Nigeria has continued to strengthen its international economic leadership, with the country set to assume the chairmanship of the Intergovernmental Group of Twenty-Four (G-24) on November 1, 2025. The announcement followed high-level engagements led by Central Bank of Nigeria (CBN) Governor, Mr. Olayemi Cardoso, and Minister of State for Finance, Dr. Doris Uzoka-Anite, at the ongoing IMF/World Bank Annual Meetings in Washington D.C.

The G-24, which brings together emerging and developing countries to coordinate positions on global monetary and financial issues, serves as a vital platform for promoting inclusive growth and fair representation within the international financial system. Nigeria will take over from Argentina as chair, marking a renewed era of leadership for Africa’s largest economy in multilateral economic dialogue.

Speaking at the meeting, Mr. Cardoso disclosed that Nigeria’s trade surplus has risen to 6 percent of GDP, reflecting the impact of sustained macroeconomic reforms and improved investor confidence. He emphasized that Nigeria’s policy direction under the Tinubu administration has focused on restoring discipline, transparency, and credibility in monetary and fiscal management.

“Our focus remains on ensuring that Nigeria’s reforms translate into real growth for our people. Stability is not just a policy goal, it is the foundation for lasting progress,” Cardoso said.

On Nigeria’s assumption of the G-24 chairmanship, the CBN Governor, speaking on behalf of the Coordinating Minister of the Economy, Mr. Wale Edun, reiterated Nigeria’s commitment to strengthening collaboration among member countries and advancing policies that promote inclusive and sustainable growth.

“We are determined to ensure that the G-24 continues to be a strong platform for representing the shared interests of emerging and developing economies,” Cardoso added.
“Our focus will be on sustaining momentum in areas that matter most to our members, growth, equity, and global stability.”

Dr. Uzoka-Anite’s participation underscored the Federal Government’s continued efforts to deepen engagement with international partners, mobilize investments, and drive inclusive development outcomes.

The Nigerian delegation’s participation at the G-24 meetings reflects the country’s renewed credibility and leadership within the global economic community, driven by wide-ranging reforms under the Tinubu administration aimed at achieving macroeconomic stability and fostering sustainable growth.