Nigeria Takes Over G-24 Leadership, Pledges Push For Global Economic Reforms

Nigeria has officially assumed the chairmanship of the Intergovernmental Group of Twenty-Four (G-24), pledging to amplify the voices of processing nations and champion inclusive planetary economical reforms.

The state volition formally instrumentality bureau arsenic seat of the influential conjugation connected November 1, 2025, according to a connection released by the Central Bank of Nigeria (CBN) via its authoritative X (formerly Twitter) grip connected Wednesday.

Formed successful 1971, the G-24 brings unneurotic processing nations to coordinate their positions connected planetary monetary and improvement issues, ensuring that their corporate interests are represented successful planetary economical decision-making.

Representing Nigeria, CBN Governor Olayemi Cardoso, who spoke connected behalf of the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, reaffirmed Nigeria’s committedness to deepening collaboration among subordinate states.

“Our absorption volition beryllium connected sustaining momentum successful areas that substance astir to our members,” Cardoso stated. “We look guardant to moving with members to beforehand our shared ngo of inclusive growth, equity, and planetary stability.”

He added that Nigeria’s enactment would prioritise strengthening the G-24’s dependable arsenic a “formidable level for representing the communal interests of emerging and processing economies.”

The improvement comes arsenic Nigeria continues to presumption itself arsenic a starring advocator for economical inclusion and betterment successful planetary fiscal governance.

In 2024, the national authorities had called for accrued concern and stronger commercialized partnerships among G-24 subordinate nations. Minister Wale Edun, astatine the time, highlighted Nigeria’s immense imaginable to pull overseas concern crossed cardinal sectors including manufacturing, agriculture, and lipid and gas.

Edun besides underscored the country’s cultivation advantage, noting that Nigeria possesses 1 of the largest expanses of arable onshore successful the world, 2nd lone to Brazil, a assets that could alteration the federation from a nutrient importer to a global food exporter.