The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, today, delivered Nigeria’s Statement at the G-24 Ministerial Meeting on the sidelines of the 2025 IMF World Bank Spring Meetings in Washington D.C.
In his capacity as First Vice-Chair of the G-24, the Minister underscored President Bola Ahmed Tinubu’s strong commitment to structural reforms, including fuel subsidy removal, foreign exchange unification, and comprehensive tax policy reforms. He emphasised the administration’s focus on restoring macroeconomic stability and building a more resilient, inclusive economy.
The Honourable Minister called on the IMF and World Bank to reward reform-minded economies—particularly those in Sub-Saharan Africa—by expanding access to affordable financing and deploying more innovative instruments to support their transitions.
HM Edun also welcomed the IMF’s recent establishment of a third Sub-Saharan Africa Chair and advocated for increased African representation at senior management levels within the Bretton Woods institutions. Nigeria is open for business, he stated.
The Minister, however, added that for reforms to deliver their full impact, we need the international community to match our ambition with strong, targeted support.
Signed
Mohammed Manga, FCAI
Director, Information and Public Relations
April 23, 2025
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