BY SAM OTUONYE 

Nigeria has advocated for a more equitable global financial architecture, even as it seeks a strengthened development partnership with Sweden  at the 2025 United Nations Summit.

Minister of State for Finance, Dr. Doris Nkiruka Uzoka-Anite, 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, reaffirmed Nigeria’s call for urgent reform of global finance.

She highlighted the need for re-allocation 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.

Similarly, Dr. Uzoka-Anite held strategic bilateral talks with Ms. Diane Janse, Swedish State Secretary for International Development Cooperation, on ways of strengthening Nigeria’s partnerships in key areas, such as, technology innovation, digital ecosystems, and green economy.

The partnerships, aimed at exploring opportunities for collaboration that would drive sustainable development and economic growth in Nigeria,

underscoring  Nigeria’s commitment to leveraging international partnerships to achieve its development goals.

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.