Abuja is hosting delegates for the 2026 Technical Session of the Intergovernmental Group of Twenty-Four (G-24), bringing together senior policymakers, central bank officials, and development finance experts to deliberate on development finance, debt sustainability, and growth strategies for emerging market and developing economies.
The G-24 — formally known as the Intergovernmental Group of Twenty-Four — provides a platform for developing countries to coordinate positions on monetary and development issues within the framework of the International Monetary Fund and the World Bank Group.
Speaking at the welcome reception and later at the G-24 Technical Working Group Meetings, Nigeria’s Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, called for stronger cooperation among developing economies as global uncertainty continues to weigh on growth prospects.
He noted that rising geopolitical tensions, trade fragmentation, and tightening global financial conditions are disproportionately impacting emerging markets, reinforcing the urgency of Nigeria’s ongoing reform programme.
Edun outlined the priorities of President Bola Tinubu, which centre on economic stabilisation, structural transformation, and investment-led growth. Key components include restoring investor confidence, expanding private sector participation through public-private partnerships (PPPs), and raising tax revenues to 18 percent of GDP to strengthen fiscal sustainability.
According to the Minister, improving access to affordable capital, enhancing domestic resource mobilisation, and strengthening public financial management systems remain central to Nigeria’s economic strategy.
For Nigeria, he stressed, these reforms are not abstract policy choices but practical imperatives: they are designed to reinforce public finances, unlock private capital, support job creation, and position the economy on a path of sustainable and inclusive growth.
The 2026 technical session is expected to yield policy recommendations aimed at strengthening macroeconomic resilience, deepening South-South cooperation, and amplifying the collective voice of developing economies in global financial governance.