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Ngozi Okonjo-Iweala pushes for second term, emerges sole candidate for WTO DG

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The current Director General of the World Trade Organisation, WTO, Ngozi Okonjo-Iweala has signified interest to run for a second term.

To this end, Okonjo-Iweala emerged as the sole candidate of the WTO DG.

The organisation formally began the process of appointing its next DG on October 8.

WTO allowed members until November 8 to submit nominations.

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This was disclosed in a message to members, by the Chairman of WTO General Council, Petter Olberg.

Olberg said no additional nominations were received by the November 8 deadline.

The statement reads: “Under the procedures for the appointment of Directors-General (WT/L/509), I am required to communicate to members a consolidated list of candidatures received for the post of Director-General immediately after the close of the nomination period, in this case, 8 November 2024.

“I would like to advise members that at the end of the nomination period the only candidacy received for this post is from Dr Ngozi Okonjo-Iweala, the incumbent director-general.

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“The notification received from Dr Okonjo-Iweala pursuant to paragraph 12 of the Procedures in WT/L/509, was circulated to all members together with my communication in document JOB/GC/406, dated 16 September 2024.”

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Umahi Frowns At Slow Pace Of Suleja-Minna Road Construction

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The Minister of Works, David Umahi, has expressed sadness and disappointment over the slow pace and poor quality of the Suleja-Minna federal road construction, which has been ongoing for 14 years.

Despite reports of 84% completion, Umahi stated that the work executed does not match the reported progress.

Umahi’s comments came during a Town Hall Meeting and stakeholders’ engagement on the construction of the 1,068-kilometer Sokoto-Badagri superhighway in Minna, Niger State.

The minister emphasized the need for improved quality and speed in the project’s execution and added that all contractors handling federal government projects in Niger State will be invited for assessment.

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The Minister had passed through the Suleja-Minna Road to attend the meeting and express disappointment over the snail pace of work.

In addition to addressing the Suleja-Minna Road project, Umahi announced that the Federal Government is redesigning the Kano-Abuja Expressway. The new design will feature the use of concrete, which is expected to increase the road’s lifespan to between 50 to 100 years.

Governor Umaru Bago praised the value addition captured along the corridor of the road, particularly the irrigation potentials that the proposed 68 dams will avail farmers in the State. He also declared support for the choice of concrete in road construction.

Other stakeholders at the event raised concerns over funding and completion time of the projects.

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Bitcoin hits $90,000 for the first time as Trump backs crypto

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Bitcoin reached a record high above $90,000 on Wednesday, as the world’s largest cryptocurrency gained from President-elect Donald Trump’s pledge to ease regulation on digital assets.

Bitcoin surged to a peak of $91,000 before settling at $90,670.

The volatile asset has soared since Trump’s US presidential election victory last week, repeatedly setting new records.

Trump had pledged during his campaign to make the United States the “Bitcoin and cryptocurrency capital of the world.”

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His previous term included corporate tax cuts that boosted market liquidity, encouraging cryptocurrency investment.

In September, Trump announced he and his sons, along with entrepreneurs, would launch a digital currency platform called World Liberty Financial. However, its sales launch earlier this month was lacklustre, with only a fraction of tokens sold.

Cryptocurrencies have drawn global attention, marked by extreme volatility and the collapse of major industry players, including the FTX exchange.

In the lead-up to the election, Trump reportedly became the first former president to use Bitcoin in a transaction, buying burgers at a New York restaurant that hailed it as a “historic transaction.”

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NYSC announces date for ‘2024 Batch C’ registration

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The management of the National Youth Service Corps, NYSC, on Wednesday, announced the date for the online registration of prospective 2024 batch C stream I corps members.

The management said the exercise will commence on Thursday, 14 November, 2024.

This was made known in a post on the official X handle of the NYSC on Wednesday.

“Online Registration for 2024 Batch ‘C’ SC Stream I commences 14th November 2024,” the statement read.

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The orientation course will commence later on a date to be announced by the NYSC management.

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