IMF and World Bank Praise Taiwo Oyedele’s G-24 Leadership

At the 2026 IMF and World Bank Group Annual Meetings in Bangkok, Nigerian Finance Minister Taiwo Oyedele chaired the G-24 Board of Governors and called for a fairer global financial system, affordable financing and faster resolution of sovereign debt crises. IMF Managing Director Kristalina Georgieva and World Bank Senior Managing Director Axel van Trotsenburg praised his leadership. Oyedele said developing economies were paying about $500 billion more in debt servicing than developed countries and urged international institutions to make concessional financing more accessible. He also presented Nigeria’s fuel subsidy removal, foreign exchange liberalisation and tax reform as lessons for Africa, citing cash transfers and education support to help vulnerable people.