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PICTORIAL: Nigeria takes over G-24 leadership, promises global economic reforms

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Nigeria has assumed the chairmanship of the Intergovernmental Group of Twenty-Four.

The federal government has pledged to amplify the voices of developing nations and drive inclusive global economic reforms when it formally takes office on November 1, 2025.

This was disclosed in a series of posts by the Central Bank of Nigeria on its official X handle on Wednesday.

The G-24 which was formed in 1971, brings together developing nations to forge common positions on global monetary policy and development financing, ensuring their collective voice is heard in international economic decision-making.

The Central Bank of Nigeria Governor, Olayemi Cardoso and others at the Intergovernmental Group of Twenty-Four annual meeting. Photo: CBN
The Central Bank of Nigeria Governor, Olayemi Cardoso and others at the Intergovernmental Group of Twenty-Four annual meeting. Photo: CBN

The CBN Governor, Olayemi Cardoso, on behalf of the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, reiterated Nigeria’s commitment to strengthening the voice of the G-24 as a catalyst for inclusive dialogue and reform.

Cardoso stated, “Our focus will be on sustaining momentum in areas that matter most to our members. We look forward to working with members to advance our shared mission of inclusive growth, equity, and global stability.

The Central Bank of Nigeria Governor, Olayemi Cardoso at the Intergovernmental Group of Twenty-Four annual meeting. Photo: CBN
The Central Bank of Nigeria Governor, Olayemi Cardoso at the Intergovernmental Group of Twenty-Four annual meeting. Photo: CBN

“We are determined to ensure that the G-24 continues to be a formidable platform for representing the common interests of emerging and developing economies.”

Recall, in 2024, the federal government called for increased investments and trading partnerships from member countries of the G-24.

Edun had highlighted Nigeria’s strong potential to attract foreign investment across key sectors such as manufacturing, agriculture, and oil and gas.

He further pointed out that Nigeria possesses one of the largest expanses of arable land in the world, second only to Brazil, underscoring the nation’s potential to shift from being a food importer to a leading global food exporter.

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Old tax laws made Nigerians poor – President Tinubu

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President Bola Tinubu has said colonial-era tax laws contributed to economic hardship in the country and made many Nigerians poor..

The Special Adviser to the President on Information and Strategy, Bayo Onanuga, who disclosed this in a statement, titled,”Old tax laws made Nigerians poor, new systems will create opportunities and prosperity, said President Tinubu made the remark during the commissioning of the 16-storey Nigeria Revenue Service, NRS, Headquarters in Abuja.

According to the statement, President Tinubu said the new tax reforms introduced by his administration were designed to create a more inclusive, “investment-friendly and people-centred system that would drive long-term economic growth.” He said the new tax system, which became fully operational in January, was introduced to replace outdated colonial structures and strengthen Nigeria’s fiscal foundation.

“On my inauguration day, I made a solemn pledge that we will move Nigerians from the dimness of uncertainty into the clear light of renewed hope. I committed to confronting structural weaknesses, restoring financial stability, and building an economy anchored in discipline, equity, and opportunity.

Today, I stand before you to reaffirm that these words were not rhetoric; they were a covenant with the Nigerian people.”

He described the new reforms as a deliberate effort to build a transparent and efficient revenue system capable of supporting national development and restoring public trust in government institutions.

Addressing concerns about the reforms, Tinubu said the system was designed to simplify taxation, eliminate distortions, and promote fairness while protecting vulnerable Nigerians.

“The reforms are designed to simplify our system, eliminate distortions and create a fair, transparent and investment-friendly environment. Our direction is clear: to have a revenue system that rewards enterprise, supports growth, and ensures that every contribution to the national cause is matched by feasible value for the people” he said.

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Nigeria’s economy is growing faster than U.S, UK- President Tinubu’s aide, Daniel Bwala says

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The Special Adviser to President Tinubu on Policy Communication, Daniel Bwala, has stated that Nigeria’s economic outlook has improved and is growing faster than that of the UK and the US.

Bwala said this on his X handle while reacting to the latest International Monetary Fund (IMF) World Economic Outlook released in April 2026.

According to the IMF report, Nigeria’s economy is projected to grow by 4.1% in 2026, surpassing the United States (2.3%), the United Kingdom (0.8%), Germany (0.8%), and South Africa (1.0%). Growth is also forecast at 4.3% in 2027, placing Nigeria among the stronger performers in Sub-Saharan Africa, where the regional average is projected at 4.3% for 2026.

In his post, Bwala Bwala attributed the outlook to ongoing reforms under President Bola Ahmed Tinubu’s administration. He added that although reforms have been challenging, they are beginning to yield results.

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Otti unveils Abia-ANPA medical mission, seeks more collaboration

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Abia State Governor, Alex Otti, has flagged off a five-day Association of Nigerian Physicians in the Americas medical mission, a free medical outreach organised by the state government in collaboration with ANPA, holding in Aba and Umuahia, the state capital.

Declaring the medical mission open on Tuesday, Otti thanked ANPA for returning to Abia for its 2026 medical mission, just two years after its last outreach in the state.

“We are proud to have found a team of reliable development partners in ANPA, who have not only come to lift the burden of difficult health conditions for several members of our community but also to offer hands-on training and mentorship to hundreds of healthcare professionals working here.

“We also appreciate the team of ophthalmologists from our sister state here in Nigeria who have joined this mission to attend to the critical healthcare needs of our people. Thank you for volunteering your much sought-after expertise,” Otti stated.

The governor reaffirmed his administration’s unwavering commitment to prioritising healthcare, noting that his policies have consistently been driven by the desire to enhance the social and economic well-being of the people.

He emphasised that infrastructure development must align with the broader governance agenda of improving citizens’ welfare.

Otti used the occasion to call for more structured and long-term collaboration with ANPA, directing the State Ministry of Health to initiate discussions toward a formal partnership framework.

“We want ANPA to be involved in the entire spectrum of our healthcare delivery efforts, from remote consultations and advisory services through our soon-to-be-launched digital health services portal, to other support systems that will enable the state to benefit extensively from their global exposure and reach,” he said.

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The governor noted that the overarching goal remains improving the health and well-being of Abians, especially vulnerable groups, including pregnant women, nursing mothers, newborns, and infants.

“We are committed to exploring every opportunity to improve our health indices because quality healthcare delivery is central to the wealth and prosperity of our population and the restoration of human dignity,” he added.

He further disclosed that he had directed the Commissioner for Health and his team to open further negotiations with Dr Cliff Eke and ANPA leadership to develop a structured partnership framework between the state and the association.

Also speaking, the Deputy Chairman, House Committee on Health, and member representing Ikwuano State Constituency, Boniface Isienyi, said the House was pleased with the governor’s efforts in the healthcare sector.

He commended Otti for providing a conducive environment for the programme and thanked ANPA for returning to Abia.

In his remarks, the Commissioner for Health, Prof. Enoch Uche, described the medical mission as a testament to the state government’s strategic approach to health sector reforms through global partnerships.

He said, “Abia’s healthcare reforms have led to a significant increase in hospital patronage and improved health indices, positioning the state as a national leader in healthcare delivery.

“This medical mission targets at least 1,500 consultations and over 100 free surgeries, while encouraging residents to take full advantage of the opportunity.”

In his speech, the President of ANPA, Dr Cliff Eke, described the initiative as part of a broader diaspora-driven health intervention aimed at strengthening healthcare systems across Nigeria.

He noted that this was the first time ANPA was conducting back-to-back medical missions in the state, attributing it to the governor’s commitment to healthcare.

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Eke added that ANPA’s intervention goes beyond medical services to include capacity building, knowledge exchange, and long-term system strengthening through partnerships and telemedicine.

Earlier in her welcome address, the Chairman of the Medical Mission Committee and Director-General of the Abia State Agency for the Control of AIDS, Dr Uloaku Ukaegbu, expressed appreciation to the governor for his consistent support for healthcare development.

She described the outreach as a major step toward achieving equitable access to healthcare, noting that over 15,000 residents benefited from similar missions in the past year, with more than 300 surgeries successfully conducted.

She further highlighted additional components of the mission, including a youth-focused sexual and reproductive health programme scheduled to be held at Ogbonnaya Onu Polytechnic.

Also speaking, the Chief Executive Officer of Quantus Medical Foundation, Dr Nnenna Ihekorommadu, highlighted the forthcoming Abia Healthcare Rebirth Initiative, aimed at promoting compassionate care, accountability, and excellence in healthcare delivery across the state.

She noted that the initiative would complement ongoing efforts by strengthening the capacity of healthcare workers through training and value reorientation.

The flag-off event was attended by stakeholders in the healthcare sector, including senior appointees of the state.

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