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WTO DG: Nigerians Blast US’ Veto Against Okonjo-Iweala …We’ll Engage US Govt Despite Stance, FG Assures

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Nigerians have criticised the President Donald Trump-led United States administration for opposing Dr Ngozi Okonjo-Iweala as the consensus candidate for the post of director-general of the World Trade Organisation.
Many Nigerians had expressed delight when key WTO ambassadors led by New Zealand’s Amb David Walker proposed Okonjo-Iweala as the best candidate for the job.
However, while most of the 164 member states that comprise the WTO supported the former Nigerian finance minister to take up the role, the US delegation opposed the move, saying it supported South Korean Trade Minister, Yoo Myung-hee instead.
In a statement opposing the Nigerian, the Office of the US Trade Representative, which advises President Donald Trump on trade policy, said the organisation “must be led by someone with real, hands-on experience in the field”.
The statement said Ms Yoo had “distinguished herself” as a trade expert and “has all the skills necessary to be an effective leader of the organisation”, the statement said.
It added: “This is a very difficult time for the WTO and international trade. There have been no multilateral tariff negotiations in 25 years, the dispute settlement system has gotten out of control, and too few members fulfill basic transparency obligations. The WTO is badly in need of major reform.”
Reacting, some Nigerians likened the US opposition to that encountered by African Development Bank chief, Akinwumi Adesina, who also faced intense hostility from the Trump administration in Washington before his re-election.
The breakthrough of Adesina, has, however, been a source of hope for many who want the former World Bank director to become the first African and first female director-general in the 25-year-old history of the global trade organisation.
Popular journalist, Dele Momodu, said on a TV programme this morning, “It is very unfortunate. I don’t know why the US is always opposing Nigeria’s candidates but I believe the other countries will stand up against the bullying of America.
“Dr Ngozi Okonjo-Iweala is one of the brightest, not only on the continent but in the world. I look forward to congratulating her as soon as possible.”
Below are some reactions: “I love Donald Trump and I want him to win the presidential election on November 3rd. I believe he is the best for…”, Femi Fani-Kayode said, yesterday.
Akin Akinsehinwa stated, “The US should just let Nigeria be. The US made frantic efforts to block the re-election of Dr Akinwumi Adesina but God put it to shame. The same God is still on His throne. So, the US should expect another round of disgrace.”
Hephzibah Suobo said, “Is the WTO a property of one country or all its members? She already had the majority of the votes out of 164 states. She can’t be stopped.”
Reacting to her nomination, Okonjo-Iweala insisted that she has enough experience on trade to lead the desired reform in the organisation.
Okonjo-Iweala said that her broad experience in championing reform made her the right person to help put the WTO back on track.
“I am a reform candidate and I think the WTO needs the reform credentials and skills now”, she argued.
The former Nigerian finance minister, said that she remains positive of becoming the first African and first female director-general of the World Trade Organisation despite ‘hiccups’.
“We move on to the next step on November 9, despite hiccups. We’re keeping the positivity going!”
Meanwhile, the Federal Government has said that it was working with relevant stakeholders to secure United States’ support for Ngozi Okonjo-Iweala’s bid of becoming the new World Trade Organisation’s Director General.
A statement, yesterday by the spokesperson of the Ministry of Foreign Affairs, Ferdinand Nwonye, in Abuja, said “The candidate from Nigeria, Dr. Ngozi Okonjo-Iweala has secured the support of majority of the member countries but is yet to be declared and returned the winner. This is because apart from winning the election, all the 164 Member States of WTO were expected to adopt the winner by consensus, in accordance with the rule of procedure of the WTO. It is important to highlight that Dr. Okonjo-Iweala has secured cross-regional backing with only the United States opposing the consensus.
“Nigeria will continue to engage relevant stakeholders to ensure that the lofty aspiration of her candidate to lead the World Trade Organization is realised,” he said.
In the meantime, the WTO has called a meeting on November 9 – after the US presidential election – to discuss the issue.
WTO spokesman, Keith Rockwell, told reporters that there was likely to be “frenzied activity” to secure a consensus for Ms Okonjo-Iweala’s appointment.

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FG Targets Production Of Locally Made Vehicles By Dec

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The Minister of Industry, Trade and Investment, Dr Doris Uzoka-Anite, has affirmed that Nigeria now has the capacity and materials to manufacture Made-In-Nigeria cars for local use and export.
With the enabling environment being provided by the government, she said manufacturers should be held responsible if the cars are not rolling out by December 2024.
Currently, Nigeria produces less than 10 per cent of the vehicles used in the country.
Last year, Nigeria’s vehicle assembling industry, estimated to be worth around N302billion, tanked to a new low due to increasing production costs and weakened demand for locally assembled automobiles.
According to the Manufacturers CEOs Confidence Index, activities of motor vehicles and miscellaneous assembly deteriorated further below the benchmark (50 points) from 48.6 to 46.7 points.
But speaking at the Automotive Component Manufacturers meeting in Abuja, she noted that the automobile industry is faced with both challenges and opportunities.
A statement issued last Friday by the Director of Information and Public Relations, Adebayo Thomas, said, “In a significant move aimed at fostering sustainable growth and development in Nigeria’s automobile industry, the Federal Government has issued a clarion call to all stakeholders, including manufacturers, dealers, regulatory bodies, and other players in the automobile ecosystem.
“The call comes as part of a broader strategy to enhance the sector’s contribution to the nation’s economy.”
Encouraging the stakeholders to key into the Nigerian Automotive Development Policy, the Minister said, “As far as we are concerned, the auto industry is now set to go.
“We are counting on all stakeholders to make that happen. If we do not produce made-in-Nigeria cars before the end of this year (December), it will be your fault, because I am sitting down here giving you all the assurances that this administration has created the enabling environment to make sure that the auto policy kicks off.”
Anite emphasised the need for collaboration among manufacturers, dealers, regulatory bodies, and other players in the automobile ecosystem, saying by working together, they can address challenges, streamline processes, and drive innovation.
She also urged stakeholders to maintain high-quality standards across the board, including vehicle manufacturing, safety features, emissions control, and after-sales services.
Stringent adherence to quality, she said, will boost consumer confidence and attract investment.
The minister assured all that the government would continue to encourage increased investment in research and development, adding that, innovations in electric vehicles, fuel efficiency, and alternative energy sources are critical for long-term sustainability.
On local content, she also emphasised the importance of promoting local content by sourcing materials and components locally.
By doing this, she said, the sector can create jobs, reduce import dependency, and contribute to economic diversification
In his introductory comments, the ministry’s Permanent Secretary, Nura Rimi, emphasised the significance of team action and shared vision as outlined in the Nigerian Automotive Development Policy.
He also urged stakeholders that the country “will overcome obstacles and unleash the full potential of Nigeria’s automotive component sector.”
He encouraged NADDC and other stakeholders to use the chance to form alliances, explore new areas of collaboration, and devise ways to catapult the automotive components manufacturing industry to new heights of success.
The statement added, “The government’s charge underscores the pivotal role stakeholders play in shaping its trajectory. Their commitment to sustainable practices will drive Nigeria’s automotive sector towards a brighter and more prosperous future.
“Environmental Responsibility: Stakeholders are reminded of their environmental responsibilities. Sustainable practices, recycling, and eco-friendly manufacturing processes are essential for a greener future.”

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Waive Tax On Electronic Imports, Women Engineers Appeal To Tinubu

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The Association of Professional Women Engineers of Nigeria (APWEN), Lagos Chapter, has called on President Bola Tinubu to exempt the importation of electronic components from taxation for inventive engineers.
Chairman of APWEN, Ms Atinuke Owolabi, said this a in statement yesterday in Lagos, in commenration of the 2024 World Creativity and Innovation Day, with the theme: “Step Out and Innovate”.
The Tide source reports that World Creativity and Innovation Day is a global UN Day, celebrated on April 21, to raise awareness about the importance of creativity and innovation in problem solving.
This is with respect to advancing the United Nations’ sustainable development goals, also known as the global goal.
Owolabi explained that such a measure would significantly enhance technological progress, support local innovators, and elevate Nigeria as a leading hub for innovation globally.
She stated that in a world marked by dynamic challenges and unprecedented opportunities, creativity and innovation stand as the driving forces behind progress and transformation.
According to her, women engineers recognise the critical role that innovation plays in shaping our societies and driving sustainable development.
”On this occasion, we affirm our commitment to fostering a culture of creativity and innovation within our organisation and the broader engineering community.
”Together, let us step out, innovate, and inspire the next generation of women engineers to reach even greater heights of achievement and impact.
”We believe that by stepping out of our comfort zones and embracing new ideas, technologies, and approaches, we can unlock innovative solutions to the complex challenges facing our world today,” she said.
According to her, the theme: ‘step out and innovate’, serves as a call to action for women engineers everywhere to break barriers, challenge conventions.
She noted that it would also pioneer groundbreaking solutions that would propel them toward a brighter and more sustainable future.
Owolabi disclosed that in celebration of the World Creativity Day, APWEN Lagos had inaugurated an artificial intelligence club tailored for female engineering students and young engineers.
She said that the proactive initiative aimed to inspire and equip young engineers with cutting-edge technological insights.
Th chairman said, “Additionally, we already have a 200-capacity hall to set up a resource, technology, and innovation hub to empower women and girls in engineering.
”This endeavour serves as a catalyst for encouraging aspiring female engineers to embrace innovation and stay abreast of emerging trends in the field.
”APWEN Lagos stands united in its dedication to promoting diversity, inclusivity, and excellence in engineering.
“We encourage all female engineers to seize this opportunity to unleash their creativity, explore new frontiers, and make an indelible mark on the world.”

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Pan-Igbo Group Hails Dangote Group For Reducing Diesel Price

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A pan-Igbo group, Ndigbo Unity Forum (NUF), has commended the Chairman of the Dangote Group, Alhaji Aliko Dangote, and his management for reducing the price of diesel from N1,600 to N,1000 per litre.
The Tide’s source reports that diesel is the major fuel used by heavy duty vehicles and generating sets to transport goods as well as run industries across the country.
The President of NUF, Mr Augustine Chukwudum, told The Tide’s source in Enugu, yesterday, that Dangote’s timely response to suffering masses of Nigerians, going through hell to get a meal a day, “is highly commendable”.
According to Chukwudum, Nigerians need to appreciate the patriotism of Dangote since what he has done will go a long way in reducing prices of goods, especially food stuff which has gone out of the reach of the poor.
He called on Nigerians, who wish and pray always for the betterment of the country, to appreciate and thank God for answering their prayer through Dangote’s move.
“It is clear that if Dangote Refinery starts fully and gets all the crude oil needed from Nigeria, the prices of petrol, kerosene and diesel will further reduce.
“We commend President Bola Tinubu for being a listening President and supporting the Dangote Group on our crude oil needs.
“We appeal to Tinubu to encourage Dangote by providing the company with crude oil at a reduced rate as we have been demanding,” he said.
Chukwudum said that this move and subsequent further reduction, would bring industries in comatose back to life, jobs created for unemployed youths and reduction in crime as well.
“We call on governors of oil-producing Anambra, Imo and Abia States to bring investors, who shall build refineries in each of the states to refine thousands of barrels of crude in commercial quantities,” he said.

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