On October 15, 2025, Nigeria announced it will chair the G-24 starting November 1, 2025.
The country vows to amplify the voices of developing nations and push for fair global economic policies, shared via the Central Bank of Nigeria’s (CBN) social media.
What Is the G-24?
The G-24, formed in 1971, unites developing countries to shape global financial policies. It ensures their needs influence world economic decisions, promoting fairness and teamwork.
Nigeria’s Bold Commitment
CBN Governor Olayemi Cardoso, speaking for Finance Minister Wale Edun, shared Nigeria’s plan to strengthen the G-24.
“We’ll drive progress for our members, focusing on growth, equity, and stability,” Cardoso said. He aims to make the G-24 a strong voice for emerging economies.
Building on Past Efforts
Last year, Nigeria called for more G-24 investment in its agriculture, manufacturing, and energy sectors. Edun noted Nigeria’s vast farmland, second only to Brazil, could make it a top food exporter.
This vision supports Nigeria’s goal to attract global funds and grow its economy.
Leading for Change
As G-24 chair, Nigeria will tackle issues like fair financing and sustainable growth.
Cardoso’s leadership will push for reforms that benefit developing nations, ensuring their voices shape global policies. This role lets Nigeria lead by example, boosting its own growth while helping others.
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