By Bassey Udo
The Federal Government’s reform programme across key sectors of the economy are gaining global traction, Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said, even as he mounted a strong case for a fairer global financial architecture.
Edun, who is the Chairman of the Group, states this in his presentation at the Intergovernmental Group of Twenty-Four (G24) news conference on the sidelines of the International Monetary Fund/World Bank Spring Meetings in Washington, D.C., on Tuesday.
He identified areas requiring urgent priority attention by developing economies contending with geopolitical strains, including energy market disruptions, tightening financial conditions, and inflationary pressures that continue to test reform momentum.
The Minister 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 was beginning to firm up macroeconomic foundations, sharpen policy credibility, and strengthen the country’s shock-absorption capacity, even as global uncertainties persist.
He underscored the point that macroeconomic stability remained a decisive factor in attracting investments, noting that tighter coordination across fiscal, monetary, and trade policy levers was 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, adding that the country was prioritising private sector-led expansion, infrastructure rollout, energy sector investment, deepened financial inclusion, and human capital development as anchors of long-term transformation.
Highlighting Nigeria’s use of its leadership position within the G24 to shape global economic discourse, Edun pressed 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.
Despite persistent global headwinds, he said the government remained focused on translating reforms into tangible gains through higher incomes and improved living standards for Nigerians.