By Oluwakemi Kindness
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has called for expanded access to affordable financing for developing countries, stressing that global support must match the scale of current economic challenges.
Edun made the call at the Intergovernmental Group of Twenty-Four (G24) news conference, held on the sidelines of the IMF/World Bank Spring Meetings in Washington, D.C.
He said developing economies are contending with geopolitical strains, energy market disruptions, tightening financial conditions, and inflationary pressures that continue to test reform momentum.
The minister argued that the scale of global support must be commensurate with the depth of current crises, calling for enhanced liquidity buffers and far-reaching reforms of the international financial system to better reflect the realities of developing economies.
Nigeria Highlights Reform Momentum
Edun maintained that Nigeria’s reform drive is beginning to firm up macroeconomic foundations, sharpen policy credibility, and strengthen the country’s shock-absorption capacity, even as global uncertainties persist.
He underscored that macroeconomic stability remains a decisive factor in attracting investment, noting that tighter coordination across fiscal, monetary, and trade policy levers is already yielding more durable economic outcomes.
Focus on Growth and Resilience
The minister signalled a deliberate shift towards broad-based, job-creating growth, anchored on private sector-led expansion, infrastructure rollout, energy sector investment, deepened financial inclusion, and human capital development.
He added that Nigeria is using its leadership position within the G24 to shape global economic discourse, press for equitable outcomes, and reinforce domestic reform efforts through strategic international engagement.
Commitment to Improved Living Standards
Edun reaffirmed the government’s commitment to maintaining stability, strengthening resilience against external shocks, and advancing investment-driven growth.
He added that, despite global headwinds, efforts remain focused on translating reforms into tangible gains through higher incomes and improved living standards for Nigerians
