Nigeria will officially assume the chairmanship of the Intergovernmental Group of Twenty-Four (G-24)from Argentina on November 1, 2025, marking a significant milestone in the country’s global economic engagement.
The Central Bank of Nigeria (CBN) announced the development on Wednesday via its official X (formerly Twitter) handle, describing it as a strategic opportunity to advance the collective interests of developing nations in global financial governance.
The announcement follows the federal government’s 2024 call for stronger investment and trade partnerships among G-24 member countries to drive shared economic growth.
Established in 1971, the G-24 brings together developing nations to coordinate positions on international monetary policy, development financing, and global economic reform ensuring that their voices are represented in major global decision-making forums.
“Nigeria will formally take office on November 1, 2025, and will unveil its Work Programme after due consultation,” the CBN’s statement read in part.
Representing the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, CBN Governor Olayemi Cardoso reaffirmed Nigeria’s commitment to strengthening the bloc’s influence as a platform for inclusive dialogue and reform.
“Our focus will be on sustaining momentum in areas that matter most to our members. We look forward to working with member countries to advance our shared mission of inclusive growth, equity, and global stability,” Cardoso said.
He added that Nigeria is determined to ensure the G-24 remains a strong voice for emerging and developing economies, particularly on issues of global financial inclusion, debt sustainability, and equitable growth.
Nigeria’s upcoming leadership of the G-24 underscores its growing role in shaping global economic policy and advocating for the needs of developing nations amid shifting global financial dynamics.
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