President Bola Tinubu has congratulated former Coordinating Minister for the Economy and Minister of Finance, Ngozi Okonjo-Iweala, on her reappointment as Director-General of the World Trade Organisation (WTO).

Naija News reported that Okonjo regained the position in a unanimous election on Friday.

In a statement through the Special Adviser to the President on Information and Strategy, Bayo Onanuga, Tinubu expressed delight that Okonjo-Iweala’s unanimous appointment for a second four-year term demonstrates the trust and confidence the international community places in her leadership to advance multilateral trade for sustainable global development.

Tinubu maintained that Okonjo’s continued leadership will strengthen the international economic organisation’s role as a critical pillar of inclusive global economic growth and good governance in the next four years.

The statement added, “President Bola Tinubu congratulates Dr Ngozi Okonjo-Iweala, former Coordinating Minister for the Economy and Minister of Finance, on her unanimous re-election today as the Director-General of the World Trade Organisation (WTO).

“The renowned development economist and global finance expert made history in 2021 as the first African and first woman to lead the 164-nation-member WTO.

“Her first term as the seventh Director-General of the WTO will expire on August 31, 2025, while the second term begins September 1. 

“As a committed member of the WTO, ECOWAS, and the African Continental Free Trade Area (AfCFTA), Nigeria will continue to support the WTO’s mission to foster a fair, inclusive, and equitable multilateral trading system.

“President Tinubu assures Okonjo-Iweala of Nigeria’s steadfast support as she consolidates her bold reforms, dedication to equitable global trade practices, and tireless efforts to promote international cooperation.”