The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, will head Nigeria’s delegation to the 2025 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group in Washington DC, which kick off on Monday, October 13. The high-level meetings will bring together global financial leaders to discuss economic stability, debt management, and development financing amid a shifting global economy.
According to a statement by presidential aide Bayo Onanuga on Sunday, Cardoso—who serves as Nigeria’s alternate governor at the IMF and World Bank—will stand in for the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, who is currently recovering from an undisclosed ailment. The Minister of State for Finance, Doris Uzoka-Anite, will also be part of the Nigerian delegation. The presidency assured that Edun is “recovering well” and remains in close communication with the team.
The World Bank confirmed that this year’s meetings will feature several major sessions, including the Development Committee Plenary scheduled for October 16 and the International Monetary and Financial Committee (IMFC) meeting on October 17. These sessions are expected to address key global economic challenges such as inflation control, sustainable development financing, and financial inclusion.
Beyond the core sessions, the week-long event will also include regional briefings, press conferences, and policy dialogues focused on strengthening global financial markets and fostering international cooperation. These discussions often shape economic strategies for developing nations like Nigeria, especially in areas of investment, currency stability, and debt restructuring.
Cardoso’s leadership at the global financial summit comes shortly after the CBN’s recent interest rate cut—a move aimed at stimulating business growth and expanding access to capital in Nigeria. Analysts suggest that Cardoso’s participation in Washington could help project confidence in Nigeria’s economic direction and reinforce international investor trust in the country’s fiscal and monetary reforms.
source: business day