Nigeria takes the helm of the G-24 to champion inclusive growth and equitable economic reforms for developing countries.
Nigeria has been elected to chair the Intergovernmental Group of Twenty-Four (G-24), marking a significant milestone in the country’s growing influence on global economic and financial policy discussions.
The Federal Government will formally assume the chairmanship on November 1, 2025, with a commitment to champion the interests of developing nations and push for fair, inclusive global economic reforms.
The announcement was made in a series of posts shared by the Central Bank of Nigeria (CBN) on its official X (formerly Twitter) handle on Wednesday.
Formed in 1971, the G-24 serves as a platform for developing countries to coordinate their positions on international monetary and development finance issues, ensuring their collective voice is represented in global economic decision-making forums such as the IMF and World Bank.
Speaking on behalf of the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, CBN Governor Olayemi Cardoso reaffirmed Nigeria’s commitment to advancing the group’s mission of inclusive growth and stability.
“Our focus will be on sustaining momentum in areas that matter most to our members,” Cardoso said.
“We look forward to working with members to advance our shared mission of inclusive growth, equity, and global stability. We are determined to ensure that the G-24 continues to be a formidable platform for representing the common interests of emerging and developing economies.”
Under Nigeria’s leadership, the G-24 is expected to strengthen its advocacy for fairer global financial governance, address the debt challenges of developing nations, and push for reforms that promote sustainable economic recovery in the Global South.
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