Abubakar Siddiq Ibn Usman
Barbara Bako, Abuja.
Nigeria’s economic outlook took center stage at the G24 meetings on the sidelines of the IMF and World Bank Annual Meetings in Washington D.C., where Minister of State for Finance, Dr. Doris Uzoka-Anite, and CBN Governor, Olayemi Cardoso, led the nation’s delegation.
The discussions, which focused on domestic resource mobilization, inflation, and sound macroeconomic policies, brought together finance and central bank leaders from developing nations to exchange insights on global and regional economic trends.
Speaking at the session, Cardoso disclosed that “Nigeria’s trade surplus has risen to 6% of the nation’s Gross Domestic Product (GDP) and is expected to remain at that level in the near term.”
He attributed the improvement to “sound macroeconomic policies that are beginning to yield positive results.”
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The CBN Governor also emphasized the link between disciplined fiscal management, growth, and price stability, noting that “there is a strong correlation between disciplined economic management, growth, and disinflation.”
He further revealed that the apex bank is developing “a framework to make currency swaps with other countries a win-win affair.”
Dr. Uzoka-Anite’s participation underscored the Federal Government’s commitment to deepening engagement with global financial institutions and partners to strengthen economic cooperation.
The G24 meetings reaffirm Nigeria’s ongoing efforts to build a resilient economy through sound policy choices and constructive international dialogue.
Agency News
