Nigeria will officially take over the chairmanship of the Intergovernmental Group of Twenty-Four (G-24) from Argentina on November 1, 2025.
The Central Bank of Nigeria (CBN) hinted at this on Wednesday, October 15.
This comes after the federal government, in 2024, called for increased investments and trading partnerships from member countries of the G-24.
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“Nigeria will formally take office on November 1, 2025, and will reveal its Work Programme after proper consultation,” CBN said.
Formed in 1971, the G-24 assembles developing nations to forge common positions on global monetary policy and development financing, ensuring their collective voice is heard in international economic decision-making.
Commenting on behalf of the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, the CBN Governor, Olayemi Cardoso, reiterated Nigeria’s commitment to strengthening the voice of the G-24 as a catalyst for inclusive dialogue and reform.
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“Our focus will be on sustaining momentum in areas that matter most to our members. We look forward to working with members to advance our shared mission of inclusive growth, equity, and global stability.
“We are determined to ensure that the G-24 continues to be a formidable platform for representing the common interests of emerging and developing economies,” Cardoso said.
Alex is a business journalist cum data enthusiast with the Pinnacle Daily. He can be reached via ealex@thepinnacleng.com, @ehime_alex on X
