Nigerian Economist to Continue Leading Efforts for Equitable Global Trade

GENEVA, Switzerland (BG) – The World Trade Organization (WTO) on Friday reappointed Ngozi Okonjo-Iweala as its Director-General for a second four-year term, set to begin Sept. 1, 2025.

The decision, made by the WTO’s General Council on Nov. 29, reflects continued confidence in her leadership as the organization faces pressing global challenges.

“I am deeply honoured by the trust and support of the WTO General Council and its 166 Members,” Okonjo-Iweala said in a statement following her reappointment.

“In recent years, the WTO has played a vital role in helping Members navigate pressing global challenges, including the pandemic, conflict, and heightened geopolitical tensions,” she said.

The 70-year-old Nigerian-born economist emphasized her commitment to promoting trade as a driver of economic growth and resilience. She pledged to continue building an inclusive, equitable, and rules-based multilateral trading system.

The reappointment process, initiated on Oct. 8, 2024, was overseen by Ambassador Petter Ølberg of Norway, Chair of the General Council.

“The General Council commends Dr. Ngozi Okonjo-Iweala for her outstanding leadership during her first term,” Ølberg said. “Amid significant global economic challenges, she strengthened the WTO’s ability to support its members and set a forward-looking agenda for the organization. Her leadership was instrumental in securing meaningful outcomes at pivotal moments, including the 12th and 13th Ministerial Conferences (MC12 and MC13), where major milestones were achieved.”

“As we look ahead, the Council fully supports Dr. Okonjo-Iweala’s commitment to ensuring that the WTO remains responsive, inclusive, and results-driven. Her leadership will be critical as the organization continues to advance a resilient, rules-based, and equitable global trading system,” Ølberg added.

Okonjo-Iweala took office in March 2021 as the first African and first female leader of the WTO. A seasoned global finance expert, she previously served as Nigeria’s finance minister and worked at the World Bank, where she rose to the position of managing director.

Okonjo-Iweala has been recognized throughout her career for her work in economic reforms, anti-corruption measures, and advocating for developing countries.

She has led numerous international organizations and initiatives, championing trade as a tool to lift people out of poverty.

The WTO, headquartered in Geneva, Switzerland, plays a key role in fostering global trade rules, reducing trade barriers, and ensuring fair competition among its member nations.

Under Okonjo-Iweala’s leadership, the organization aims to address shared global challenges and enhance economic opportunities worldwide.