G-24 Meeting: Finance Minister pushes for enhanced global backing of economic reforms
Nigeria’s Finance Minister and Coordinating Minister of the Economy, Mr. Wale Edun, today, delivered the Nation’s Statement at the G-24 Ministerial Meeting on the sidelines of the 2025 IMF World Bank Spring Meetings in Washington D.C.
As G-24’s First Vice-Chair, the Minister highlighted President Bola Ahmed Tinubu’s dedication to implementing key structural reforms, such as eliminating fuel subsidies, unifying foreign exchange rates, and overhauling tax policies.
He emphasised the administration’s focus on restoring macroeconomic stability and building a more resilient, inclusive economy.
HM Edun called on the IMF and World Bank to reward reform-minded economies—particularly those in Sub-Saharan Africa—by expanding access to affordable financing and deploying more innovative instruments to support their transitions.
He welcomed the Global lender’s recent establishment of a third Sub-Saharan Africa Chair and called for the Continent’s increased representation in senior management positions at the Bretton Woods institutions, reiterating that “Nigeria is open for business.”
The Minister noted however that for reforms to achieve their full potential, “the international community must match our ambition with robust and targeted support.”*
