Tag Archives: iweala

Top Story: ECOWAS endorses Okonjo-Iweala’s candidacy

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The Economic Community of West African States (ECOWAS) has endorsed the candidacy of Dr Ngozi Okonjo-Iweala for the position of director-general of the World Trade Organisation.

Dr Okonjo-Iweala has been nominated by the President, Buhari to represent Nigeria and West Africa as the director-general of the World Trade Organisation.

In a statement signed by the President of Niger, Mahamadou Issoufou, it revealed that the organization is fully in support of her nomination.

The statement declared that the endorsement of Okonjo-Iweala’s candidature by ECOWAS is backed by her academic and over 30 years of experience as a Development Economist.


#Newsworthy…

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WTO DG: Egypt reject Okonjo-Iweala’s nomination.

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The nomination of Ngozi Okonjo-Iweala as Nigeria’s candidate for the position of the Director-General (DG) of the World Trade Organisation (WTO) has been opposed by the Egyptian government.

President Muhammadu Buhari had on Thursday announced the nomination of Okonjo-Iweala, a former minister of finance, for the position.

Buhari had said that Nigeria was withdrawing its previous nominee for the position, Yonov Frederick Agah and replacing him with the former finance minister.

But the Egyptian government, barely 24 hours after the nomination, registered its opposition to it.

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The northern African country, in a letter to the Ministerial Committee on Candidatures for the election, asked that Okonjo-Iweala’s nomination be rejected.

The Egyptian government argued in its communication No. 081 /2020- AU of June 5, 2020, to the Permanent Missions of the WTO Member States of the Ministerial Committee on Candidatures, that Nigeria’s decision to withdraw Agah’s candidature meant it had forfeited its chance to participate in the race.

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In a memo it sent to the African Union Commission (Commissioner of Political Affairs/Office of Legal Counsel), Egypt maintained that as far as it was concerned, three candidates, representing Benin Republic, Egypt and Nigeria, had already obtained the endorsement of the Executive Council to contest the position of the WTO Director General vide its decision EX.CL/December. 1090(XXXVI) of February 2020.

It named the three candidates to include Eloi Laourou of the Republic of Benin, Abdulhameed Mamdouh of the Arab Republic of Egypt Arab Republic, and Mr Agah of Nigeria.

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The Egyptian government said since Agah’s candidature had been withdrawn that it was urging the Ministerial Committee on Candidatures to officially inform the African Group in Geneva about the development and Nigeria’s disqualification.

According to Egypt, the committee should acknowledge that “Abdulhameed Mamdouh of the Arab Republic of Egypt and Eloi Laourou of the Republic of Benin are currently the only two endorsed African candidates.”

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It added in the memo, “In this context, the Permanent Mission of Egypt would like to highlight that Government of Egypt is undertaking consultations with the Government Benin with the aim of reaching a consensus on one African candidate between the only two currently endorsed African candidates, and will communicate the outcomes of these consultations to the esteemed Ministerial Committee at the soonest possible date.”

Egypt‘a opposition to Okonjo-Iweala’s nomination is coming despite the fact that the July 8, 2020, deadline for the closure of nominations for the elections is still more than a month away.

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Buhari, in his diplomatic communication through the Nigerian Embassy and Permanent Mission to the African Union (AU) and United Nations Economic Commission for Africa (UNECA) in Addis Ababa, did not give reasons for the withdrawal of Mr Agah’s candidacy.

However, it is believed that the Nigerian leader may have considered Okonjo-Iweala’s global stature as a former Managing Director (operations) of the World Bank, finance expert, economist and international development professional with more than 30 years of experience, to nominate her for the position.


#Newsworthy…

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With COVID-19, 2020 will be tough Year – Okonjo-Iweala tells Buhari. [Nigeria]

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Nigeria’s former Finance Minister, Okonjo-Iweala, has warned that recession and difficult times are ahead amid the coronavirus pandemic.

Iweala said this during an interview.

She urged the Buhari-led government and other African countries to diversify the economy and look for other means of revenue as difficult times are ahead occasioned by the COVID-19 pandemic.

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When asked on the effect of oil prices on economies around the world, Iweala said: “What Nigerian government needs to do is to make the economy less dependent on these commodities and that is why for the longer time, restructure the economy so that you can also have other sources to create job for the people, other sources where you can tap revenues.

The former minister advised that Nigeria and other African countries’ economies have a lot of sectors like agriculture, tourism, and creative industries to diversify into to make the economy work.

” It is not just diversifying your economy but also diversifying your sources of revenue.

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“This is what our country is going to look at now and start planning about how they are going to do better in the future,” Iweala added.

“2020 spilling into 2021 is going to be a difficult year but I believe that if the world acts as one, if countries do not retreat into nationalism, populism, we will all have the resources to deal with these issues and help countries that do not have enough.”


#Newsworthy…

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[Nigeria] Ngozi Okonjo-Iweala gets WHO appointment on COVID-19.


>>> 524 Almajiri’s received in Jigawa, Nigeria from Kano State <<<


The Jigawa Government has received a total of 524 Almajiri pupils evacuated by neighbouring Kano State.

Receiving the pupils at Gen. Yakubu Gowon NYSC Camp in Dutse, the state Gov. Muhammad Badaru said the pupils would undergo medical screening, before handover to their respective parents.

Badaru said that accommodation and feeding arrangements had been made for the pupils until they would be declared safe to reunite with their parents.

He said that the gesture was aimed at ensuring that the pupils would be healthy to mingle with people in their respective communities.

Earlier, Mr Sunusi Kiru, the Kano State Commissioner for Education, who led the evacuation team, gave the assurance that the pupils underwent thorough medical screening before the evacuation.

NobleReporters gathered that the Kano Government has embarked on the evacuation of Almajiri pupils to their respective states of origin.

The decision is to ensure compliance with the social distancing order in the state to prevent the spread of the novel coronavirus.

The Kano Government had earlier evacuated 419 Almajiri pupils to Katsina State.

Almajiri is usually underage Quranic students sent to neighbouring communities in furtherance of their studies.


>>> WHO appoints Former Finance Minister, Ngozi Okonjo-Iweala as COVID-19 Special Envoy <<<


The World Health Organisation (WHO) on Friday named former Minister of Finance, Dr. Ngozi Okonjo-Iweala, as a Special Envoy for the newly inaugurated Access to COVID-19 Tools (ACT) Accelerator.

She is to serve alongside British business executive, Sir Andrew Witty in the same capacity, to mobilise international commitment to the initiative.

Director-General of the organisation, Dr. Tedros Ghebreyesus, made the announcement during the launch of the ACT Accelerator — via webinar from Geneva.

“I would especially like to thank Sir Andrew Witty and Dr. Ngozi Okonjo-Iweala for agreeing to act as Special Envoys for the ACT Accelerator,” Ghebreyesus said in his remarks.

The initiative is an international collaboration aimed at accelerating the development, production, and equitable distribution of COVID-18 drugs, tests kits, and vaccines around the world.

NobleReporters reports that this is the fourth international assignment given to Okonjo-Iweala in less than two months.

On March 7, President Cyril Ramaphosa of South Africa appointed her a member of the country’s Economic Advisory Council, which comprises indigenous and international economic experts.

The council advises the president and government on the development and implementation of economic policies toward advancing inclusive growth.

A month later on April 10, the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, named Okonjo-Iweala a member of the fund’s External Advisory Group.

The group comprises prominent individuals from around the world, who will serve as Georgieva’s special advisers.

Okonjo-Iweala is one of the four Special Envoys the African Union (AU) appointed on April 12 to mobilise international support for its efforts toward addressing the coronavirus pandemic.

The AU special envoys are charged with soliciting the support of the G20, the European Union and other international financial institutions for the organisation’s response.

Okonjo-Iweala is an internationally respected economist and development expert, who has served as Managing Director of the World Bank, among other assignments.


#Newsworthy…

Ngozi Iweala’s father buried after death at 91.

Former Minister of Finance, Ngozi Okonjo-Iweala, joined other members of her family to lay their father, the late Obi of Ogwashi-Uku, Aniocha South Local Government Area of Delta State, Chukwuka Okonjo, to rest today December 21st.

The monarch who was a Mathematics professor, died in Septemer in Lagos at the age of 91.

In attendance at the funeral were Delta state governor Ifeanyi Okowa, former governor of Ogun State, Gbenga Daniels, and the pioneer chairman of the Economic and Financial Crimes Commission (EFCC), Nuhu Ribadu.

See more photos below.

Okonjo-Iweala?s father laid to rest (photos)

Okonjo-Iweala?s father laid to rest (photos)
Okonjo-Iweala?s father laid to rest (photos)
Okonjo-Iweala?s father laid to rest (photos)
#Newsworthy…