Nigeria has officially assumed the chairmanship of the Intergovernmental Group of Twenty-Four (G-24), a coalition of developing countries that coordinates positions on international monetary and financial issues.
The Central Bank of Nigeria (CBN) disclosed this in a series of posts on its official X handle.
CBN Governor Dr. Olayemi Cardoso, representing Nigeria, reaffirmed the country’s commitment to strengthening the G-24’s voice as a catalyst for inclusive dialogue and reform.
“Our focus will be on sustaining momentum in areas that matter most to our members,” Cardoso stated.
“We look forward to working with members to advance our shared mission of inclusive growth, equity, and global stability.”
Cardoso emphasized that Nigeria was determined to ensure that the G-24 continues to be a formidable platform for representing the common interests of emerging and developing economies.
The G-24 brings together developing nations to forge common positions on global monetary policy and development financing.
Nigeria’s Minister of Finance, Wale Edun, had previously highlighted the country’s potential to attract foreign investment across key sectors such as manufacturing, agriculture, and oil and gas.
Edun also noted that Nigeria possesses one of the largest expanses of arable land in the world, second only to Brazil, underscoring the nation’s potential to shift from being a food importer to a leading global food exporter.
The G-24 plays a crucial role in ensuring that the collective voice of emerging and developing economies is heard in international economic decision-making.
As chair, Nigeria is expected to drive inclusive global economic reforms and amplify the voices of developing nations.
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