Mkpoikana Udoma
Port Harcourt — Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has called for a more inclusive global economic reset that gives emerging market economies greater influence in shaping international trade, monetary systems and macroeconomic policy.
Edun made the call in Saudi Arabia during a panel session of finance ministers from key emerging economies at the Al Ula Conference for Emerging Market Economies, where global finance leaders gathered to examine how the world economy should respond to profound structural shifts.
Speaking at the session, the minister argued that the ongoing transformation of the global economy presents an opportunity to rebalance decision-making structures that have historically favoured advanced economies.
“Emerging markets must have a stronger voice in the global economic reset if we are to build a system that is fair, resilient and responsive to today’s realities,” Edun said.
He highlighted the growing strategic role of Gulf nations in reshaping global trade routes, investment patterns and capital flows, noting that their increasing engagement with Africa and other emerging regions is redefining traditional economic alignments.
Edun stressed that Nigeria is positioning itself to deepen partnerships that support growth, investment and macroeconomic stability, while contributing to a more equitable global financial architecture.
“Nigeria remains committed to building stronger partnerships that advance shared prosperity and a more balanced international economic system,” he said.
The Al Ula Conference brought together policymakers from emerging markets, multilateral institutions and the private sector to explore reforms to global finance and trade frameworks, at a time of heightened geopolitical tension, shifting supply chains and tightening financial conditions.
For Nigeria, officials say the engagement aligns with ongoing domestic reforms aimed at restoring macroeconomic stability, attracting investment and strengthening the country’s role within the global and emerging market economy.
