Nigeria TV Info – International Business News

Africa Must Act Fast or Be Left Behind, Wale Edun Warns at G20 Investment Dialogue

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has issued a strong call for accelerated economic reforms across Africa, cautioning that the continent risks falling further behind if it fails to respond swiftly to shifting global realities.

Speaking in Johannesburg last week at the G20 Investment Breakfast Dialogue convened by MTN, Edun told an audience of South African CEOs, development partners, and officials of the Nigerian Investment Promotion Commission (NIPC) that Africa is at a turning point.

According to him, the continent is navigating “a moment of profound global economic change”—a period marked by new technological disruptions, realignments in global trade, tightening financial conditions, and increased competition for investment.

Edun stressed that Africa’s leaders must demonstrate courage, clarity, and coordinated action to create an environment that supports sustainable growth, regional integration, and investor confidence.

He highlighted Nigeria’s ongoing economic reforms under President Bola Tinubu’s administration, including efforts to stabilize the currency, attract foreign investment, and rebuild fiscal buffers. Edun noted that these reforms aim to reposition Nigeria—and by extension Africa—as a competitive investment destination.

He also urged multinational corporations and development partners to deepen collaboration with African governments, saying the continent’s youthful population, expanding digital economy, and natural resources remain significant global assets that must be leveraged.

The Johannesburg event formed part of broader engagements ahead of the G20 Summit, focusing on improving Africa’s investment climate and strengthening partnerships between the continent and global economic actors.

Nigeria TV Info will continue to monitor developments from the G20 discussions and their implications for Nigeria and Africa’s economic future.