Tag: Ngozi Okonjo-Iweala

  • [BREAKING] Buhari, Okonjo-Iweala meet in Abuja as race for WTO job thickens

    [BREAKING] Buhari, Okonjo-Iweala meet in Abuja as race for WTO job thickens

    President Muhammadu Buhari and a former Minister of Finance, Ngozi Okonjo-Iweala, are currently meeting at the Presidential Villa, Abuja.

    Okonjo-Iweala is in the race to become the Director-General of the World Trade Organisation.

    She was led to the meeting with the President by the Minister of Industry, Trade and Investment, Niyi Adebayo; Minister of State for Foreign Affairs, Zubair Dada; and the Minister of State, Industry Trade and Investment, Maryam Katagun.

    Okonjo-Iweala, 66, has a 25-year career behind her as a development economist at the World Bank, eventually becoming its number two.

    She is also on Twitter’s board of directors and is a special envoy for the World Health Organization’s COVID-19 fight.

    If Okonjo-Iweala wins, she would become the first African to lead the global trade body in its 25-year history.

    Details later…

  • Just in: Okonjo-Iweala reacts to reports of her ‘appointment’ as DG of WTO

    Just in: Okonjo-Iweala reacts to reports of her ‘appointment’ as DG of WTO

    Nigeria’s Dr Ngozi Okonjo-Iweala has reacted to reports published in some quarters of the media that she has been appointed the Director-General of the World Trade Organisation (WTO).

    Dr Okonjo-Iweala through her media adviser, Paul Nwabuikwu clarified that the former finance minister has not yet been declared winner of the contest.

    The statement reads: “The race for the WTO director-general is still very much on.

    “Contrary to inaccurate information released online by an unidentified source, Dr Ngozi Okonjo-Iweala has not yet been declared winner.

    “As announced by WTO, the former managing director of the World Bank and South Korea’s Yoo Myung-hee are the final two contestants left in the race.

    “The winner should be announced in two to three weeks. That remains the correct position. Dr Okonjo-Iweala is appreciative and energised by the enthusiastic support of Nigerians.

    “And she is urging all to keep praying until the final whistle.”

  • WTO: ECOWAS leaders heed Buhari’s request, declare support for Ngozi Okonjo-Iweala

    WTO: ECOWAS leaders heed Buhari’s request, declare support for Ngozi Okonjo-Iweala

    Following President Muhammadu Buhari’s request, Presidents of West African countries have reiterated their support to the victory of Dr. Ngozi Okonjo-Iweala as the only candidate supported by the sub-region for the position of Director-General of the World Trade organization.

    They also urged Africa to unite behind her candidacy as the continent’s best option in the hotly contested race.

    In a statement made available to The Nation, ECOWAS leaders expressed the strong show of support during the 57th Ordinary Session of the Authority of Heads of State and Government of the Economic Community of West African States (ECOWAS) which took place recently hold in Niamey, Republic of Niger.

    The event which held at the Mahatma Gandhi International Conference Centre Niamey considered reports form the 44th Ordinary Session of the Mediation and Security Council at the Ministerial Level and the 84th Ordinary Session of the ECOWAS Council of Ministers, which preceded the Summit, among others.

    According to the Presidents who spoke at the event, the focus of the sub-region is to persuade other African countries to support Nigeria’s highly respected pick for the position, one of five candidates who recently scaled the first stage of the WTO leadership hurdle.

    The expression of support follows the endorsement of Okonjo-Iweala by the sub-regional body in June anchored on the former World Bank Managing Director’s track record of high performance and leadership in top positions.

    According to the ECOWAS Presidents, Okonjo-Iweala is eminently qualified to head the WTO based on her “long years of managerial experience at the top echelon of multilateral institutions, her reputation as a fearless reformer, her excellent negotiating and political skills, her experience of over 30 years as a developmental economist with a long-standing interest in trade, her excellent academic qualification, her position as Managing Director World Bank, and currently as Board Chair, Gavi, and AU Special Envoy to mobilize financial resources for the fight against COVID-19.’’

  • Nigeria’s Okonjo-Iweala tops five shortlisted candidates for WTO job

    Nigeria’s Okonjo-Iweala tops five shortlisted candidates for WTO job

    The World Trade Organisation, WTO has pruned to five the field of contenders for its vacant position of director-general, with Nigeria’s candidate, Ngozi Okonjo-Iweala, top on the list.

    The decision was announced today following a meeting of WTO General Council Chair, David Walker and two co-facilitators in the DG selection process, Amb. Dacio Castillo of Honduras and Amb. Harald Aspelund of Iceland.

    The outcome of the shortlisting of the five out of eight contestants was announced to the meeting of Heads of Delegation by Walker.

    Apart from Ngozi Okonjo-Iweala of Nigeria, the other remaining four contenders are Yoo Myung-hee of the Republic of Korea, Amina C. Mohamed of Kenya, Mohammad Maziad Al-Tuwaijri of the Kingdom of Saudi Arabia and Liam Fox of the United Kingdom.

     

    The shortlist as posted on Twitter Friday

    WTO General Council Chair David Walker (centre) accompanied by his two co-facilitators in the DG selection process, Amb. Dacio Castillo of Honduras (right) and Amb. Harald Aspelund of Iceland (left)

    “Throughout the six days of consultations it was clear to us that the entire membership is both committed to and fully engaged in this process,” said Amb. Walker, who expressed his gratitude to all the candidates, including those who will not advance further.

    “Members consider all (the candidates) highly qualified and respected individuals.

    “I would also like to pay tribute to the dignified manner in which they, their delegations, and their Governments have conducted themselves in this process. Their willingness to engage, especially at these challenging times, has been greatly appreciated, and the Organization is in their debt.

    “Their expertise and high professional and personal qualities are highly valued and respected by all Members. I am sure I speak on behalf of all of you in wishing them well in their future endeavours,” he said.

    During the confidential consultations Amb. Walker of New Zealand, Amb. Castillo, chair of the Dispute Settlement Body, and Amb. Aspelund, chair of the Trade Policy Review Body, posed to each delegation a single question: “What are your preferences?” Members then submitted four preferences to the “troika” of ambassadors.

    Amb. Walker said the second phase of consultations will begin on 24 September and run until 6 October.

    During this time, members will be asked in the confidential consultations to express two preferences to the facilitators with an eye to bringing the number of candidates from five to two.

    Following this process, Amb. Walker will call another Heads of Delegations meeting at which the results will be announced to the WTO membership.

    The timetable for the third and final round of consultations will be announced at that time.

  • Dangote endorses Ngozi Okonjo-Iweala for WTO job

    Dangote endorses Ngozi Okonjo-Iweala for WTO job

    Nigerian billionaire and business mogul, Mr Aliko Dangote, has backed former Finance Minister, Mrs Ngozi Okonjo-Iweala, to become the next Director-General of the World Trade Organisation (WTO).

    Mr Dangote in a series of tweet showed his support for Mrs Okonjo-Iweala, 66, who is one of the eight candidates vying for the position which has just been vacated by Mr Roberto Azevedo of Brazil.

    He wrote, “In these challenging times, the World Trade Organisation needs the renowned skills and tested experience of Dr Ngozi Okonjo-Iweala to lead the organisation through identified obstacles and strengthen its position as the prime facilitator of international trade.

    “A vote for her by all is a step in the right direction. I fully endorse the candidature of Ngozi Okonjo-Iweala to lead WTO.”

    The new WTO chief will be tasked with managing the trade war between China and the United States, initiate reforms in the face of rising protectionism and steer the world to new trade pastures in the face of the novel coronavirus (COVID-19) pandemic.

    The organisation, this month will begin three rounds of consultations – dubbed “confessionals” — in which all member states confidentially voice their preferences, gradually whittling down the list.

    The process, based on consensus, is expected to last until November 3 but soaring international tensions and growing politicisation of picks to head UN agencies and other international organisations could see them speed up the process.

    Members failed last month to pick an acting chief from among four deputy directors, something that is normally a straightforward process. This spelt urgency and a huge task for whoever will lead the organisation.

    Mrs Okonjo-Iweala will battle against Mrs Amina Mohamed from Kenya, Mr Liam Fox the United Kingdom, Mr Jesús Seade from Mexico, Mr Hamid Mahmoud from Egypt, Ms Yoo Myung-hee from South Korea, Mr Mohammed al-Tuwaijri from Saudi Arabia, and Mr Tudor Ulianovschi from Moldova.

  • The fruitlessness of an Okonjo-Iweala leadership of WTO, By Owei Lakemfa

    By Owei Lakemfa

    I first met Dr. Ngozi Okonjo-Iweala during the Obasanjo administration at a conference organised by the newly emergent Due Process Office headed by Mrs. Obiageli (Oby) Katryn Ezekwesili.

    Okonjo-Iweala was Minister of Finance, so I asked her how much oil Nigeria was producing daily. Conference Chairman, Mallam Nasir El-Rufai (Now Governor of Kaduna State) fumed: “Mr. Lakemfa, let me tell you, there are three persons I can die for in this government; Oby, Ribadu (Nuhu, then Chairman of the Economic and Financial Crimes Commission) and Ngozi.” He did not allow her to answer the question. I doubt if until today, it is a question she can answer.

    Okonjo-Iweala was an instrument for the perpetuation of the enslaving policies of the IMF and World Bank. In her 2018 book “Fighting Corruption Is Dangerous: The Story Behind the Headlines” she admitted being a stooge of those organisations. In it, she wrote of her reaction to the January 1, 2012 fuel price increase: “I told my husband that I was sure that I would be blamed if things did not go right because everyone would feel that in my rush to implement so-called neoliberal policies informed by the International Monetary Fund (IMF) and the World Bank, I had rushed the President into this decision”

    Okonjo-Iweala as Finance Minister from 2003-2006 was one of the main forces that drove the Obasanjo administration’s privatization process in which choice public property like the profit-making 670-room luxuriously furnished Nicon-Noga Hotel(Renamed Transcorp) were sold. My primary point on this issue is that the funds realised from these prodigal sales were not accounted for by the Iweala-controlled Finance Ministry or any other government arm, nor were Nigerians told the public projects on which these funds were expended.

    Okonjo-Iweala was the pivot of the controversial 2005 debt repayment project to the Paris Club. The debts were said to be $30 Billion under which $18 billion was written off as aid while the country made an outright payment of $12 billion. First, there was the controversy whether these debts were verifiable. Secondly, whether it made sense for an underdeveloped country to make a bulk payment of $12 billion. But the main controversy was whether in paying the Paris Club, Nigeria needed “Consultants” or “Advisors” who were paid huge commissions. Nigerians asked Okonjo-Iweala to name these middlemen and exactly how much they were paid. This, to the best of my knowledge has not been done fifteen years later.

    In 2010, the labour unions had differences with government over the new National Minimum Wage of N18,000. We thought the then Secretary to the Government, Senator Pius Ayim was not forthcoming so elected to meet President Jonathan. After he sorted out the issue, we told him there were rumours Dr. Okonjo-Iweala was to be brought back as Finance Minister, and stated reasons for our objection. President Jonathan noted Labour’s objection, but went ahead not only to bring her back as Finance Minister, but also as the ‘Coordinating Minister for the Economy’ A sort of Prime Minister.

    When in 2011, the administration flew the kite of an astronomical increase in fuel price, she went into over drive with her propaganda machinery. As this heated up the polity, President Jonathan invited the Labour unions to a meeting on December 19, 2011 in the Presidential Villa. I was then the Acting General Secretary of the Nigeria Labour Congress (NLC) Okonjo-Iweala with slides, briefed us on government’s position. She made the usual windy arguments about the increase being based on transparency, oil subsidy mainly benefiting the rich, need to attract private investors, curb fuel smuggling and that PMS prices should be subjected to so-called market forces as had happened to the telecommunication and aviation sectors.

    She claimed that the landing cost of a litre of PMS was N139. First we showed that her statistics were faulty and asked her how much a litre would cost were the country to do local refining. She had no answer, so with statistics, we provided the answer; N40!

    Then she claimed that the country consumed “35 to 40million” litres of PMS daily. We argued that since almost all the PMS is dispensed from petrol stations, she should tell us the number of such stations and their holding capacity. She could not, and we provided the information that the entire capacity of the fuel stations was between 20-25 million litres. In other words that her claimed 35-40 million-litre consumption, was false. She began to shout: “ I don’t lie o! Nobody should call me a liar!!” An apparently embarrassed President Jonathan calmed her down and requested we adjourned the meeting to the New year, 2012 during which Labour would present its counter statistics to those of the Minister. That meeting never held as the Government on January 1, 2012, announced the fuel price increase. The reactions were massive protests that heralded the end of that administration.

    Later, revelations showed that while the Executive with Okonjo-Iweala as Co-ordinating Minister claimed the country was paying daily subsidy for 35-40 million litres, the truth from the record of payments through the Petroleum Products Pricing Regulatory Agency (PPPRA) was that the country was paying subsidy for 59 million litres per day! This daily 19-24 million litre subsidy difference, is called fraud.

    Also under her watch, the Nigeria National Petroleum Corporation (NNPC) rather than pay all monies accruing to the country into the Federation Account as constitutionally provided, first paid itself whatever amount it wanted before paying the balance into the account. Also, the PPPRA which was not importing fuel was being paid an average ‘fuel subsidy’ of N150 Billion annually. While the subsidy provision for 2011 was N245.96 Billion, the Finance Ministry under Okonjo Iweala paid N2,587.087 Trillion.

    Another revelation was that she hired two audit firms; Akintola William Deloitte and Olusola Adekanla and Co to verify subsidy claims before payments were made. But the House of Representatives found that the firms had no adequate knowledge of measuring products in a vessel before and after discharge. So the firms were simply: “participating in a bazaar and collecting N275,000.00 per vessel”

    It was indeed, a bazaar; while Okonjo-Iweala paid oil subsidy to five companies in 2006, in 2011, for generally the same level of consumption, she paid 140 companies! Anybody interested in these details can pick up a copy of my 2015 book “Parliament of the Streets: Mass Strikes and Street Protests that Shook Nigeria in 2012” I cannot in clean conscience, recommend Okonjo-Iweala for any job.

    On the shark WTO, while it is true Okonjo-Iweala is a Nigerian and an African, but of what comfort is it to the forest that the handle of the sharp axe cutting down its trees is made of wood from the forest?

     

  • Reps back Okonjo-Iweala’s bid for WTO job, urge Egypt, Kenya to drop candidates

    Reps back Okonjo-Iweala’s bid for WTO job, urge Egypt, Kenya to drop candidates

    The House of Representatives on Tuesday passed a resolution, giving their support to former Minister of Finance, Mrs Ngozi Okonjo-Iweala, as she aims for the post of Director-General of World Trade Organisation (WTO) next month.

    The motion to back the former finance minister and one-time Managing Director of the World Bank was moved by the Minority Leader of the House, Mr Ndudi Godwin Elumelu (People’s Democratic Party – Delta State).

    In his motion titled In Support for Dr. Ngozi Okonjo-Iweala as the Director-General of the World Trade Organization (WTO), he stated that it was only right for Mrs Okonjo-Iweala to get the legislature’s backing after she had been formally nominated by the Federal Republic of Nigeria to “vie for the position of the Director-General of the WTO for the period of 2021 – 2025 and if successful will be the first female and first African to have occupied the office”.

    He said, “President Buhari having put into consideration her outstanding academic and professional background, as well as, her long years of managerial experience at the top echelons of multilateral institutions, her reputation as a fearless reformer and excellent negotiator graciously endorsed her as the nation’s candidate for the WTO job”.

    According to him, “With the COVID-19 pandemic at hand and many countries faced with difficult choices and critical moments, the WTO has a vital role to play in hunting for trade solutions and building trust amongst member states.

    “Hence the need for a capable hand that can make the WTO fit to thrive in the 21st century, there is no gainsay that Dr Ngozi Okonjo-lweala has the requisite capacity and experience to handle the challenges of WTO at this critical moment”.

    He said it was, “The perfect time for Africa to assume leadership at the WTO and all concerned stakeholders, must unanimously commit to achieving this”.

    He then expressed concerns that apart from Mrs Okonjo-lweala, Africa has two other candidates from Egypt and Kenya also in the race for the plum job.

    He said that with three candidates from Africa, the continent’s votes will be split, a move he said can cripple the prospect of a United African front for the WTO position.

    He called on the House to urgently reach out to the governments of Egypt and Kenya on the need to rally round a single candidate for the continent in the person of Mrs Okonjo-lweala.

    He recalled that, “In the past, Nigeria has staunchly supported the candidatures of other Africans to the leadership position at multilaterals, including the candidacy of late Boutros Boutros Ghali, an Egyptian national, to become the Secretary-General of the United Nations,” adding that, “A good turn deserves another and we must now unite the African continent and ensure cooperation amongst our countries to put the continent first”.

    According to him, “Having a Nigerian as the Director-General of the World Trade Organization, will further enhance the image of the country amongst the comity of Nations, hence the need to massively support this bid”.

    The motion found support from the Speaker of the lower chamber, Mr Femi Gbajabiamila, as the House resolved to unanimously endorse the candidature of Mrs Okonjo-Iweala for the position.

    They commended the Economic Community of West African States (ECOWAS)’s Authority of heads of states and governments for their strong endorsement and urge the President to further rally other African leaders to support her bid as the Director-General of WTO.

    The lower legislative arm of government also urged the pan African parliament to follow suit, as it also urged the federal government to discuss with the governments of Egypt and Kenya to step down their candidates in the spirit of African oneness and reciprocity.

  • After Buhari; Who is next? Dr Ngozi Okonjo-Iweala (1) – Dele Sobowale

    After Buhari; Who is next? Dr Ngozi Okonjo-Iweala (1) – Dele Sobowale

    “The rate of change in our time is so swift that an individual of ordinary length of life will be called on to face novel situations which have no parallel in the past. The fixed person for the fixed duties, who in the old society was such a god-sent, will in the future be a public danger.”

    Alfred North Whitehead, 1861-1947.

    Nigeria at present has a fixed person who we have elected for the fixed duties of security guarantee and economic prosperity, but, who has turned out to become a public danger. Permit me to apologise once again for being one of those who aggressively promoted President Buhari in 2011 and 2015. It was a bloody blunder that I will regret for the rest of my present life – and in life after; if there is one. At the risk of boring my regular readers, let me repeat that it took just Buhari’s first twenty appointments to convince me of my dreadful mistake. Obviously, it has taken most of the rest of My Fellow Countrymen a lot longer to realise that the man did not deserve a second term — as Professor Ango Abdullahi, Chairman of the Northern Elders Forum, NEF said recently. The attempt to downplay Abdullahi’s importance by one of Buhari’s loudspeakers who called him “General without troops” had merely revealed how totally divorced from reality the inhabitants of Aso Rock have become. The loudest call for Baba to come home is coming from Katsina State. It is the first time in Nigerian history for a Head of State to be issued the “red card” by his own people. Perhaps none of us will live long enough to witness another.

    NEF is not alone. There are very few honest individuals left in the entire South who have not given up on the man re-elected in 2019. The embarrassment is now national. Consequently, despite the fact that Buhari still has almost three more years to go, he has actually become a lame duck. We all know that a man cannot just expand his mind as he would his house. Buhari cannot go beyond what we have seen in five years. That is bad news for us as the readers will soon discover from three calamities unfolding to torment us. These are the sort of disasters the next President will inherit from him in 2023. It will require somebody special.

    THREE DISASTERS AND A PRESIDENT’S RESPONSE.

    I have recently discovered that the easiest way to bring indisputable facts about our current predicaments and future agonies to the attention of Nigerians is to render headlines from our newspapers. Journalism we have long known is the first rough drafts of history. This is history in progress right in front of our eyes. It is all bad news; not even a silver lining in the dark clouds. Read and despair.

    “IMF further reduces Nigeria’s 2020 growth rate to -5.4%.”

    VANGUARD, June 25, 2020, p 8.

    “OUT-OF-SCHOOL: Kano leads with 1,496,736 children – UNICEF.”

    VANGUARD, June 24, 2020, p 9.

    “Future Bomb: Beyond Hauwa’u Sulaiman’s 16 children.”

    Tunji Adegboyega, NATION, June 21, 2020.

    Early in June, the Federal Government finally admitted that Nigerians will become poorer in 2020. That will guarantee that we retain the dubious title of the poorest nation on earth. The recent announcement by the International Monetary Fund, IMF, about -5.4% decline will ensure that Nigeria will remain at the bottom of the Economic League of Nations until Buhari leaves office in 2023. He did not find us there. He got us there and will leave us there.

    One of those who helped Buhari to stuff the ballot boxes in the 2015 and 2019 elections was Governor Ganduje of Kano State. Together, they have watched as the population of out-of-school children grew in the state. Kano now claims 11 per cent of all kids roaming the streets in Nigeria. Next door is the very highly intelligent Governor of Kaduna State – Malam El-Rufai. Madam Hauwa Sulaiman, whose 16 children alarmed Tunji Adegboyega, gave birth to quadruplets on June 5, 2020 in Zaria, Kaduna state. Certainly, nobody has made inquiries regarding the fates of the first twelve. However, one thing is sure. Kano, Kaduna, Katsina, Sokoto and Zamfara account for close to 48 per cent of out-of-school children in Nigeria. All the Governors have not reduced the number in their states. Instead, they have added to the load.

    Population, as everybody who cares to find out knows, is the most important variable in determining per capita income. The other is the aggregate national income. Countries with high per capita income frequently are those who have placed population control at the top of their national agenda. Every government, irrespective of political party never relaxes on population control. Yet, in five years, President Buhari never once mentioned population. It is quite possible that the Chairman of the National Population Commission, NPC, created in 1989 by Babangida, has not met with Buhari to discuss population control. Why?

    “It requires wisdom to know wisdom…”

    Walter Lippmann, 1889-1974, VANGUARD BOOK OF QUOTATIONS, VBQ.

    Few people can, at 77, learnt what they have not bothered to learn at 40. Unlearning socially disruptive habits can even be more difficult. That is why in virtually every society people say “A fool at forty…” Ok, lets skip that and conclude this segment. One of the biggest problems the next President would have to confront is one which neither Jonathan nor Buhari considered was population control. The only Head of State who had the guts to tackle it was incomparable President Ibrahim B Babangida, IBB – ably supported by late Professor Olikoye Ransome Kuti. (see IBRAHIM B BABANGIDA 1985-1992: LETTING A THOUSAND FLOWERS BLOOM). Incidentally by the time IBB clocked five years in office, he had created over twenty institutions including the NPC– many of which exist till today. We need a civilian IBB to repeat what was done in the 1980s.

    But who? I know you would wonder why Dr Ngozi Okonjo-Iweala? Here are the reasons.

    TIME FOR A RADICAL CHANGE

    “The reason the Lord had to create woman is because man don’t know his own good when he sees it. William Faulkner, 1897-1962 in AS I LAY DYING.

    Some coincidences are simply incredible. As I was lying in a hospital bed waiting for my operation for cancer in three days time in March this year, I found, in my bag, a copy of Faulkner’s book which was purchased in January at a bookstore at Ikoyi. It is doubtful if anybody could have recommended it to me for reading. But, I needed something to read. At any rate I recollected Charles Frohman, 1860-1915, who before going down with a ship said. “Why fear death? It is the most beautiful experience in the world.” Suddenly, the statement above jumped in my face. Live or die, I still have a stake in Nigeria. And at the root of my anxiety is the leadership problem. This government is finished.

    The first question was: why not a woman for the next President of Nigeria? Suddenly, there was a news report on Channels TV about Ngozi Okonjo-Iweala. The next question rushed on the heels of the first one. Why not Ngozi Okonjo-Iweala? The more I turned the question on my mind the more it seems so self-evident that the best man for our next President might actually be a woman. As usual permit me to answer the question as best as I can. I honestly pray that she will consider it. I will certainly campaign for her with my last breathe. And, I think others will too.

    “All great leaders have had one characteristic in common; it was their willingness to confront unequivocally the major anxieties of their people in their time, Professor J.K. Galbraith. VBQ p 124.

    Dr Ngozi might have taken a course at Harvard University with Galhraith a Nobel Prize Winner in Economics but what matters right now is the fact that one indisputable anxiety of Nigerians now and until well beyond 2023 is the mountain of debt Buhari will certainly leave behind. There is a bit of silver lining in the dark clouds in our future. We have somebody – Okonjo-Iweala – who had got us out of the debt trap in the past. She did it once; she can do it again.

    For that reason alone, the best MAN to clean up the economic mess Buhari will certainly leave behind might be a WOMAN. But, other reasons suggest Madam Ngozi as the best choice after Buhari. Permit me to mention a few.

    She will solve three problems at once – ethnic, gender issues, rape and cost-effective government. Permit me to henceforth call her Ngozi. That is after all the American way – where we both attended universities and worked.

    For too long the issue of Igbo President has been on the top of our national agenda. Dr Alex Ekwueme, the founding father of the Peoples Democratic Party, PDP, was well on his way to clinching the party’s presidential ticket and would have won in 1999 if the military had not intervened to impose Olusegun Obasanjo. In my book PDP: CORRUPTION INCORPORATED, the facts are well detailed. Had the military not been short-sighted and allowed democratic processes within the PDP to select their candidate, they would have solved one problem lingering since the end of the Civil War for ever. Igbos would have been completely integrated into Nigeria and most of the wounds of the unfortunate war would have been healed. Ekwueme, the perfect gentleman and incorruptible, would also have strengthened democracy. We missed the boat in 1998/9 and we have been wandering in the wilderness ever since. Our thirty years journey to economic greatness has now become a 400 years torture under Buhari. We need a new leader with a different compass than one leading inexorably into financial abyss and oblivion. Ngozi provides us with a chance to solve the national problem once and for all.

    Simultaneously, she will also put behind us the issue of gender equity. Certainly, a female President needs not be told to pack her cabinet with brilliant women who can bring a fresh approach to management of public affairs. By and large men have failed us. It is time we give a woman a chance.

    Rape was deliberately separated from the broad issues of gender justice for the simple reason. It is a national problem largely because of the male citizens of Nigeria. If our male rapists stop committing it, 99.9 per cent of rapes will disappear. The little contributed by females will hardly make headlines. I strongly believe that men in power have been treating the sexual pandemic with the levity it does not deserve. A woman as President will work more closely with the lawmakers and judges to stiffen the penalties and make punishment more certain. Rape will become a minor crime within two years of her Presidency – because she has a personal stake in the outcome. Believe me.

    Cost-effective government starts from the Home Front (apologies to late Mrs Maryam Babangida). Female Presidents or Prime Ministers don’t have established Office of the First Husband – with all the waste and corruption attached to it. Start from there…..

    P.S. I have read statements from people who consider Igbo Presidency in 2023 impossible. My answer to them is simple. “You are not God”.

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  • ECOWAS endorses Okonjo-Iweala for WTO job

    ECOWAS endorses Okonjo-Iweala for WTO job

    The Economic Community of West African States (ECOWAS) has thrown its weight behind the candidature of former Minister of Finance, Dr. Ngozi Okonjo-Iweala for the top job of the World Trade Organisation (WTO).

    The regional body claimed that no African has assumed the position of Director-General of the Organisation since its creation on 1st January 1995.

    A statement by the Ministry of Foreign Affairs disclosed that the decision has the blessing of its highest body, the ECOWAS authority of Heads of States and Government.

    The body called on other African countries as well as non-African countries to endorse her candidature.

    The statement reads: “The Ministry of Foreign Affairs wishes to inform that the ECOWAS Authority of Heads of State and Government have endorsed the candidature of Dr. Ngozi Okonjo-Iweala for the position of Director-General of the World Trade Organization (WTO), for the period 2021-2025.

    “The apex body noted that since the creation of the WTO on 1 January 1995, which is a successor to the General Agreement on Tariffs and Trade (GATT) established on 1 January 1948, no African has assumed the position of Director-General of the Organisation.

    “The ECOWAS Authority of Heads of State and Government endorsed the Candidate of Nigeria noting “Her long years of managerial experience at the top echelons of multilateral institutions, her established reputation as a fearless reformer, her excellent negotiating and political skills, her experience of over 30 years as a Development Economist with a long standing interest in trade, her excellent academic qualifications, her positions as Managing Director World Bank, and currently as Board Chair Gavi, and AU Special Envoy to Mobilise Financial Resources for the fight against Covid19”.

    “The body also called on other African countries as well as non-African countries to endorse her candidature. “

  • Buhari nominates ex-two-term finance minister Okonjo-Iweala for DG, WTO

    Buhari nominates ex-two-term finance minister Okonjo-Iweala for DG, WTO

    President Muhammadu Buhari has approved the nomination of a former two-term Minister of Finance and former Managing Director (Operations) of the World Bank, Dr. Ngozi Okonjo-Iweala, for the position of Director-General of the World Trade Organisation (WTO).

    The nomination comes about three weeks after the incumbent, Mr. Roberto Azevêdo, announced that he would step down from the position on August 31, 2020, cutting his second term short by one year.

    The decision, according to Azevêdo, is to give his successor the time to work with WTO members to shape the strategic direction for the Twelfth Ministerial Conference (MC12) and beyond. The election is scheduled to hold in Geneva, Switzerland next year.

    However, in a leaked five-page document dated June 4, 2020, that was addressed to all embassies and permanent missions in Addis Ababa, the federal government also withdrew the candidacy of Yonov Frederick Agah, Nigeria’s permanent representative to WTO, for the same position.

    The document stated: “The embassy of the Federal Republic of Nigeria and permanent mission to the African Union (AU) and United Nations Economic Commission for Africa (UNECA) presents compliments to all embassies and permanent missions in Addis Ababa and has the honour to inform that the Federal Government of Nigeria has withdrawn the candidacy of Ambassador Yonov Frederick Agah for election to the position of Director-General of the WTO.

    “In this regard, the Mission also wishes to inform that his Excellency, President Muhammadu Buhari, has approved the nomination of Dr. Ngozi Okonjo-Iweala to replace Ambassador Agah, as Nigeria’s candidacy for the position of the Director-General of the WTO, for the term 2021-2025 at the elections scheduled to hold in Geneva, Switzerland in 2021.

    “Nigeria is, therefore, pleased to request the support of esteemed AU member states as well as permanent missions and embassies in Addis Ababa in favour of the candidacy of Okonjo-Iweala.”

    It described Okonjo-Iweala as a renowned global finance expert, an economist and international development professional with over 30 years of experience, having worked in Asia, Africa, Europe, Latin America, and North America.

    She is presently the Chair of the Board of GAVI, the Vaccine Alliance. Since its creation in 2000, GAVI has immunised over 760 million children across the globe. She also sits on the boards of Standard Chartered Plc and Twitter Inc. She was recently appointed African Union Special Envoy to mobilise international financial support in the fight against COVID-19, as well as Envoy for the World Health Organisation’s access to COVID-19 Tools Accelerator.

    The Managing Director of the International Monetary Fund (IMF), Ms. Kristalina Georgieva, also recently appointed Okonjo-Iweala, to serve as a member of her newly-established External Advisory Group.

    In addition, Okonjo-Iweala served twice as Nigeria’s Finance Minister, from 2003-2006, 2011-2015 and briefly as Nigeria’s Foreign Affairs Minister in 2006, the first woman to hold both positions.

    She had a 25-year career at the World Bank as a development economist, rising to the number two position of Managing Director (Operations).
    As Finance Minister, Okonjo-Iweala steered Nigeria through the varying degree of reforms, particularly on macroeconomic, trade, financial and real sector issues.

    As Managing Director (Operations) of the World Bank, her several portfolios included oversight responsibility for the World Bank’s $81 billion operational portfolio in Africa, South Asia, Europe, and Central Asia.

    Okonjo-Iweala spearheaded several World Bank initiatives to assist low-income countries during the 2008-2009 food crisis and later in the trying period of the global financial crisis.

    In 2010, she served as Chair of the World Bank’s successful drive to raise $49.3 billion in grants and low-interest credit for the poorest countries in the world.