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US Only Opposition to Okonjo-Iweala’s Emergence as WTO DG 

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But for the United States’ lone opposition, Nigeria’s candidate for the Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, would have been declared winner of the race on Wednesday.

Despite securing the vote of 163 of the 164 members of the trade organisation, Nigeria’s former finance minister could not be declared the head of the WTO on Wednesday because of the objection by the US, which cited lack of experience and procedural issues for its stance. By the organisation’s selection rules, its DG has to emerge by consensus.

But the majority, according to sources close to the process, may assert its will at the general meeting of the organisation scheduled for November 9, using a proviso that allows a vote in the event of failure of consensus. Ms. Yoo Myung-hee of South Korea, backed by the US, is Okonjo-Iweala’s sole opponent.

FIRS

Okonjo-Iweala, who has locked in the support of China, the European Union, Africa, Asia, Latin America and the Caribbean member-countries, has the best chance of attaining the consensus of membership of the global trade body, its General Council Chair, Mr. David Walker, said on Wednesday.

Spokesman for the WTO, Mr. Keith Rockwell, at a media briefing at the end of the meeting of the organisation, said: “The candidate that had the best chance of attaining a consensus of membership is Dr. Ngozi Okonjo-Iweala of Nigeria. Consultations on the way forward will start immediately.”

While consultation continues, the next meeting has now been scheduled for November 9, where members would be seeking to get a consensus. This would come after the US presidential election scheduled for Tuesday.

The officials, who pleaded to remain anonymous, stated that members decided to continue with the ongoing process, which is expected to lead to Okonjo-Iweala’s announcement despite the opposition of the United States, which they described as unjustified.

According to the sources, the US objection was anchored on procedural grounds, adding that constituents from across the regions who took the floor stressed that this cannot stand because the process was unanimously agreed on and that it would be wrong to change it midway.

The speakers included representatives of member countries from Africa, Caribbean, Asia, Latin America and other regions reflecting the breadth of her support.

“The WTO member countries insisted that Okonjo-Iweala is the better qualified and properly elected candidate for the position of DG of the WTO,” the source added.

All WTO decisions are taken by a consensus of its 164 members.

Another source who monitored the closed-door meeting, but pleaded to remain anonymous, said: “Ngozi at this stage is the candidate who is most likely to attract a consensus from the WTO membership.”

Members have used consensus on every decision in electing a director-general in the history of the WTO.

“In the rules, however, there is a provision that allows for majority vote. But that has never been used before, so we don’t know whether members would want to set a precedent with this DG selection process.

“So, really, anything can happen on November 9. All options are open.”

Section 20 of the WTO Procedures for the Appointment of Director Generals states: “If, after having carried out all the procedures set out above, it has not been possible for the General Council to take a decision by consensus by the deadline provided for the appointment, members should consider the possibility of recourse to a vote as a last resort by a procedure to be determined at that time.

“Recourse to a vote for the appointment of a director-general shall be understood to be an exceptional departure from the customary practice of decision-making by consensus, and shall not establish any precedent for such recourse in respect of any future decisions in the WTO.”

Okonjo-Iweala, 66, an economist and development specialist, has urged the WTO to help poorer countries access COVID-19 drugs and vaccines.

She is a renowned global finance expert, an economist and international development professional with over 30 years of experience, having worked in Asia, Africa, Europe, Latin America, and North America.

She is presently the Chair of the Board of GAVI, the Vaccine Alliance.

Since its creation in 2000, GAVI has immunised over 760 million children across the globe. She also sits on the boards of Standard Chartered Plc and Twitter Inc.

She was recently appointed African Union Special Envoy to mobilise international financial support in the fight against COVID-19, as well as Envoy for the World Health Organisation’s access to COVID-19 Tools Accelerator.

The Managing Director of the International Monetary Fund (IMF), Ms. Kristalina Georgieva, a few months ago appointed Okonjo-Iweala to serve as a member of her newly-established External Advisory Group.

In addition, Okonjo-Iweala served twice as Nigeria’s finance minister, from 2003-2006 and 2011-2015 and briefly as foreign affairs minister in 2006, the first woman to hold both positions.

As finance minister, Okonjo-Iweala steered Nigeria through different reforms, particularly on macroeconomic, trade, financial and real sector issues.

As Managing Director (Operations) of the World Bank, her several portfolios included oversight responsibility for the World Bank’s $81 billion operational portfolio in Africa, South Asia, Europe, and Central Asia.

Okonjo-Iweala spearheaded several World Bank initiatives to assist low-income countries during the 2008-2009 food crises and later in the trying period of the global financial crisis.

On the other hand, Yoo is South Korea’s trade minister. During her 25-year career in government, she helped expand her country’s trade network through bilateral accords with the US, China and the UK.

Obinna Chima
Arise Tv

 

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Eid-ul-Mawlid: Uphold Hon. Lucky Otuo in your prayers, Ima-owaji Shedrack Urges non indigenes in ANOLGA

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A stakeholder in Andoni Local Government Area of Rivers State, Ima-owaji Shedrack, has called on Muslim faithful in the area to remember the Chairman of Andoni LGA, Hon. Lucky Promise Otuo, in their prayers as they celebrate Eid-ul-Mawlid, the commemoration of the birth of Prophet Muhammad (SAW).

Speaking on Friday during the nationwide celebration, Ima-owaji stressed the importance of continuous prayers for leaders at all levels, describing Hon. Lucky Otuo’s administration as one that transcends sentiments, tribal lines, and religious differences.

“The government of Hon. Lucky Otuo is one beyond discrimination. Both indigenes and non-indigenes are carried along. This is why I urge our Muslim brothers and sisters to use this sacred celebration to pray for him and for the peace, progress, and prosperity of Andoni LGA,” Ima-owaji said.

FIRS

He further noted that the Eid-ul-Mawlid celebration provides Muslims with another opportunity to renew their commitment to unity and inclusiveness, while also offering prayers for leaders who are steering the affairs of the people with sincerity.

Ima-owaji urged residents of Andoni, regardless of religion or origin, to embrace peace and support the development agenda of Hon. Otuo’s administration, which he said is focused on progress and inclusivity.

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What to Know About CBN’s New Geo-Tagging Requirement for POS Terminals

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pos machine

The Central Bank of Nigeria (CBN) has issued a new directive requiring all Point of Sale (POS) terminals to be geo-tagged within the next 60 days, a move designed to curb fraud, enhance oversight, and modernize Nigeria’s digital payment ecosystem.

According to a circular released on August 26, 2025, any terminal not geo-tagged will be deactivated from October 20, 2025.

“This initiative is designed to ensure that all PoS terminals are traceable and that transactions are secure. Terminals operating outside their registered location will be flagged, and non-compliant devices will be deactivated,” the CBN stated.

FIRS

Here’s a breakdown of what the policy means for operators, agents, merchants, and customers.

What Geo-Tagging Means

Geo-tagging is the process of embedding location data, such as latitude and longitude, into a digital device.
For POS terminals, this means linking each machine to its exact physical address using GPS technology, creating a traceable digital footprint that makes every device verifiable and harder to misuse.

The CBN’s Key Requirements

  1. Geolocation Features
    All POS devices must have GPS and dual-frequency receivers for accurate location tracking.
  2. Real-Time Location Transmission
    Terminals must capture and transmit their exact location at the start of every transaction.
  3. Geofencing
    Each POS terminal will be restricted to a 10-metre radius around its registered location. Transactions outside this zone will be flagged for investigation.
  4. Registration
    Licensed banks and fintechs—such as Moniepoint, OPay, PalmPay, and others—must register each device with exact merchant coordinates through a payment aggregator.
  5. New Devices
    No new terminal will be certified or activated without geo-tagging.

Why Geo-Tagging Matters

  • Crackdown on Fraudulent Terminals
    Geo-tagging eliminates “ghost” or cloned devices and reduces card fraud, unauthorized withdrawals, and misuse of mobile POS machines. It also disrupts ransom collections and terrorism financing through untraceable transactions.
  • Better Oversight and Transparency
    Regulators gain real-time visibility of nationwide transactions, improving fraud detection and aiding financial inclusion strategies by identifying underserved areas.
  • Boosting Consumer Trust
    Customers gain stronger protection knowing every POS is tied to a verified address, building confidence in digital payments.

Impact on Stakeholders

  • Banks & Fintechs
    Institutions face the challenge of upgrading thousands of terminals and registering them within 60 days, requiring both funding and logistics.
  • POS Agents & Merchants
    Operators must work strictly within 10 metres of their registered business location, potentially disrupting mobile POS services that move around to serve customers.
  • Customers
    Shoppers stand to benefit most, with safer and more transparent transactions in Nigeria’s payment system.

Conclusion

The CBN’s geo-tagging directive is one of the most sweeping reforms in Nigeria’s digital payments landscape. While it presents operational hurdles for banks, fintechs, and agents, it promises stronger security, fraud reduction, and renewed consumer trust in the long run.

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Goodluck Nwaneri Pays Condolence Visit To The APC National Chairman

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Goodluck Nwaneri Pays Condolence Visit To The APC National Chairman

Chief Goodluck Nwaneri, a Director city boy movement, has paid a condolence visit to the APC National Chairman, Prof. Nentawe Yilwatda, at his residence in Abuja, following the passing of his beloved mother, late Mrs. Lydia Toma Yilwatda.

During the visit, Chief Nwaneri expressed his deep sympathy to Prof. Nentawe and the entire Yilwatda family, describing the death of a mother as a painful and irreplaceable loss. He noted that the late Mrs. Lydia Toma Yilwatda lived an exemplary life of faith, humility, and service, evident in the leadership qualities and values instilled in her children.

Chief Nwaneri prayed for the peaceful repose of her soul and asked God to grant the APC National Chairman and his family the strength and fortitude to bear the painful loss. He also encouraged them to find comfort in the enduring legacy their mother left behind.

FIRS

He further reaffirmed his solidarity with Prof. Nentawe in this moment of grief, while urging the family to remain strong and united in honoring the life and memory of their departed matriarch.

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Reflections on the Labour Party’s Challenges: A Call for Peter Obi to Pause and Ponder

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Pst Dr Mrs Dayo Ekong,

By Pst Dr Mrs Dayo Ekong, State Chairman, Labour Party, Lagos State

As the State Chairman of the Labour Party in Lagos State, I have watched with growing concern the internal dynamics and external perceptions plaguing our great party.

FIRS

The Labour Party, once a beacon of hope for the masses, is now grappling with issues that threaten its unity and relevance in Nigeria’s political landscape. Chief among these is the meddlesome role and evidently waning influence of our former presidential candidate, Mr. Peter Obi. While I respect his contributions and the passion he ignited in 2023, it is time for a candid conversation.

Mr. Obi must recognize the grace that propelled him in the last election cycle—a divine and collective favor from the party and the electorate—and reflect on how his recent actions are eroding that very foundation.

Let us rewind to 2023. Peter Obi enjoyed an extraordinary wave of support, not just from the Labour Party’s structures but from a broad coalition of Nigerians yearning for change. Despite the controversies surrounding the election results, where many believe he was robbed of victory, his outing was undeniably successful. He garnered millions of votes, particularly from the youth and disillusioned voters, because the party rallied behind him, and the electorate saw him as a fresh alternative to the status quo.This grace was a combination of factors: the party’s platform, grassroots mobilization, and a genuine public desire for integrity in leadership. It was this synergy that allowed him to shine brightly, even in defeat.

However, fast-forward to today, and the narrative has shifted. Peter Obi’s influence in the Nigerian polity appears to be waning, as Nigerians grow increasingly tired and wary of what some perceive as inconsistent antics and political maneuvering. His interventions, once seen as principled, now risk being viewed as disruptive and self-serving, alienating allies and diminishing his appeal. This is not mere speculation; it is evident in recent electoral outcomes where his endorsements have failed to deliver victories, signaling a loss of the magnetic pull he once commanded.

Take the 2024 Edo State governorship election as a prime example. Amid internal party tensions, Peter Obi chose to campaign vigorously for Olumide Akpata, pitching his tent against the preferences of the National Working Committee led by Julius Abure, who wanted to adhere to the political leanings of zoning which the Edo electorate tilted towards, but because of his issues with Abure he stood firm behind Akpata.
While Akpata was the official Labour Party candidate, Obi’s involvement highlighted factional rifts, with his support seemingly at odds with key party figures.
The result? Akpata lost woefully to the APC’s Monday Okpebholo, securing only a fraction of the votes despite Obi’s rallies and endorsements in Benin and beyond.This defeat in Edo, a state where Labour had shown promise, underscores how Obi’s influence no longer guarantees electoral success.

Similarly, in the 2023 Imo State gubernatorial election, Obi threw his weight behind Senator Athan Achonu, the Labour Party’s candidate. Achonu, backed by Obi’s visibility and campaign efforts, was positioned as a strong contender against the incumbent, Hope Uzodimma. Yet, the outcome was another resounding loss, with Achonu failing to unseat the APC governor in a landslide defeat. These back-to-back failures in Imo and Edo raise questions about the effectiveness of Obi’s political strategy and whether his touch still carries the transformative power it did in 2023.

The most telling blow came recently in the Anambra State by-elections, particularly in Onitsha—Peter Obi’s own backyard and supposed stronghold. Here, we witnessed his sudden switch of allegiance, embodying the “Labour today, ADC tomorrow” shenanigans that have confused supporters and diluted party loyalty.

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IYD: Nigeria Beyond Politics; The Role of Youth in Development in a Dynamic Digital World

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Bonaventure Asonye Nwankama, founder BONA NAIJA
Bonaveture Asonye Nwankama

…… the politics of division ethnic, religious, or partisan has slowed Nigeria’s growth for decades. In the digital age, collaboration is the new power

Today, as the world marks International Youth Day, we are reminded that the destiny of nations is not built solely in political chambers or government offices. True progress emerges from the creativity, resilience, and innovation of its people especially its youth.

In Nigeria, a country blessed with one of the largest youth populations in the world, the possibilities extend far beyond politics.

FIRS

The modern world is evolving at a pace like never before, driven by technology, digital innovation, and global interconnectedness.

For Nigerian youth, this era offers an unprecedented opportunity to lead transformation not just by voting or holding political office, but by shaping industries, influencing culture, and building sustainable systems that outlast election cycles.

Recently, I listened to an elder reflect on Nigeria’s journey. He reminded us that during the Industrial Revolution, our nation missed the opportunity to industrialize at the same pace as other parts of the world. That moment in history has passed but a new one is here. This is the Digital Revolution, and it is the youth’s turn to seize it.

READ ALSO: Meta’s Standoff with FCCPC: Nwankama Calls For Negotiation Over $220m Fine

Redefining Development Beyond the Ballot Box

Politics is important, but it is only one part of national development. Nigeria’s youth must recognize that progress also comes from entrepreneurship, science, technology, the arts, and social innovation.

The future will be shaped by those who can solve real problems whether in agriculture, renewable energy, fintech, health tech, or creative industries. Our role is to channel the same passion often poured into political debates into building solutions: Creating start-ups that employ thousands. Developing apps that solve everyday challenges. Producing films, music, and art that tell authentic Nigerian stories to the world.

Leveraging the Digital Revolution

In a dynamic digital world, the tools for impact are literally at our fingertips. With a smartphone and internet connection, a Nigerian youth can learn artificial intelligence, code a mobile app, sell fashion designs internationally, or run a global awareness campaign from their bedroom. Digital platforms are breaking barriers of geography and capital opening doors for anyone ready to learn, adapt, and innovate.

But this opportunity demands discipline: We must move from just consuming content to creating value-driven content. We must master digital skills that place us in the global economy. We must see technology as a tool for empowerment, not just entertainment.

Collaboration Over Division

The politics of division ethnic, religious, or partisan has slowed Nigeria’s growth for decades. In the digital age, collaboration is the new power. Youth from different regions can co-found tech companies, build joint advocacy platforms, and share resources to solve national problems.

The internet has given us a level playing field now we must use it to bridge divides, amplify each other’s voices, and create networks of mutual growth.

Taking Ownership of the Future

The truth is simple; No one will build the Nigeria we want except us. While we must hold leaders accountable, we cannot wait endlessly for political change before acting. Development is not a spectator sport it requires participation.

We must: Invest in self-education and continuous learning. Practice integrity and accountability in our personal and professional lives. Use our digital influence to inspire progress, not spread misinformation.

Conclusion

“Nigeria Beyond Politics” is not a call to abandon political engagement it is a reminder that politics is only one gear in the engine of national development. As youth, our most potent power lies in our creativity, adaptability, and unity especially in this digital era where a single idea can change millions of lives.

The world is watching. The future is calling. And the time for Nigerian youth to rise beyond politics and build the nation we dream of is now.


Bonaventure Asonye Nwankama is a Digital Media Entrepreneur and Publisher BONA NAIJA (www.bonanaija.com.ng). He is a Digital Transformation Advocate & Trainer. Reach him via email: bonaventure.bc@gmail.com

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