Nigeria’s first female minister of finance, Ngozi Okonjo-Iweala has again hit another limestone as she emerges the First Female and African to Win the position of Director General of the World Trade Organization.
According to The Cable she polled 104 votes from 164 member countries to defeat her fellow contender, the South Korea’s trade minister, Ms Yoo Myung-hee at the final stage of the race.
Okonjo-Iweala has continued to make record since her appointment by the former President of Nigeria, Olusegun Obasanjo as the first female finance minister in 2003-2006 and 2011-2015. A two time tenure.
Ngozi Okonjo-Iweala, also became the first female and African candidate to contest for the Presidency of the World Bank Group in 2012. This is after she rose to the position of the Managing Director, Operations of the World Bank.
Her tentacles continue to spread and her well wishers continue to grow globally, due to her landmark achievments in the World Bank, Nigeria and other Global Organisations. Among her great achievement is the chairing 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.
The ex-minister spearheaded the negotiations with the Paris Club of Creditors, which led to the closure of $30 billion of Nigeria’s debt and the complete cancellation of $18 billion credit.
There’s no doubt that the World Trade Organization is set to experience a positive development from such a genius.