Edun Spotlights Reform Momentum, Pushes Global Case for Fairer Finance
Nigeria’s Finance Minister and Coordinating Minister of the Economy, Wale Edun, has reaffirmed the traction of the Federal Government’s reform programme across key sectors, while mounting a strong case for a fairer global financial architecture.
Edun delivered this message at the Intergovernmental Group of Twenty-Four (G24) news conference, held on the sidelines of the International Monetary Fund / World Bank Spring Meetings in Washington, D.C., on Tuesday.
Speaking in his capacity as Chairman of the G24, the minister mapped out urgent priorities for developing economies contending with geopolitical strains, energy market disruptions, tightening financial conditions, and inflationary pressures that continue to test reform momentum.
He argued that the scale of global support must be commensurate with the depth of current crises, calling for expanded access to affordable financing, enhanced liquidity buffers, and far-reaching reforms of the international financial system to better reflect the realities of developing economies.
Edun maintained that Nigeria’s reform drive is beginning to firm up macroeconomic foundations, sharpen policy credibility, and strengthen the country’s shock-absorption capacity, even as global uncertainties persist.
He underscored that macroeconomic stability remains a decisive factor in attracting investment, noting that tighter coordination across fiscal, monetary, and trade policy levers is already yielding more durable economic outcomes and setting the stage for sustained resilience.
Beyond stabilisation, the minister signalled a deliberate pivot towards broad-based, job-creating growth. He said the country is prioritising private sector-led expansion, infrastructure rollout, energy sector investment, deepened financial inclusion, and human capital development as anchors of long-term transformation.
Edun also highlighted Nigeria’s use of its leadership position within the G24 to shape global economic discourse, press for equitable outcomes, and reinforce domestic reform efforts through strategic international engagement.
Reaffirming the government’s policy direction, he stressed Nigeria’s commitment to maintaining stability, strengthening resilience against external shocks, and advancing investment-driven growth capable of generating employment.
He added that, despite persistent global headwinds, the government remains focused on translating reforms into tangible gains through higher incomes and improved living standards for Nigerians.
