Nigeria leads G-24 to reform global financial system for inclusivity
Nigeria has assumed the chairmanship of the Intergovernmental Group of Twenty-Four (G-24), a coalition of emerging and developing economies, with plans to reform the global financial system to be fairer and more inclusive. Under the leadership of Finance Minister Mr. Wale Edun, Nigeria will focus on five strategic goals: reforming global financial architecture, enhancing domestic resource mobilization, promoting innovative financing, strengthening regional integration, and advancing climate finance. Edun emphasized the urgency of comprehensive financial system reform to address challenges like debt distress, limited access to capital, and the $4-$5 trillion financing gap for achieving the SDGs.
