Nigeria will officially take over the chairmanship of the Intergovernmental Group of Twenty-Four (G-24) from Argentina on November 1, 2025, marking a major milestone in the country’s international economic diplomacy.
The announcement was made by the Central Bank of Nigeria (CBN) in a statement posted on its official X handle on Wednesday. The development follows Nigeria’s earlier call in 2024 for greater investment and stronger trade partnerships among G-24 member nations.
Established in 1971, the G-24 serves as a platform for developing countries to coordinate their positions on international monetary and development finance issues, ensuring their voices are represented in global economic decision-making.
According to the CBN, Nigeria will unveil its Work Programme for the 2025/2026 tenure after due consultations with member countries.
Speaking at the G-24 annual meeting, CBN Governor Olayemi Cardoso—who represented the Minister of Finance and Coordinating Minister of the Economy, Wale Edun—reaffirmed Nigeria’s commitment to advancing the collective interests of emerging and developing economies.
“Our focus will be on sustaining momentum in areas that matter most to our members,” Cardoso stated. “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 remains a formidable platform for representing the common interests of developing nations.”
Nigeria’s assumption of the G-24 chairmanship is expected to strengthen its influence in shaping global economic policies that affect developing economies.
