Nigeria Rallies Global Support for Economic Reforms at IMF/World Bank Meetings
Nigeria’s bold economic reforms and renewed commitment to fiscal discipline have won international recognition, with the country’s economic fundamentals showing strong signs of improvement.
This was highlighted by Central Bank Governor Olayemi Cardoso, who led Nigeria’s delegation to the 2025 Annual Meetings of the International Monetary Fund (IMF) and World Bank Group in Washington D.C. The meetings offered a global platform to showcase Nigeria’s progress, including falling inflation, exchange rate stabilization, and foreign reserves exceeding $43 billion.
The delegation included key officials such as Minister of State for Finance Dr. Doris Uzoka-Anite, Senate and House finance committee leaders, the Permanent Secretary of the Ministry of Finance, special advisers, and other top government officials. They engaged with global leaders, policymakers, and financial institutions to discuss systemic reforms designed to drive inclusive and sustainable development.
Governor Cardoso emphasized Nigeria’s forward momentum, stating, “We are moving in the right direction toward macroeconomic stability, fiscal discipline, and inclusive growth.”
Dr. Uzoka-Anite praised the delegation’s collaborative efforts, noting, “The outcomes we have achieved this week are a direct result of our strong collaboration. We return home with renewed vigour, renewed hope, and determination to deliver on our national priorities.”
Nigeria’s reform agenda has already attracted significant international investment, including over $8 billion in new energy sector investments, reflecting growing confidence in the country’s economic trajectory.
Furthermore, Nigeria now assumes the chairmanship of the Intergovernmental Group of Twenty-Four (G-24) on International Monetary Affairs and Development, positioning the nation to influence global financial policies and architecture.
With renewed international support and strengthened domestic policies, Nigeria is set to sustain economic stability, promote fiscal discipline, and ensure shared prosperity for all its citizens.