The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has been appointed as the Chairman of the African Governors’ Forum of the World Bank.
A statement by the Federal Ministry of Finance on its official X account, said the appointment marks the first time Nigeria has assumed the role of Chairman in 60 years.
The African Governors’ Forum is a platform for African finance ministers and central bank governors to engage with the World Bank on issues of mutual interest.
The African Caucus was established in 1963 to strengthen the voice of African Governors.
According to the IMF’s guiding principles for the caucus, the forum’s Chairman is based on the alphabetical order of African countries, which ensures that each country takes its turn to lead the group, preventing one nation from chairing the forum twice while others have yet to assume the role.
