Monday, November 2, 2026

WTO Race: Okonjo-Iweala nears victory as Korean challenger prepares to withdraw

WTO’s spokesperson Keith Rockwell had described Mrs. Okonjo-Iweala as the best candidate for its keenly contested top job.

• November 24, 2020
Ngozi Okonjo-Iweala (Credit: Twitter)
Ngozi Okonjo-Iweala (Credit: Twitter)

Former Nigerian finance minister Ngozi Okonjo-Iweala is poised to emerge unopposed as director-general of the World Trade Organisation, the Washington Trade Daily reported on Monday.

Citing insider sources familiar with the development, the weekday business journal revealed that Ms. Yoo Myung-hee — Mrs. Okonjo-Iweala’s sole challenger who enjoys the support of the United States — would be withdrawn from the race by her home country Korea in the coming days.

“Seoul (Korea’s seat of power) has already conveyed its decision to the United States, which has been insisting on the selection of Ms. Yoo,” the Washington-based newspaper reported its sources to have said.

Bloomberg had reported that Mrs. Okonjo-Iweala’s confirmation as DG of the global trade body was put on hold because the United States, a key bloc in the selection process, did not endorse her.

The 66-year-old Nigerian economist, who had an illustrious career at the World Bank spanning over two decades, however, enjoys massive support from other WTO member countries.

WTO’s spokesperson Keith Rockwell had described Mrs. Okonjo-Iweala as the best candidate for its keenly contested top job.

The trade body is expected to convene its council meeting on December 17, in Geneva, Switzerland.

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

Nigerian Bar Association

States

Independence: NBA urges Nigerians to expect better future

The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

Houses in Abuja

Abuja

Abuja residents back proposed rent law, seek end to arbitrary hikes

Abuja residents have welcomed the proposed Rent Regulation and Tenants Protection Bill, 2026, describing it as timely.

Tukur Mamu

Abuja

Court fixes January 27 for judgment in terrorist negotiator Tukur Mamu’s trial

Mr Mamu was earlier arraigned on a 10-count charge bordering on terrorism financing.

FRSC OFFICERS

States

Customs,‌‌ FRSC deepen ties to boost road safety, trade facilitation

Customs and FRSC have strengthened their partnership to promote road safety along transportation routes in Cross River and Akwa Ibom.

Nasarawa State Governor, Abdullahi Sule

States

Gov Sule’s aide empowers 750 indigent persons, rallies support for Tinubu

Ibrahim Addra, chief press secretary to Governor Abdullahi Sule, has empowered about 750 indigent persons in Doma council area with cash support ranging from N5,000 to N25,000.

Hyacinth Alia.

Health

Gov Alia appoints 23 aides, primary healthcare board

Governor Hyacinth Alia has constituted the State Primary Healthcare Board and approved 23 appointments to fill vacant positions in his administration.

Medicines used to illustrate the story

Health

WHO urges patients to report suspected medicine side effects

WHO has urged patients to report suspected medicine side effects, saying such reports help identify potential safety concerns and protect others.