Editorial

WTO: Congrats, Okonjo-Iweala!

Published

5 years ago

March 3, 2021

History was made on Monday, February 15, 2021, when Nigeria’s former Finance and
Foreign Affairs Minister, Dr Ngozi Okonjo-Iweala, emerged as the Director-General (DG) of the World Trade Organisation (WTO) through a consensus agreement of the General Council of the Organisation. By this appointment, she became the first African and the first woman to clinch the position.
No doubt, Okonjo-Iweala’s appointment has elicited pride among Nigerians, Africans and women worldwide. She overcame stiff competition from an initial field of eight candidates, including another female, Yoo Myung-hee, the South Korean backed by the United States during ex-President Donald Trump’s administration. As she assumes office, her renewable term will expire on August 31, 2025.
The WTO is a global multilateral international organisation that promotes, monitors and adjudicates international trade. Along with regional and bilateral arrangements, the WTO shapes the overall expectations and practices of states regarding international trade. WTO was established in 1995 as a successor organisation to the General Agreement on Tariffs and Trades (GATT), which was created in 1947 to facilitate freer trade on a multilateral basis.
Okonjo-Iweala deserves all the encomiums. We salute her courage to dare and also admire her success despite the strong opposition initially from powerful forces within the organisation. She is not new to exalted and tasking positions having served at the World Bank; chairperson of the board of Global Alliance for Vaccine and Immunisation (GAVI) and also served in the board of Standard Chartered Bank. She was also selected to join the board of Twitter in June 2018.
Her antecedent as a negotiator speaks volumes of her capacity to navigate the affairs of WTO and deliver on her mandate for member-countries. With her leadership of the WTO, Nigeria stands at the threshold of history not only for the woman who has become the first female and African director-general of the global organisation but a unique opportunity for the country to get back to its glorious days of non-oil exports such as cocoa, palm oil, groundnut, coal, etc.
Figures from the National Bureau of Statistics (NBS) show that revenue from the non-oil export has continued to dwindle and faced with huge uncertainty. In Q4, 2019, for instance, non-crude oil exports were reported at N1.1413 trillion or 23.9 per cent of total trade, and N1.1383 trillion, representing 27.9 per cent of total exports as of Q1, 2020. But by September 2020, non-crude exports had slumped to just N154.578 billion from N185.734 billion as of August of 2020.
An indication of her prowess was demonstrated when, as a finance minister during Olusegun Obasanjo’s presidency, she negotiated the cancellation of Nigeria’s foreign debts. She also led reforms that enhanced transparency of government accounts and strengthened institutions against corruption, including the implementation of the Government Integrated Financial Management System (GIFMS), the Integrated Personnel and Payroll Information System (IPPIS) and the Treasury Single Accounts (TSA).
But it is pertinent for us to point out to the new DG that there is much work to do at WTO. With challenges arising from the Covid-19 pandemic, US-China stand-off, among other matters that may arise, Okonjo-Iweala certainly has a lot on her plate. However, we believe that she can rise to the occasion. As part of her first steps forward, she is expected to swiftly demonstrate her capacity to unite countries whose relationships have been strained due to ‘bad blood’ engendered mainly during Trump’s government.
As the trade organisation plans to have its first ministerial conference under her regime, it is most likely she will be saddled with intense responsibility to prove, between now and December 2021, when the meeting will hold, that she is indeed the expected ‘messiah,’ especially as WTO has existed without a director-general since Roberto Azevedo left. She must replicate her unblemished traits in her new task.
She must move to ensure a successful and inclusive undertaking of multilateral negotiations which had been pending for 25 years and desist from being seen as a tool of the superpowers. Most importantly, Okonjo-Iweala must ensure that the interests of developing economies, especially those of Nigeria and Africa are taken along, mainly now that the African Continental Free Trade Agreement (AfCFTA) has come on stream. Thirty-one members have signed up.
The sad reality is that international trade — transactions in goods and services between countries — is heavily skewed against developing countries. Getting out of the rut requires grit and creative policies. Okonjo-Iweala will need to tap from her diplomatic skills from her time at the World Bank, where she was once managing director, to curb the propensity of rich nations violating the rules while coercing Third World countries to abide.
We commend President Joe Biden of the United States of American (USA) for significantly withdrawing his country’s objection to the emergence of Okonjo-Iweala as DG of the trade organisation. Biden’s position indicates a shift and an important turnaround in the relations between Africa and the US. The Nigerian President, Muhammadu Buhari, is equally lauded for being in the vanguard of the campaign for the emergence of the former finance minister.
There is no doubt that Okonjo-Iweala will once again make Nigerians proud by re-enacting her track record of achievements at the WTO and thus open new opportunities and goodwill for more Nigerians to be given the privilege to serve on the global stage. We join world leaders to congratulate the colossus as she assumes duty and wish her a fruitful and memorable tenure.

Editorial

No To Political Office Holders’ Salary Hike

Published

24 hours ago

September 22, 2025

Uchechukwu Okwum

Nigeria’s Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has unveiled a gratuitous proposal to increase the salaries of political and public office holders in the country. This plan seeks to fatten the pay packets of the president, vice-president, governors, deputy governors, and members of the National and State Assemblies. At a time when the nation is struggling to steady its economy, the suggestion that political leaders should be rewarded with more money is not only misplaced but insulting to the sensibilities of the ordinary Nigerian.

What makes the proposal even more opprobrious is the dire economic condition under which citizens currently live. The cost of living crisis has worsened, inflation has eroded the purchasing power of workers, and the naira continues to tumble against foreign currencies. The majority of Nigerians are living hand to mouth, with many unable to afford basic foodstuffs, medical care, and education. Against this backdrop, political office holders, who already enjoy obscene allowances, perks, and privileges, should not even contemplate a salary increase.

It is, therefore, not surprising that the Socio-Economic Rights and Accountability Project (SERAP) has stepped in to challenge this development. SERAP has filed a lawsuit against the RMAFC to halt the implementation of this salary increment. This resolute move represents a voice of reason and accountability at a time when public anger against political insensitivity is palpable. The group is rightly insisting that the law must serve as a bulwark against impunity.

According to a statement issued by SERAP’s Deputy Director, Kolawole Oluwadare, the commission has been dragged before the Federal High Court in Abuja. Although a hearing date remains unconfirmed, the momentous step of seeking judicial redress reflects a determination to hold those in power accountable. SERAP has once again positioned itself as a guardian of public interest by challenging an elite-centric policy.

The case, registered as suit number FHC/ABJ/CS/1834/2025, specifically asks the court to determine “whether RMAFC’s proposed salary hike for the president, vice-president, governors and their deputies, and lawmakers in Nigeria is not unlawful, unconstitutional and inconsistent with the rule of law.” This formidable question goes to the very heart of democratic governance: can those entrusted with public resources decide their own pay rises without violating the constitution and moral order?

In its pleadings, SERAP argues that the proposed hike runs foul of both the 1999 Nigerian Constitution and the RMAFC Act. By seeking a judicial declaration that such a move is unlawful, unconstitutional, and inconsistent with the rule of law, the group has placed a spotlight on the tension between self-serving leadership and constitutionalism. To trivialise such an issue would be harum-scarum, for the constitution remains the supreme authority guiding governance.

We wholeheartedly commend SERAP for standing firm, while we roundly condemn RMAFC’s selfish proposal. Political office should never be an avenue for financial aggrandisement. Since our leaders often pontificate sacrifice to citizens, urging them to tighten their belts in the face of economic turbulence, the same leaders must embody sacrifice themselves. Anything short of this amounts to double standards and betrayal of trust.

The Nigerian economy is not buoyant enough to shoulder the additional cost of a salary increase for political leaders. Already, lawmakers and executives enjoy allowances that are grossly disproportionate to the national average income. These earnings are sufficient not only for their needs but also their unchecked greed. To even consider further increments under present circumstances is egregious, a slap in the face of ordinary workers whose minimum wage remains grossly insufficient.

Resources earmarked for such frivolities should instead be channelled towards alleviating the suffering of citizens and improving the nation’s productive capacity. According to United Nations statistics, about 62.9 per cent of Nigerians were living in multidimensional poverty in 2021, compared to 53.7 per cent in 2017. Similarly, nearly 30.9 per cent of the population lives below the international poverty line of US$2.15 per day. These figures paint a stark picture: Nigeria is a poor country by all measurable standards, and any extra naira diverted to elite pockets deepens this misery.

Besides, the timing of this proposal could not be more inappropriate. At a period when unemployment is soaring, inflation is crippling households, and insecurity continues to devastate communities, the RMAFC has chosen to pursue elite enrichment. It is widely known that Nigeria’s economy is in a parlous state, and public resources should be conserved and wisely invested. Political leaders must show prudence, not profligacy.

Another critical dimension is the national debt profile. According to the Debt Management Office, Nigeria’s total public debt as of March 2025 stood at a staggering N149.39 trillion. External debt obligations also remain heavy, with about US$43 billion outstanding by September 2024. In such a climate of debt-servicing and borrowing to fund budgets, it is irresponsible for political leaders to even table the idea of inflating their salaries further. Debt repayment, not self-reward, should occupy their minds.

This ignoble proposal is insensitive, unnecessary, and profoundly reckless. It should be discarded without further delay. Public office is a trust, not an entitlement to wealth accumulation. Nigerians deserve leaders who will share in their suffering, lead by example, and prioritise the common good over self-indulgence. Anything less represents betrayal of the social contract and undermines the fragile democracy we are striving to build.

Editorial

No To Political Office Holders’ Salary Hike

Published

1 day ago

September 22, 2025

The Tide

Editorial

Rivers’ Retirees: Matters Arising

Published

2 weeks ago

September 8, 2025

The Tide

The Rivers State Government deserves commendation for the manner in which it conducted the last biometric exercise for pensioners in the state. For the first time in many years, the verification process was not only efficient but also humane, a development that has brought relief to a category of citizens that often bears the brunt of neglect.

Unlike previous verification exercises that left pensioners exhausted and unattended, the latest exercise set a refreshing precedent. Retirees were given proper and sumptuous meals, and in addition, the government paid the sum of N10,000 into their accounts to cushion their transportation costs. Such gestures go a long way in demonstrating that those who had laboured for the state are not forgotten in their twilight years.

The measure was particularly necessary given that some pensioners had to travel long distances to reach their verification centres. For elderly men and women, such journeys come with physical and financial strain. By recognising these realities and easing the burden, the government has shown that pensioners deserve dignity, not disdain.

Beyond this laudable act of consideration, the authorities must reflect on the very structure of pension verification. The era of compelling retirees to be physically present for routine verification should be reconsidered. With digital tools and innovation, the government can adopt systems that capture and confirm data without the stress of physical assembly. This is crucial for pensioners residing in other states or even abroad.

While we acknowledge the importance of verification in cleaning up pension records, we cannot ignore the darker side of the matter. It is regrettable that some allowances continue to be paid to deceased pensioners, with relatives fraudulently collecting the funds. The latest biometrics, thankfully, exposed some of these sharp practices. The exercise, therefore, is not only about order but also about justice.

We urge families of deceased pensioners to be patriotic enough to inform the government of the deaths of their loved ones. It is deeply shameful that in some instances, individuals attempted to impersonate late pensioners during the biometrics. Such behaviour undermines the spirit of honesty and deprives genuine retirees of their due entitlements.

The exercise also revealed another important area of concern: the health of pensioners. It is reassuring to learn that the state government has reportedly promised to take over the medical treatment of some retirees who arrived for the biometrics in critical condition. This is a step in the right direction. Elderly citizens, after years of service, should have access to special health care facilities in the state. Setting aside hospitals or designated centres for the aged is not just desirable but necessary.

While pension payments in Rivers State have remained consistent, attention must now be directed towards gratuities. Senior citizens deserve to receive their retirement benefits without the bureaucratic hitches that have often marred the process. After years of loyal service, nothing is more demoralising than to see retirees languish for want of their gratuities. Every worker, as Scripture reminds us, is worthy of his wage.

Retirement, in any civilised society, should not be reduced to a sentence of suffering. In dealing with pensioners, government must consistently wear a human face. The humane manner displayed during this verification exercise should not be a one-off. It must become the norm in all dealings with retirees. Measures must continually be put in place to ensure that they do not feel abandoned by the state they served.

One welcome innovation has already been introduced. The Sole Administrator of Rivers State, Vice Admiral (Rtd) Ibok-Ete Ekwe Ibas, has altered the method of gratuity payment. Pensioners now receive their monies directly into their bank accounts, eliminating the cheque-based system that for years served as fertile ground for corruption. This reform is both pragmatic and forward-looking. Similarly, the implementation of the N32,000 pension harmonisation is also commendable.

Direct payments gratuities ensure transparency and drastically reduce the possibility of diversion of funds. More importantly, they restore confidence in the system and assure pensioners that their entitlements will reach them without interference. In this way, the government has not only safeguarded the process but also upheld the principle of accountability.

Seamless gratuity payment has a ripple effect on the workforce as a whole. When workers are confident that retirement will not plunge them into hardship, the temptation to falsify age in order to remain in service is eliminated. Such reforms, therefore, enhance efficiency, honesty, and productivity in the public service.

In sum, the Rivers State Government has struck a refreshing chord in its handling of pension verification. It has shown empathy, innovation, and accountability. However, the momentum must be sustained, and the focus must shift towards modernising verification methods and prioritising retirees’ welfare in health, gratuity, and dignity.

When retirees are treated with compassion and fairness, the message to those still in service is clear: faithful service to the state will not go unrewarded. The humane verification exercise, though a single event, offers a hopeful glimpse of what governance can look like when people, especially the elderly, are placed at the heart of policy.