FG CONSTITUTES COMMITTEE TO STUDY IMPACT OF NEW US TARIFFS. (PHOTO).

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 FG constitutes committee to study impact of new US tariffs The Federal Government has set up a subcommittee to evaluate the potential economic impact of the recent trade tariff by the United States government. A Friday statement issued by the director of information and public relations at the ministry, Mohammed Manga, said the decision came after a meeting of the Economic Management Team (EMT), chaired by Wale Edun, minister of finance and coordinating minister of the economy. While Nigeria’s main export – crude oil – is not directly targeted by the new US tariffs, these policy changes have happened at the same time as falling international oil prices. This timing raises concerns about possible pressure on Nigeria’s revenue and budget. On April 2, US President Donald Trump announced sweeping global tariffs on all imports into the country, including Nigeria. A few days later, Edun said Nigeria is well-positioned to withstand global trade disruptions, including the United States’ i...
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OKONJO-IWEALA TO SEEK SECOND TERM AS WTO DG. (PHOTO).

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 Okonjo-Iweala To Seek Second Term As WTO DG


Ngozi Okonjo-Iweala, the first woman and first African to head the World Trade Organization, will seek a second four-year term when her mandate expires next August, her spokesman said Monday.


“We can confirm that Dr. Ngozi Okonjo-Iweala has officially announced her intention to seek a second term as Director-General of the WTO,” spokesman Ismaila Dieng said in a statement.


Dieng said the 70-year-old had taken into account “the overwhelming and broad-based support expressed by members”.


Her current term at the helm of the 166-member WTO ends in August 2025.


Her decision to seek another term was officially communicated to WTO chair Norwegian Ambassador Petter Olberg on Monday.


The WTO’s African Group formally requested that she make herself available for a second term at that same meeting, and proposed that the process to re-nominate her should begin as soon as possible.


So far no other candidates have come forward.


Okonjo-Iweala, who took over in March 2021, has hinged her leadership on breathing new life into the sclerotic organisation.


The former foreign and finance minister of Nigeria sold herself as someone who can bang heads together and get business done.

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