Edun Pushes Nigeria’s Reform Gains, Calls for Fairer Global Financial System at G24
By Onwe Wisdom, Pan Afric Reporters
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun has highlighted growing momentum in the country’s economic reforms while calling for a more equitable global financial system to support developing economies facing mounting external pressures.
The push according to a press statement issued by Head of Information and Public Relations Unit, Federal Ministry of Finance, Efe Oyuakporie was the expressed at the Intergovernmental Group of Twenty-Four (G24) news conference, the sidelines of the International Monetary Fund and World Bank Spring Meetings in Washington, D.C.,where Edun who chairs the G24 outlined key priorities for developing nations grappling with geopolitical tensions, energy disruptions, tightening financial conditions, and inflation.
“The scale of global support must match the depth of current crises,” Edun said, calling for expanded access to affordable financing, improved liquidity buffers, and comprehensive reforms of the international financial architecture.
He noted that Nigeria’s ongoing reform programme is beginning to stabilise the macroeconomic environment, strengthen policy credibility, and enhance the country’s ability to withstand external shocks.
“Macroeconomic stability remains a decisive factor in attracting investment,” he stated, adding that stronger coordination between fiscal, monetary, and trade policies is already producing more durable economic outcomes.
Beyond stabilisation, the minister emphasised a strategic shift toward inclusive, job-creating growth driven by private sector participation.
“We are prioritising private sector-led expansion, infrastructure development, energy investments, financial inclusion, and human capital as pillars of long-term transformation,” Edun said.
He further explained that Nigeria is leveraging its leadership role within the G24 to influence global economic discussions and advocate for fairer outcomes for developing countries.
“Our engagement at this level is not only about global advocacy but also about reinforcing domestic reforms through strategic international partnerships,” he added.
Reaffirming the Federal Government’s policy direction, Edun stressed its commitment to sustaining economic stability, improving resilience, and driving investment-led growth capable of delivering tangible benefits to citizens.
“Despite global headwinds, we remain focused on translating reforms into higher incomes and improved living standards for Nigerians,” he said.
The minister’s remarks come amid continued global economic uncertainty, with developing countries seeking stronger international support to navigate financial vulnerabilities and sustain reform momentum.
