Nigeria is set to assume the chairmanship of the Group of 24 (G‑24) in 2025/26, a role that will allow the country to champion Africa’s interests on the global stage. In a recent meeting, Finance Minister and Coordinating Minister of the Economy Wale Edun discussed the upcoming chairmanship with Dr Iyabo Masha, Director of the G‑24, and also planned the Technical Group Meeting to be hosted in Abuja in early 2026.
Edun reaffirmed Nigeria’s commitment to inclusive global growth and said the nation will use its chairmanship to amplify the voice of the Global South in international policy. He outlined key priorities: accelerating the African Continental Free Trade Area (AfCFTA), boosting intra‑African trade, deepening regional value chains, mobilising long‑term capital through green finance and public‑private partnerships, and powering industrialisation with renewable energy solutions. These initiatives are intended to drive Nigeria’s economic development and promote regional integration.
Dr Masha welcomed Nigeria’s proactive engagement and highlighted the country’s financial readiness to assume leadership. She stressed the importance of aligning Nigeria’s agenda with global reforms in trade, industrialisation, international tax cooperation and climate finance, noting that such alignment is essential for an effective chairmanship that serves the interests of the Global South.
The G‑24, a coalition of developing nations that coordinates positions on international monetary and financial issues, will see Nigeria’s chairmanship begin in 2025 and run for one year. During this period, Nigeria will host several meetings, including the Technical Group Meeting in Abuja, thereby strengthening its standing as a key player in regional and international economic affairs. While challenges such as balancing domestic interests with those of the broader Global South may arise, Nigeria’s proactive stance and financial preparedness position it to make a positive impact during its tenure.
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