By Joshua Tosin Ogunsakin 
Nigeria has assumed the chairmanship of the Intergovernmental Group of Twenty-Four.
The federal government has pledged to amplify the voices of developing nations and drive inclusive global economic reforms when it formally takes office on November 1, 2025.
This was disclosed in a series of posts by the Central Bank of Nigeria on its official X handle on Wednesday.
The G-24 which was formed in 1971, brings together developing nations to forge common positions on global monetary policy and development financing, ensuring their collective voice is heard in international economic decision-making.
The CBN Governor, Olayemi Cardoso, on behalf of the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, reiterated Nigeria’s commitment to strengthening the voice of the G-24 as a catalyst for inclusive dialogue and reform.
Cardoso stated, “Our focus will be on sustaining momentum in areas that matter most to our members. We look forward to working with members to advance our shared mission of inclusive growth, equity, and global stability.
“We are determined to ensure that the G-24 continues to be a formidable platform for representing the common interests of emerging and developing economies.”
Recall, in 2024, the federal government called for increased investments and trading partnerships from member countries of the G-24.
Edun had highlighted Nigeria’s strong potential to attract foreign investment across key sectors such as manufacturing, agriculture, and oil and gas.
He further pointed out that Nigeria possesses one of the largest expanses of arable land in the world, second only to Brazil, underscoring the nation’s potential to shift from being a food importer to a leading global food exporter.
The Punch