Abuja, Nigeria
Nigeria has officially taken over the leadership of the Group of 24 (G-24), reaffirming its commitment to championing global economic reforms and amplifying the voice of developing nations in international financial discussions.
During the handover ceremony, government representatives emphasized the country’s readiness to push for structural changes in global financial institutions such as the International Monetary Fund (IMF) and the World Bank. The reforms, they said, aim to promote fairness, inclusiveness, and transparency in the global economic system.
Nigeria’s leadership will focus on strengthening cooperation among developing countries, advocating for debt sustainability, and improving access to finance for low- and middle-income economies.
Officials also reiterated the nation’s resolve to work closely with other G-24 member states to ensure equitable participation in decision-making processes affecting global trade and financial stability.
The G-24, established in 1971, serves as a forum for developing countries to coordinate their positions on international monetary and development issues. Nigeria’s assumption of leadership comes at a time when calls for reforms in the global financial architecture have intensified, particularly from nations in the Global South.
: Punch
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