Category Archives: World Economy

[VIDEO] WTO: See How Dr. Ngozi Okonjo-Iweala was chosen as WTO DG

Nigeria’s Two-time Former Finance Minister and Former World Bank Director-General, Dr. Ngozi Okonjo-Iweala was recently selected as the candidate with the best chance of becoming a consensus candidate for the position of Director-General of the World Trade Organization. Just after her selection by the Selection Committee, an announcement came saying that the United States delegation did not support the consensus

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WTO: US moves to block Okonjo-Iweala’s selection

The United States is moving to block Nigeria’s Ngozi Okonjo-Iweala selection as consensus candidate to lead the World Trade Organisation. Major news media organizations have earlier reported that key WTO ambassadors have given a node to the candidature of Okonjo-Iweala on Wednesday. However, the US it was learned is supporting the South Korean Trade Minister Yoo Myung-hee, who is Okonjo-Iweala’s

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Breaking: Okonjo-Iweala, is new WTO DG

Ngozi Okonjo-Iweala, Nigeria’s ex-finance minister and nominee for the office of the director-general of the World Trade Organisation, WTO,  has emerged winner of the highly competitive race. The former minister according to TheCable, polled 104 votes from 164 member countries to defeat her South Korea’s trade minister opponent, at the final stage of the race. She has broken many records,

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WTO: Okonjo-Iweala gets the support of 79 countries

Nigeria’s Ngozi Okonjo-Iweala has expressed confidence in her quest to lead the crisis-wracked World Trade Organisation after all of Africa backed her candidacy, vowing she would champion reform. She expressed her confidence in the race after she received news that the 55-member African Union would officially support her candidacy over her sole remaining opponent, Yoo Myung-hee of South Korea for

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European Union endorses Okonjo-Iweala for WTO job – Report

Governments and countries of the European Union on Monday expressed support for Nigeria’s candidate contesting for the position of the director-general of the World Trade Organisation, Dr. Ngozi Okonjo-Iweala. The race for the WTO top position has enters the final month with just five contestants left in the race. Alongside Nigeria’s candidate, the EU governments also have expressed willingness to

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Number of hungry people might reach 840 million in 2030

Reports say nearly 840 million people will be hungry by the end of the year 2030, if the current trends continue. This can only be defeated with greater political will and commitment among various stakeholders and groups comprising public, private, and international development agencies. World Food Programme’s (WFP) Hunger Map 2020 shows how hunger is devasting several countries at varying

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Terrorists are taking advantage of the poverty in West Africa –ECOWAS Chair

The sitting Chair of the ECOWAS Authority and President of Ghana and Chairperson of the ECOWAS , Nana Akufo-Addo, says the operations of Al-Qaeda and the Boko Haram sects are of serious concern. In his recent statement, he made it clear that such operations of the insurgents were made possible by the growing poverty situation in West Africa. He also

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Emirates Airlines is barred from operating in Nigeria – FG

The Federal Ministry of Aviation of Government has barred Emirates Airlines from operating in Nigeria. According to the Minister, Hadi Sirika, the announced ban will take effect from Monday, September 21, 2020. The announcement was made via a tweet which read: “The PTF sub-committee met today with EU Ambassadors to discuss Lufthansa, Air France/KLM ban. The meeting progressed well. Emirates

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