Nigeria’s Finance Minister, Wale Edun, has urged global support for reform-driven African economies at the G-24 Ministerial Meeting.
Speaking as First Vice-Chair of the influential Group of 24, Mr. Edun didn’t just represent Nigeria—he gave voice to a broader coalition of countries in transition, especially across Sub-Saharan Africa, urging the IMF and World Bank to shift from rhetoric to action.
He advocated for more concessional financing and flexible support tools tailored to economies undergoing difficult but necessary adjustments.
Director of Information and Public Relations, Muhammed Manga in a statement said the meeting, held on the sidelines of the 2025 IMF-World Bank Spring Meetings in Washington, allowed Nigeria to solidify its image as a reform pioneer.
The statement pointed to recent policy overhauls including fuel subsidy removal, forex market unification, and major tax system reforms—all aimed at restoring investor confidence and stabilizing the economy.
In a significant diplomatic move, Edun also welcomed the IMF’s recent creation of a third Sub-Saharan Africa Chair and called for increased African representation in senior leadership roles within Bretton Woods institutions—signaling Nigeria’s intent to push not only for economic reform but also global governance reform.
“We are taking bold steps at home. But for these steps to truly matter, the world must meet us halfway,” Edun said.
“Nigeria is open for business, but we need meaningful, targeted global support to sustain our momentum.”
Analysts see Edun’s remarks as part of a larger effort to reposition Nigeri, not just as a recipient of aid, but as a standard-bearer for fiscal discipline and economic reinvention in Africa.
His tone and message were both assertive and collaborative, setting the stage for Nigeria’s deeper influence in shaping global economic policy for developing nations.
