Geopolitical strains, energy market disruptions, tightening financial conditions and inflationary pressures are weighing on reform momentum in developing countries, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said.

Speaking in his capacity as Chairman at the International Monetary Fund (IMF)/World Bank Spring Meetings in Washington DC, the minister reaffirmed the traction of the Federal Government’s reform across key sectors, while making a case for a fairer global financial architecture.

A statement by the Head Information and Public Relations Unit of the ministry, Efe Ovuakporie, quoted the minister as arguing that the scale of global support must be commensurate with the depth of current crises, calling for expanded access to affordable financing, enhanced liquidity buffers and far-reaching reforms of the international financial system to reflect the realities of developing economies.

Edun maintained that Nigeria’s reform drive is beginning to firm up macroeconomic foundations, sharpen policy credibility and strengthen the country’s shock-absorption capacity even as global uncertainties persist.

He noted that macroeconomic stability remained a decisive factor in attracting investment, noting that tighter coordination across fiscal, monetary and trade policy levers was already yielding more durable economic outcomes and setting the stage for sustained resilience.

Beyond stabilisation, the minister pointed to a deliberate pivot towards broad-based, job-creating growth. He said the country was prioritising private-sector-led expansion, infrastructure rollout, energy-sector investment, deepened financial inclusion and human capital development as anchors of long-term transformation.

Edun also highlighted Nigeria’s use of its leadership position in the G24 to shape global economic discourse, press for equitable outcomes and reinforce domestic reform efforts through strategic international engagement.

Reaffirming the government’s policy direction, he stressed Nigeria’s commitment to maintaining stability, strengthening resilience against external shocks and advancing investment-driven growth that generates employment.

He added that despite persistent global headwinds, the Federal Government remained focused on translating reforms into tangible gains through higher incomes and improved living standards for Nigerians.