The former Minister of Finance, Ngozi Okonjo-Iweala has been appointed as the Director-General of the World Trade Organisation.
Okonjo-Iweala, whose tenure begins March 1, is the first woman and African to hold the position.
The WTO stated this saying, “Ngozi Okonjo-Iweala from Nigeria is appointed as the next WTO Director-General. Dr. Okonjo-Iweala makes history as the first woman and the first African to lead the WTO. Her term starts on the 1st of March 2021.
The former Minister had, a few days ago, received the backing of the administration of US President Joe Biden for the role.
The US Trade Representative in a statement cited her “wealth of knowledge in economics and international diplomacy” and said she had “proven experience managing a large international organization.”
Okonjo-Iweala was challenged by South Korean Trade Minister Yoo Myung-hee who later withdrew from the race for the position.