Business
WTO DG: I am honoured, says Okonjo-Iweala, on selection
- Buhari, Atiku, others congratulate Okonjo-Iweala
Ngozi Okonjo-Iweala, the first female director-general of the World Trade Organisation (WTO), says she is honoured to have been selected as the one to lead the WTO.
“I am honoured to have been selected by WTO members as WTO Director-General,” Okonjo-Iweala said on Monday afternoon.
“A strong WTO is vital if we are to recover fully and rapidly from the devastation wrought by the COVID-19 pandemic. I look forward to working with members to shape and implement the policy responses we need to get the global economy going again.
“Our organization faces a great many challenges but working together we can collectively make the WTO stronger, more agile and better adapted to the realities of today.”
Okonjo-Iweala was appointed the DG on Monday after months of uncertainty at the trade body.
The WTO thanked the former minister for her graciousness and patience through the selection process.
“This is a very significant moment for the WTO. On behalf of the General Council, I extend our warmest congratulations to Dr Ngozi Okonjo-Iweala on her appointment as the WTO’s next Director-General and formally welcome her to this General Council meeting,” said David Walker, the General Council chair, said.
“Dr Ngozi, on behalf of all members I wish to sincerely thank you for your graciousness in these exceptional months, and for your patience.
“We look forward to collaborating closely with you, Dr Ngozi, and I am certain that all members will work with you constructively during your tenure as Director-General to shape the future of this organization,” he added.
Walker, who is from New Zealand worked together with co-facilitators Dacio Castillo (Honduras) and Harald Aspelund (Iceland) through the nine-month DG selection process.
Meanwhile, President Muhammadu Buhari has felicitated with Okonjo-Iweala, on her selection as WTO DG, bringing joy and more honour to the country.
The President says her track record of integrity, diligence and passion for development will continue to yield positive results and rewards to mankind.
Buhari affirmed that Okonjo-Iweala, who over the years set major records of economic reforms in Nigeria as Minister of Finance, and later Minister of Foreign Affairs, would excel in her new position and validate the global mandate of repositioning and strengthening the multilateral institution for the greater good of all.
The President joined family, friends and colleagues in wishing Dr Okonjo-Iweala well in her new endeavour.
Atiku Abubakar
Dr (Mrs) Ngozi Okonjo Iweala is a woman I know very well, because we worked at close quarters between 2003 and 2007, when she served in our administration in various capacities, most notably as finance minister.
It is not hyperbole when I say that no one could be more qualified for the job of Director General of the World Trade Organisation than her, and I congratulate her for her success at being the first female and African DG of the WTO.
She is an apostle of free trade and an astute manager of people and resources, and the world will be a much more prosperous place by her elevation to this enviable height.
As the world prepares to emerge from the global pandemic of COVID19, the planet needs a steady hand at the wheel, to drive global trade, and rebuild from the devastation wrought by the virus. We would not need someone who thinks they can pull this off. We would need someone who has actually and serially pulled it off before. And that person has emerged.
Ngozi, Africa and Nigeria are proud of you and my family and I are full of joy at your victory. Go to Geneva and make us proud, as we know you will.
Congratulations once again and may God bless your tenure.
President, European Central Bank – Christine Lagarde
Congratulations to my friend Ngozi Okonjo-Iweala on becoming the first female Director-General of the @wto.
I’ve known Ngozi for many years. Her strong will and determination will drive her to tirelessly promote free trade to the benefit of people worldwide.
As she prepares to lead the World Trade Organization (WTO), I congratulate Dr. Ngozi Okonjo-Iweala on her emergence as the next Director General.
I wish @NOIweala all the best in this new assignment, and hope that her tenure at the helm of the WTO helps to address some of the barriers that limit trade in Africa and other developing countries.
Bukola Saraki
I heartily rejoice with Dr Ngozi Okonjo-Iweala on her emergence as the first African and first female Director-General of the World Trade Organization (WTO).
I also congratulate Nigeria on the latest feat of its great daughter on the international stage and applaud President Muhammadu Buhari, whose unwavering commitment contributed to the acknowledgement of the sterling credentials of her and her ultimate triumph for the position.
Senate President Ahmad Lawan
With her latest feat, the former Nigerian Minister of Finance and Managing Director of the World Bank has again brought honour to Nigeria, Africa and women everywhere.
I pray for Almighty God to imbue her with good health and wisdom to succeed in the task just as I urge her to deploy her famed intellect, experience, energy and integrity in leading the WTO to promote global prosperity through fair trade.
Delta State Governor Ifeanyi Okowa
On behalf of all Deltans, I join all Nigerians in congratulating one of our most renowned citizens, Ngozi Okonjo Iweala, on her emergence as the next Director-General of the World Trade Organisation.
Over the years, we have all followed your growth and celebrated your noteworthy achievements. This is why, as you begin your new role at the helm of the WTO, I want you to know that you have the unwavering support of both your home state and your country!
Peter Obi
Dr (Mrs) Ngozi Okonjo-Iweala @NOIweala has always been a shinning star, not just in our country Nigeria, but across the world where her leadership impact has been felt.
Her appointment for this lofty position as DG @WTO has not come as a surprise to those of us who know her well. I am definitely sure she will perform creditably in her new assignment.
PDP
The party describes her emergence as victory for competence, global due process and consensus needed to pilot the activities of the world trade body, especially at this critical period in the history of the world’s economy.
The @OfficialPDPNig notes that the development has again brought honour to our nation adding that it is proud of Okonjo-Iweala as a product of the PDP administration, whose excellence as Nigeria’s minister of finance, under whom Nigeria achieved our debt relief and revamped to become one of the fastest growing economies of the world.
The party also recalled Dr. Okonjo-Iweala’s success as the Managing Director of the World Bank, where she also displayed her capacity to effectively handle global economy’s issues.
The @OfficialPDPNig commends international stakeholders, including President @JoeBiden-led United States Government for the strong support given to Okonjo-Iweala, which points to the commitment of all stakeholders towards global consensus and economic recovery.
The @OfficialPDPNig restates its charge to the new @wto Director General to redouble her effort in bringing to bear her wealth of experience and competence to the world body.
Reps Minority Caucus: Appointment reinforces global confidence in her
Minority Caucus of the House of Representatives has congratulated former Nigeria’s Minister of Finance, Dr. Ngozi Okonjo-Iweala, over her final confirmation as the Director General of the World Trade Organization (WTO).
The caucus in a statement by the Minority Leader, Hon. Ndudi Elumelu, on Monday, observed that the emergence of Okonjo-Iweala as DG of the world trade body in spite of all the opposing huddles, “has reinforced global confidence in her competence and proficiency to head the world body”.
He said, “Indeed, the election of Dr. Okonjo-Iweala to head the WTO is well-deserving, given her huge experience, competence, commitment and track record of performance in global finance and economy as evinced in her successes as Nigeria’s minister of finance, Managing Director of the World Bank and various other international development bodies.
“We commend the global community for having confidence in Dr. Okonjo Iweala and particularly, the United States President, His Excellency Joe Biden, for the unwavering support given to her by his administration, which is clearly in recognition of Dr. Okonjo-Iweala’s competence.
“In the same vein our caucus commends the understanding and spirit of sportsmanship exhibited by the South Korean trade minister, Yoo Myung-hee in withdrawing from the race; another loud testament to Dr. Okonjo-Iweala’s suitability for the task ahead.”
The lawmakers charged Dr. Okonjo Iweala to, as usual, hit the ground running and bring to bear her skills, connections and wealth of experience in the onerous task of leading the WTO at this trying period in the history of global economy.
The caucus however urged the new WTO DG to have a special focus on Africa and the developing world, particularly at this time of economic recession, which has been worsened by the adverse effect of the COVID-19 pandemic.
Business
FG gets fresh $134m loan from AfDB for agric projects
FG gets fresh $134m loan from AfDB for agric projects
The Federal Government has secured a loan facility of $134million from the African Development Bank (AfDB) to help farmers boost seeds and grain production in the country.
This is contained in a statement issued by Anthonia Eremah, Chief Information Officer, Ministry of Agriculture and Food Security, on Thursday, in Abuja.
Minister of Agriculture and Food Security, Sen. Abubakar Kyari, made his know at the unveiling of the 2024/2025 National Dry Season Farming in Calabar, Cross River State capital.
Kyari explained that with the re-introduction of the national dry season farming to boost year-round agricultural production, the loan would be handy and guarantee national food security in the country.
The minister said the initiative is under the National Agricultural Growth Support Scheme-Agro Pocket (NAGS-AP) Project.
He said the federal government had declared an emergency on food production to enable all Nigerians to get easy access to quality and nutritional food at affordable rates.
Kyari also said government wants to use the agricultural sector for national economic revival through increase in production of some staple food crops such as wheat, rice, maize, sorghum, soybean, and cassava during both dry and wet season farming.
He added that 107,429 wheat farmers were supported under phase 1 of the 2023/2024 dry season, and 43,997 rice farmers under the second phase of the 2023/2024 dry season.
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The minister said recently, government supported 192,095 rice, maize, sorghum/millet, soyabean and cassava farmers under the 2024 wet season across the 37 States including the FCT.
He said Cross River was leading 16 other states in wheat production, adding that over 3000 wheat farmers have been listed to benefit from the support to grow the grain.
Kyari noted the Cross River government’s commitment to wheat production.
He said it informed why the federal government is partnering with the state to kick start the maiden wheat production and enlisting them among states commencing the current 2024/2025 dry season farming.
“The 2024/2025 dry season farming, the project is targeted to support 250,000 wheat farmers across the wheat-producing states with subsidised agricultural inputs.
“This is to cultivate about 250,000 hectares with an expected output of about 750,000 metric tonnes of wheat to be added to the food reserve to reduce dependence on importation of the product and also increase domestic consumption.
“Equally the programme will provide support to 150,000 rice farmers under the second phase to cover all the 37 states, including FCT, with an expected output of about 450,000 metric tonnes,” he said.
FG gets fresh $134m loan from AfDB for agric projects
(NAN)
Auto
Chery relishes impactful presence at 2024 Lagos Trade Fair, says it’s a resounding success
Chery relishes impactful presence at 2024 Lagos trade fair, says it’s a resounding success
Days after one of the biggest trade shows in Nigeria ended, talks about the spectacular displays, special products on offer and which companies did what at the 2024 Lagos International Trade Fair are still reverberating in the business industry in and around the nation’s commercial capital.
After staging one of the most outstanding displays at the fair, Carloha, sole representative of Chery vehicles in Nigeria, has declared that the 2024 Lagos International Trade Fair was a resounding success for Chery.
The fair held from November 1 to November 10 at Tafawa Balewa Square (TBS) in Lagos was attended by businesses from various sectors.
Chery made a commanding impression with a display of its array of vehicles that captivated attendees.
Chery’s lineup at the place featuring the Tiggo 8 Pro, Tiggo 4 Pro, Tiggo 2 Pro, and Arrizo 5 — easily became the highlight of the event, drawing admiration from automotive enthusiasts and industry experts alike.
Carloha Nigeria in its assessment of the show notes that the enthusiastic response from attendees reflected Chery’s alignment with the values of Nigerian consumers: durability, efficiency and style.
Indeed, it says the presence of Chery at the fair reinforced the brand’s status as a leader in innovative and high-quality vehicles.
“Chery’s presence at the fair signals its commitment to supporting Nigeria’s automotive industry growth,” it states, adding that the brand looks forward to continuing its journey with Nigerians seeking reliable and stylish vehicles that elevate their everyday driving experience.
Chery showcased the unique strengths and aesthetics of each of its models, with the Tiggo 8 Pro taking centre stage.
Tiggo 8 Pro
Known for its luxurious design and cutting-edge technology, the Tiggo 8 Pro made a lasting impact on attendees looking for a blend of sophistication and performance in an SUV.
Auto enthusiasts and prospective buyers were particularly captivated by the model’s spacious interior, high-quality finishes, and suite of intelligent features, which align with Chery’s reputation for engineering excellence.
Tiggo 4
For those interested in compact SUVs with versatility and style, the Tiggo 4 Pro was an instant hit.
Its sleek design, fuel efficiency, and advanced safety features resonated with visitors seeking a reliable yet stylish vehicle for urban and adventurous lifestyles alike.
The Tiggo 4 Pro’s appeal lies in its balance of form and function, and this resonated with young professionals, families, and automotive aficionados who stopped by Chery’s exhibit for a closer look.
Tiggo 2 Pro
The Tiggo 2 Pro also attracted significant attention at the fair.
Known as a stylish, compact SUV with a bold, urban design, the Tiggo 2 Pro struck a chord with those looking for a vehicle that combines affordability with aesthetic appeal and performance.
Its smaller size, combined with a powerful engine, makes it an ideal choice for city driving, and visitors were impressed by its efficient fuel consumption and user-friendly tech features, making it a perfect fit for Nigeria’s dynamic city life.
Arrizo 5
Arrizo 5, Chery’s stylish sedan that combines efficiency with cutting-edge technology, was part of the impressive lineup.
Many attendees were taken aback by the Arrizo 5’s seamless integration of petrol and CNG technology.
This appeals to those looking for sustainable and budget-friendly commuting options.
The sedan’s advanced safety features, plush interiors, and fuel efficiency made it a strong contender for those prioritizing both style and sustainability in a vehicle.
This year’s Lagos International Trade Fair saw an unprecedented turnout, with thousands of visitors exploring the diverse offerings from local and international brands.
Chery’s display not only highlighted the brand’s innovative automotive designs but also underscored its commitment to Nigeria’s automotive market.
The foot traffic at the Chery stand was a testament to the brand’s growing appeal, as well as Nigeria’s evolving automotive landscape, where demand for high-quality, dependable vehicles continues to rise.
Engagement with visitors
Beyond showcasing vehicles, Chery’s team engaged with visitors to explain the unique benefits of each model and answer questions.
This helped create a personal and informative experience for everyone who stopped by.
From live demonstrations to interactive sessions, Chery provided an immersive experience that helped attendeesj job understand the full scope of features each model offers, strengthening the brand’s connection with potential customers and automotive enthusiasts.
Carloha’s Sales Director, Mr. Joseph Omokhapue, says to make Chery ownership easy and affordable, highlighted their exclusive offers: a 6-year free service plan, 6-year/200,000 km warranty, and flexible auto financing options.
“These benefits are at the core of Carloha’s commitment,” he said, adding, “With fair pricing, nationwide 24/7 parts and service support, our customers can enjoy their Chery vehicles with complete peace of mind.”
Railway
NRC increases trips on Abuja-Kaduna route from four to six
NRC increases trips on Abuja-Kaduna route from four to six
The Nigerian Railway Corporation (NRC) has announced an increase in the number of trains on its Abuja-Kaduna Train Service (AKTS) route in response to rising demand based on its customer feedback.
A statement signed by the NRC Deputy Director of Public Relations, Yakub Mahmood, on Wednesday, said the number of trains had been increased to six from four, running Monday to Friday during peak periods.
This development, it added, aimed to enhance customer satisfaction by making commuting more convenient and accessible on the route as well as tackling complaints of ticket racketeering.
The statement quoted the acting Managing Director of the NRC, Ben Iloanusi, as saying that a five-month trend analysis revealed a 22 per cent increase in new passengers registering on the ticketing platform for the Abuja-Kaduna route.
The surge, he said, showed a growing preference among Nigerians for train travel as a comfortable, reliable, and safe commuting option.
The statement read, “The Nigerian Railway Corporation, reaffirming its commitment to responding to customer demands, improving customer satisfaction, and tackling complaints of ticket racketeering, has increased the number of train services from four to six from Monday to Friday when demand tends to peak on its AKTS route.”
The NRC also noted that similar trends had been observed on the Lagos-Ibadan, Warri-Itakpe, and Port Harcourt-Aba routes, with efforts already underway to enhance services along these routes as well.
The acting MD assured Nigerians of the increased presence of NRC senior management across all train service routes to drive continuous efficiency and tackle the issue of ticket racketeering head-on.
“Our valued customers are encouraged to use NRC ticket platforms online to take advantage of the increased services and avoid patronising ticket racketeers.
“Additional information can be obtained from the NRC website, www.nrc.gov.ng,” it stated.
The expanded services on the Abuja-Kaduna route, it said, followed similar enhancements on the Lagos-Ibadan route, which now includes additional trips on Fridays and Saturdays to accommodate increasing demand.
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