Cardoso represented Wale Edun, Nigeria’s Minister of Finance and Coordinating Minister of the Economy as G-24 Vice Chair.
He said: “We’re part of a global framework that seeks to address social inequalities, maintain balance, and correct macroeconomic disorders,” Cardoso said.
“Maintaining domestic finances in order is critical. It reduces the burden on governments and ensures that our policies deliver sustainable growth for Nigerians.”
The G-24, currently chaired by Pablo Quirno of Argentina coordinates developing nations’ positions on key monetary and development issues, particularly in relation to the International Monetary Fund and the World Bank.
Its mandate is to represent the interests of emerging economies in global financial discussions, advocating for policies that expand access to financing, ensure fair taxation, and strengthen economic resilience. Cardoso explained that Nigeria’s engagement is not just ceremonial.
“The G-24 is a body with shared interests. We regularly meet with the IMF Managing Director and World Bank representatives to understand global challenges.
“These dialogues are continuous and the insights we gain are instrumental in shaping our domestic economic strategies”, he said. Cardoso highlighted Nigeria’s resilience in the face of global financial pressures.
