Nigeria is set to assume the chairmanship of the Intergovernmental Group of Twenty-Four (G-24) on November 1, 2025, taking over from Argentina in a move that signals the country’s rising leadership on the global economic stage.
The Central Bank Governor, Olayemi Cardoso, representing the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, reiterated Nigeria’s commitment to using the G-24 platform to enhance inclusive dialogue and push for substantive global economic reforms that benefit emerging and developing economies.
“Our focus will be on sustaining momentum in areas that matter most to our members. We look forward to working together to advance our shared mission of inclusive growth, equity, and global stability,” said Governor Cardoso.
The Nigerian leadership emphasized the country’s determination to ensure that the G-24 remains a powerful voice advocating for the common interests of emerging markets and developing countries in global financial policymaking.
Nigeria’s upcoming Work Programme for its tenure as chair will be unveiled after consultations with member nations, promising initiatives aimed at reinforcing the group’s role in international financial institutions’ decision-making processes, such as the IMF and World Bank.
This development marks a significant milestone as Nigeria steps forward to influence key economic discussions and foster cooperation among developing economies on pressing financial challenges.
