By Olamilekan Abayomi
Nigeria is set to assume the chairmanship of the Intergovernmental Group of Twenty-Four (G-24) from Argentina on November 1, 2025. The Central Bank of Nigeria (CBN) announced this development, stating that Nigeria will formally take office and unveil its work program after proper consultation with member countries. Olayemi Cardoso, CBN Governor, emphasized Nigeria’s commitment to strengthening the G-24 as a platform for inclusive dialogue and reform.
Nigeria’s Minister of Finance, Wale Edun, will succeed Argentina’s Secretary of Finance, Pablo Quirno, as the chair of the G-24. The G-24 is a critical platform for emerging and developing economies to coordinate their positions on global economic issues. Nigeria’s assumption of the chairmanship is expected to provide an opportunity for the country to prioritize areas that matter most to its members, advancing shared missions of inclusive growth, equity, and global stability.
The CBN noted that Nigeria’s economic reforms have reduced the country’s vulnerability to global shocks. The timely implementation of policy measures has built resilience and buffers against potential shocks. With this new role, Nigeria aims to strengthen the voice of emerging and developing economies in global economic decision-making. The country’s leadership of the G-24 is expected to have a significant impact on the global economic landscape.
