Wale Edun, minister of finance and coordinating minister of the economy, says the outcome of the 2026 technical meeting of the intergovernmental group of twenty-four (G-24) will shape access to capital and investment flows.
In a post on X on Thursday, the ministry of finance said
Nigeria is hosting international delegates in Abuja as activities commence for
the meeting.
The ministry said the meeting places the country at the
centre of high-level discussions on development finance, debt sustainability,
and growth across emerging economies.
Speaking at a welcome reception on Wednesday, Edun thanked
participants for travelling from across the world and described the meeting as
the beginning of intensive technical engagements ahead of the G-24 plenary.
Edun said the discussions are taking place at a critical
period, as developing countries face tighter global financial conditions and
shifting trade dynamics.
He noted that outcomes from the meeting would help shape
access to capital, public sector financing, and investment flows, issues
directly tied to Nigeria’s reform agenda, infrastructure delivery, and job
creation.
According to the ministry, hosting the meeting in Abuja
reflects growing international confidence in Nigeria’s economic direction and
its role in advancing a more resilient and inclusive global financial system.
On February 15, Iyabo Masha, director and head of
secretariat of the intergovernmental group of twenty-four, said the G-24 was
created about 54 years ago at a time of severe global economic disruptions,
with the primary objective of giving developing countries a collective voice in
engagements with advanced economies.
Masha noted that the dominance of the United States dollar
in global transactions continues to shape economic outcomes for developing
countries, stressing the need for global economic policies to better reflect
the challenges faced by poorer economies.
The director added that development financing remains a core
concern for G-24 members, many of which, according to her, rely heavily on
external funding because of underdeveloped domestic capital markets.
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