Global Leaders Endorse Nigeria’s Reform Drive at IMF, World Bank Meetings

Global Leaders Endorse Nigeria’s Reform Drive at IMF, World Bank Meetings

JOEL OLADELE, Abuja

Nigeria’s bold economic reforms and renewed fiscal discipline have received strong international endorsement as global leaders, policymakers, and financial institutions expressed confidence in the country’s reform trajectory during the 2025 Annual Meetings of the International Monetary Fund (IMF) and World Bank Group in Washington, D.C.

Leading the Nigerian delegation, Central Bank Governor, Mr. Olayemi Cardoso, showcased the progress recorded under the reform agenda, noting visible improvements across key economic indicators, including declining inflation, stabilised exchange rates, and foreign reserves now surpassing $43 billion.

“We are moving in the right direction toward macroeconomic stability, fiscal discipline, and inclusive growth,” Cardoso said, stressing that Nigeria’s policies are built on transparency, resilience, and a renewed commitment to sustainable development.

The Nigerian delegation also featured Minister of State for Finance, Dr. Doris Uzoka-Anite, alongside top lawmakers and senior government officials, including Senator Muhammad Sani, Hon. Saidu Musa Abdullahi, Mrs. Lydia Shehu Jafiya, and Mrs. Sayande Okoli, among others.

Throughout the week-long meetings, the team engaged international partners and development institutions on Nigeria’s ongoing reforms, from fiscal management and debt sustainability to inclusive economic growth and energy transition.

Dr. Uzoka-Anite commended Cardoso’s leadership and the unity of purpose within the delegation, describing the outcomes of the Washington meetings as a reflection of Nigeria’s collective resolve to restore economic stability and investor confidence.

“The outcomes we have achieved this week are a direct result of our strong collaboration,” she said. “We return home with renewed vigour and determination to deliver on our national priorities.”

Nigeria’s reform momentum has also attracted over $8 billion in fresh investments, particularly in the energy sector, underscoring the renewed faith of international investors in the country’s long-term prospects.

In recognition of its growing global role, Nigeria was also elected Chair of the Intergovernmental Group of Twenty-Four (G-24) on International Monetary Affairs and Development, a platform that influences policy on global economic governance.

Observers say the country’s renewed engagement signals a return to proactive economic diplomacy, with Cardoso and Uzoka-Anite leading efforts to strengthen Nigeria’s credibility in the global financial system.

With rising international confidence and strategic partnerships, Nigeria’s economic team insists the country is firmly on course to achieve stability, discipline, and inclusive prosperity.