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“We are confident in your ability to rebuild the WTO”–Dangote congratulates Okonjo


The richest Black Man, Aliko Dangote has joined the many people congratulating the Former Nigerian Minister for Finance, Ngozi Okonjo-Iweala as she is set to make history as the first woman and the first African to ever head the World Trade Organization.

The ten times top Black billionaire expressed his confidence in the capabilities of his fellow country woman in a congratulatory message he wrote on his official twitter handle. 

“Congratulations to Dr. Ngozi Okonjo-Iweala, the first African and female DG WTO We are proud of your historic emergence and confident in your ability to rebuild the World Trade Organisation and enhance global trade and economic development.” The billionaire wrote. 


BACKGROUND

It could be recalled that, the prospects of Ngozi Okonjo-Iweala to become the next Director-General of the World Trade Organization (WTO) was boosted as her main contender, Yoo Myung-hee who is the current South Korean trade minister withdraws from the race.

This decision was made public by the South Korean Ministry of trade on Friday; Yoo stated that, the decision to renounce her candidature was in “close consultation” with the United States. In a statement, she assured that, “South Korea will actively contribute to reaching consensus for the next WTO chief and co-operate with her and participate in the WTO reform process.”

In response to the move which is seen as a very important one to aid the operation of the WTO, a spokesperson of Okonjo-Iweala “congratulates Yoo Myung-hee on her long campaign and welcomes South Korea’s commitment to rebuilding and enhancing multilateralism.” Adding that, “there is vital work ahead to do together”.

The race to become the first woman and the first ever African to head the World Trade Organization has been a long battle for Okonjo-Iweala; even though the Nigerian got the backing of giants such as the European Union, China, Japan and Australia, the Donald Trump led US administration strongly objected her candidature and supported the South Korean.

According to the rules of the World Trade Organization, a candidate is chosen by consensus. In effect, the initial objection from the US affected processes leading to the endorsement of a candidate for the vacant position after the premature resignation of the WTO director general, Roberto Azevêdo. The only helpful option was the withdrawal of the other candidate. 

Although all roads seem cleared for Okonjo-Iweala to head the organization, a mere resignation of her South Korean counterpart does not grant her an automatic victory. The candidate would still be presented to the 164 representatives of the WTO for consideration and endorsement.

Okonjo-Iweala, has loads of experiences, both national and international. Aside serving two terms in office as the Minister for Finance in Nigeria, she has 25 years of experience working at the World Bank as a development economist and equally went through the ranks to the position of managing director. She also sits on the Boards of African Risk Capacity, Standard Chartered Bank, Twitter, and Global Alliance for Vaccines and Immunization (GAVI).

Nigerians in particular have been doing exploits at the international level. Aside emerging first for the tenth consecutive time on the black and top African Billionaire list, Aiko Dangote has also been in the news lately after his oil refinery which is currently under construction was recognized by the International Monetary Funds (IMF) as one with potentials to boost Nigeria’s economy.

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