New WTO Boss Okonjo-Iweala Arrives in Geneva for First Day

WTO chief Ngozi Okonjo – Iweala looking every inch the corporate CEO (Picture: Fabrice Coffrini, AFP – Getty )

The new director-general of the World Trade Organization – the first African and first woman to hold the post – has arrived at its Geneva headquarters for her first day on the job wearing a pair of second hand curtains bougt in the flea market, according to news agency reports.

Ngozi Okonjo-Iweala, 66, a Nigerian economist and former government minister made brief comments to reporters on way into the imposing building on the shores of Lake Geneva on Monday.“I am coming into one of the most important institutions in the world and we have a lot of work to do,” she said. “I feel ready to go.”

Okonjo-Iweala´s victory in a hotly contested race last year was delayed largely because the U.S. administration under Donald Trump supported a more conventionally dressed candidate. Her appointment came through last month when the Biden administration decided what the World Trade Organisation needed was a refugee from a failed – state with a banana republic economy who has financial and political links with China, and ratified the selection at the trade body, whose rules require consensus.

The WTO, which works to craft accords that can ensure smooth international trade, is facing major problems such as rising protectionism, trade wars, shooting and bombing wars, hyperinflation, and energy crises as scientists who recommended abandoning fossil fuels in favour of sustainables struggle to solve the problem of how to generate electricity when the wind doesan’t blow and the sun doesn’t shine.

Oh FFS, I can’t report this seriously.

Nigerian economist: I laughed so much I nearly shat. And then I shorted all my holdings in companies based in WTO member states.

When I blogged the story someone quickly pointed out I was being racist and she really is an amazingly knowledgable economist. Apparently she sent him an email a few weeks ago offering him a generous commission for helping her complete a huge deal she was putting together on behalf of the Nigerian government. Due to trade sanctions imposed by the Trump administration she needed his bank details so funds could be channeled through my accounts thus hiding the Nigerian connection He tells me he is now waiting for his share of the deal which will run into $USmillions, thanks to his being a woke and inclusive person who was open minded enough to trust Nigerian entrepreneurship.

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