Nigeria’s former Minister of Finance, Ngozi Okonjo-Iweala, has emerged as the new Director General of the World Trade Organization as the first female and first African Director-General of the WTO.
In tightly contested election, Okonjo-Iweala beat her rival, South Korean Yoo Myung hee, with a wide margin when she polled 104 votes from 164 member countries to defeat Myung Hee at the final stage of the race.
Okonjo-Iweala was able to achieve this through a widespread support from Africa and other continents before the election which took place today October 28, 2020.
This victorious feat comes after the European Union member nations backed her candidacy against Ms. Myung hee, who was supported by the United States.
However, the official announcement is expected to be made by the WTO at 3pm Nigerian time today.
The 66 year old Okonjo-Iweala had served as Nigeria’s first female Finance and later Foreign Affair minister, with a previous 25-year career as a development economist and international finance expert at the World Bank, eventually becoming its number two.
She is also one of Twitter’s board of directors and also a special envoy for the World Health Organization’s COVID-19 fight.