₦airaland Forum

Nigeria takes over G-24 leadership, promises global economic reforms

By Adetutu Sobowale

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.

Source: https://punchng.com/pictorial-nigeria-takes-over-g-24-leadership-promises-global-economic-reforms/

Good, we shall make sure the G24 is, I don forget wetin I wan talk

Jokers.

Have they reformed the Nigerian economy yet?

How can APC, which has been put more people into poverty bring reform to other countries?

You can never give what you don't have.

Good move on paper. Hopefully, it won’t just be another title without impact. If Cardoso and Edun can actually use this platform to push reforms that attract real investments and improve trade terms, Nigeria and Africa as a whole could benefit massively.

Nigeria don collect G-24 chairmanship, nice one. Now make dem no go use the chair do photo ops only. We need real economic progress, not more grammar from Abuja. 😅

Hahaha biggest joke of 2025

Nigeria
Good people
Great nation.

Okay ooo. Is not bad but we should have lived by good example and not this

Okay ooo. Is not bad but we should have lived by good example and not this.
Are we a good example to attain such responsibilities?
Please say something Nairalanders

G-24 leadership is now a benchmark for aggregating the highest number of poor people in the world.

G24 leadership is also an achievement and benchmark for aggregating the sixth most devalued currency in Africa and 11th in the world.

Anybody who bought a car for N1.8m in 2023 before this PBAT and now buys same car for N11m should celebrate this news ?

Median Housing rent has moved from N400k for 2 bedroom apartment in Middle/Low Income Urban areas to N1.2m per annum in Lagos State.

PMS as at today is at N925 per liter and filling 20 liters is N20k for a two day trip.

God keep us till 2027.

G24 don enter one chance, the whole go soon hear about them. Hope them no go allow dem borrow money unbehalf of G24 abi? Naija dey run am.

Nigeria has a sitting minister of state of Finance, but CBN governor is the person to deputize for the absent minister of finance.
Just goes to show how the CBN that is meant to be independent is being run like a ministry under Tinubu control.
This country is finished!😒

Great...we are a great people!

Syntax error
Economic error
Error due to parallax

Nigeria and leadership ke?

Always chasing titles, no impact..

Sometimes I ask myself what year or decade do we plan on leaving this status of DEVELOPING NATION. For how many years are we going to remain a developing nation 😭😭

Na wa oo.. promised economy reform again

Which countries are members of G-24, and what do citizens or governments of member nations gain?

A Very Good Development 👍🙏🎉. NIGERIA ON THE RISE!
Two- WEEKS AGO, NIGERIA-WAS ELECTED INTO THE WORLD COURT,which was bastidised by Buhari then- when he forwarded someone from his Base and the World Court just threw him back at the Entry Stage.
Today ,hope is rising!
Forward Ever and Backwards NEVER for NIGERIA!

Na so this news go give OBIDIENTS more pain

obi4eze:
Jokers.

Have they reformed the Nigerian economy yet?

You can never give what you don't have.

Exa, that's what you just showed here. You can't give what you don't have.

obi4eze:
Jokers.

Have they reformed the Nigerian economy yet?

You can never give what you don't have.

e shock you?,you no reason pass the leaders of those countries there

Another plus for Nigeria, when last had we gotten this type of global recognition?
Kudos to President Tinubu savvy leadership!

you wan kill us with laff

obi4eze:
Jokers.

Have they reformed the Nigerian economy yet?

You can never give what you don't have.

O ti daa, Dey bobo us Dey go!!!



Remain 2 characters

Who dash monkey banana? With your bokoharam terrorist infested ecosystem

Nigeria a struggling nation taking over other nation's development . Be like say those countries want to be worst off

Outthemudbyvoke:
Good move on paper. Hopefully, it won’t just be another title without impact. If Cardoso and Edun can actually use this platform to push reforms that attract real investments and improve trade terms, Nigeria and Africa as a whole could benefit massively.

Nigeria don collect G-24 chairmanship, nice one. Now make dem no go use the chair do photo ops only. We need real economic progress, not more grammar from Abuja. 😅

Cardoso and Edun are the same Lagos boys who helped Tinubu squeeze IGR out of the people since 1999 to make the state budget N3.4 trillion from N42 billion without any real change in governance outcomes like water supply. Ordinary water supply o.

What do you think is happening to the money

fergie001:

https://www.youtube.com/watch?v=g5v-F81hNTs

The Permanent Secretary, Office of Drainage Services and Water Resources in Lagos State, Mahmood Adegbite, has said that people drilling borehole in the Lekki axis of the state is probably drinking ‘’shit water.”

While speaking at a stakeholders meeting in the state recently, Adegbite noted that contaminated boreholes in Lekki pose health risk and added that treatment of waste water would eradicate any form of disease that may arise from it.

He said, “On waste water treatment, I will say that everyone digging borehole within the Lekki axis is probably drinking what I will call ‘shit water.’

https://punchng.com/video-everyone-digging-borehole-in-lekki-is-probably-drinking-shit-water-lagos-govt/?fbclid=IwQ0xDSwMABDJjbGNrAwAEK2V4dG4DYWVtAjExAAEewOd7728C0FSKQJNWar4yKRxNpNKt1owSlw47y57FKAux2QxvQL24Iu18rtw_aem_3kB5Sd2GjpdqjN6zFuIs7w

Since 1971 some countries developed above measures, others still developing while some are stagnated and falling backwards

obi4eze:
Jokers.

Have they reformed the Nigerian economy yet?

You can never give what you don't have.

Eeyah, ndooh!!!

E go shock you. Keep watching...

Nigeria is in coma. Charity they say begins at home.

anonimi:
Cardoso and Edun are the same Lagos boys who helped Tinubu squeeze IGR out of the people since 1999 to make the state budget N3.4 trillion from N42 billion without any real change in governance outcomes like water supply. Ordinary water supply o.

What do you think is happening to the money

We are in perilous times. One can't help but wonder when these leaders would be patriotic and people centered. The real people who have a burning desire to effect a change and see Nigeria work are rarely ever given a chance save for the miracle of Abians in person of H.E. Alex Otti and a handful of others.