Edun charts course for inclusive economic transformation as G-24 Chair

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has officially taken over as Chairman of the Intergovernmental Group of Twenty-Four (G-24).

In a statement released on Thursday, Edun announced that his leadership will prioritize “Optimising Resource Development for Inclusive, Job-Rich Economic Transformation.”

He explained that the theme underscores the importance of harnessing all forms of resources human, financial, physical, and natural for sustainable and inclusive economic growth.

Edun added that the initiative will aim to promote equitable development and create more employment opportunities across member nations.

According to him, “We will foster substantive dialogue and action on a comprehensive agenda aimed at dismantling structural barriers to resource mobilization and unlocking pathways to inclusive growth. This builds on the solid foundation laid by Argentina’s leadership.”

Edun also emphasized the urgent need to correct global financial imbalances, noting that the estimated annual financing gap required to meet the Sustainable Development Goals (SDGs) stands at a staggering $4 trillion to $5 trillion.

He further highlighted demographic pressures, warning that about 1.2 billion young people are expected to enter the global labour market over the next 10 to 15 years, competing for only 400 million available jobs.

While describing the demographic trend as both a challenge and an opportunity, Edun urged member countries to strengthen macroeconomic stability, pursue economic diversification, and encourage private-sector-led growth to create the space needed for young people to contribute meaningfully to global economic development.

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