to growth of its economy. Okonjo-Iweala spoke on Tuesday while addressing criticism of the WTO’s trade system by the United States during an interview with Arise TV on the sidelines of the Future Investment Initiative in […]

News

WTO warns G20 against new trade restrictions

The Director-General of the World Trade Organization, Dr. Ngozi Okonjo-Iweala, has urged G20 governments to avoid implementing new trade restrictions that could worsen the global economic situation. This call follows the release of the 31st WTO Trade Monitoring Report, which highlighted a significant increase in trade-restrictive measures among G20 economies over the past year. While […]

News

WTO confirms Okonjo-Iweala as only candidate for second term

The World Trade Organization has officially confirmed Ngozi Okonjo-Iweala as the sole candidate for the position of Director-General for a second term. The organization announced this development on Saturday, following Okonjo-Iweala’s confirmation of her willingness to serve another four-year term on September 16. Her reappointment signals continued leadership under her guidance, having taken the helm […]

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Okonjo-Iweala calls for subsidy cuts to support developing nations

The Director-General of the World Trade Organization, Dr. Naomi Okonjo-Iweala emphasized the necessity of reducing cotton subsidies, currently totaling $8 billion, to level the playing field for developing countries. This reduction aims to enhance market access and enable these nations to benefit more significantly from global trade. Speaking at the opening ceremony of World Cotton […]

News

Okonjo-Iweala announces bid for another four-year term as WTO head

The World Trade Organisation Director-General, Ngozi Okonjo-Iweala, announced her intention to seek a second four-year term as head of the trade organisation. This was disclosed by Okonjo-Iweala during an interview with Reuters on Monday. she expressed a desire to address “unfinished business” from her first term. Okonjo-Iweala, who began her role in March 2021 as […]

News

Technology now tracks oil theft, Okonjo-Iweala tells FG

The Director General of the World Trade Organisation, Ngozi Okonjo-Iweala, has said there are enough technological innovations to track crude oil theft and bring those behind the act to justice in Nigeria. This was disclosed by Okonjo-Iweala at the opening ceremony of the 2024 Annual General Conference of the Nigerian Bar Association held at the […]

News

Okonjo-Iweala narrates ordeal with fuel subsidy cabal

The current Director General of the World Trade Organisation, Dr. Ngozi Okonjo-Iweala has said that the concept of fuel subsidy removal isn’t new as she narrated her ordeal with a fuel subsidy cabal. According to Vanguard, while she served as the Coordinating Minister of the Economy and Minister of Finance, the removal of fuel subsidies […]

Okonjo-Iweala, IMF MD demand improvement of international trade
Economy

Okonjo-Iweala, IMF MD demand improvement of international trade

Director General of the World Trade Organisation, Dr. Ngozi Okonjo-Iweala, and the Managing Director of the International Monetary Fund, Kristalina Georgieva, have emphasized the importance of increased global trade in a policy paper released in June 2023. Nairametrics reported that they proposed that while avoiding market fragmentation and adverse policy consequences on other nations, global collaboration, and shared […]

Director-General of the World Trade Organization, Ngozi Okonjo-Iweala
Business

Watch your debt profiles, Ngozi Okonjo-Iweala advises Nigerian govs

The Director General of the World Trade Organization, Ngozi Okonjo-Iweala, has cautioned the governors of Nigeria’s 36 states to avoid taking on debt that could impede their efforts to deliver the benefits of democracy to their constituents. According to The Punch, Okonjo-Iweala made this statement during the Nigeria Governors’ Forum’s induction program for newly elected […]

Economy

Why Africa must decrease intra-African, global trade costs – Okonjo Iweala

President of the World Trade Organization, Dr. Ngozi Okonjo Iweala, has stated that in order for Africa to successfully implement the African Continental Free Trade Area, we must lower the costs associated with doing business both within the continent and with the rest of the world. Nairametrics reported that she emphasized that some tariffs and obstacles result […]

Director-General of the World Trade Organization, Ngozi Okonjo-Iweala
Business

Intra-African trade tariff too high at 435% – Ngozi Okonjo-Iweala

The Director-General of the World Trade Organization, Ngozi Okonjo-Iweala, has expressed concern over the high tariffs on intra-African trade, which she says currently stands at 435 per cent. Okonjo-Iweala made these comments during the “Trade Integration in Africa” event held in Nairobi. She noted that this is hindering the implementation of the African Continental Free […]

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