Oritsegbubemi Omatseyin
Lagos — In a significant step towards shaping a more equitable global financial architecture, the Federal Government of Nigeria has advocated for global financial reform during the 2025 United Nations Meetings.
The Minister of State for Finance, Dr. Doris Nkiruka Uzoka-Anite, reaffirmed Nigeria’s call for urgent reform of global finance while representing the country at the Special High-Level Meeting with Bretton Woods Institutions, WTO and UNCTAD, held at the United Nations Headquarters in New York.
She highlighted the need for reallocation of Special Drawing Rights, SDRs, to vulnerable economies; UN-led mechanisms for sovereign debt restructuring as well as an inclusive global financial system that centres development over austerity.
The Minister, who expressed optimism that a fairer international financial architecture is crucial for achieving sustainable development and reducing inequality, observed that developing economies undertaking ambitious reforms require tailored support and concessional financing to ensure their efforts yield meaningful results for their citizens.
By advocating for these critical reforms, Nigeria underscores its commitment to bridging the global financing gap and promoting a more inclusive and equitable financial system that supports development and prosperity for all nations.
