Nigeria’s multiple exchange rate regime worries WTO, says Okonjo-Iweala

multiple exchange rate regime

Nigeria’s multiple exchange rate regime worries WTO, says Okonjo-Iweala   Ngozi Okonjo-Iweala, director-general of the World Trade Organization (WTO), says the world trade body is worried about Nigeria’s multiple exchange rate regime and how it affects international trade. While responding to questions from journalists after a meeting with President Muhammadu Buhari in Abuja on Monday, the former finance minister said some member states of the WTO have complained about Nigeria’s invoking the balance of payment agreement to make to be able to conserve foreign exchange. “WTO has one of the…

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Buhari to Iweala: We’ll push until you clinch WTO job

Buhari to Iweala: We’ll push until you clinch WTO job

President Muhammadu Buhari, on Monday assured former Minister of Finance and Economy, Ngozi Okonjo-Iweala, that he would do all within his power to ensure that she became the Director-General of World Trade Organisation (WTO). According to a statement by his senior special assistant on media and publicity, Garba Shehu, the President made the promise while receiving Okonjo-Iweala at the Presidential Villa, Abuja. The statement was titled “We’ll push, push until you win, President Buhari assures Okonjo-Iweala.” The former minister and South Korea’s Yoo Myung-Hee are the two remaining candidates contesting…

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Nigeria’s Okonjo-Iweala battles 5 others to become WTO DG

Okonjo-Iweala appointed as WTO DG

Six candidates including Nigeria’s former finance Minister, Okonjo-Iweala are jostling for the next head of the World Trade Organisation (WTO), according to report by the Agence France Presse (AFP) Meanwhile, the window to enter the race slams shut on Wednesday, in a speed-up contest to replace the outgoing WTO director-general Roberto Azevedo, the Brazilian career diplomat who is stepping down one year early at the end of August. President Muhammadu Buhari had nominated Okojo-Iweala had in May nominated Okonjo-Iwealafor the position of director-general of the WTO. The six candidates in…

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Buhari nominates Okonjo-Iweala to head WTO

Buhari nominates Okonjo-Iweala to head WTO

President Muhammadu Buhari has approved the nomination of Ngozi Okonjo-Iweala, a former Coordinating Minister for the Economy, for the position of director-general of the World Trade Organisation. That Buhari withdrew the candidacy of Yonov Agah, Nigeria’s permanent representative to WTO, for the same position as reported on Thursday. The election is scheduled to hold in Geneva, Switzerland in 2021 for a four-year term that would run from 2021 to 2025 after Roberto Azevedo, former Director-General of the organisation, stepped down a year to the end of his second term. “The embassy…

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