Nigeria has urged for a reset of the global economic system to ensure fairer treatment for emerging market economies in trade, finance, and monetary policies.
The call was made by Finance Minister and Coordinating Minister of the Economy, Wale Edun, on Sunday in Saudi Arabia during the Al Ula Conference for Emerging Market Economies, where finance leaders from major emerging markets convened to discuss shifts in global economic structures.
Edun highlighted that the current global economic system no longer reflects today’s realities and emphasized that emerging markets must have a stronger voice in shaping the new global economic order.
He also pointed out the growing influence of Gulf countries in global trade and finance, noting the region’s rising role in investment and capital flows. Nigeria sees significant opportunities for closer collaboration with Gulf nations to boost trade, infrastructure development, and long-term investment.
“Nigeria is committed to strengthening partnerships that will support a more equitable global financial architecture,” Edun stated, underlining the country’s push for fairness and balance in international economic policies.
This move positions Nigeria as an active advocate for emerging economies seeking a greater role in global decision-making and economic governance.
