Edun assumes G-24 chair, vows resource dev’t focus
Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has officially taken over the chairmanship of the Group of 24 (G‑24). In his inauguration statement on Thursday, he announced that the G‑24 will concentrate on “Optimising Resource Development for Inclusive, Job‑Rich Economic Transformation” during his tenure.Edun explained that the chosen theme embraces every vital resource—human, financial, physical and natural—needed for sustainable progress. He outlined the forward agenda, saying, _“We will foster substantive dialogue and action on a comprehensive agenda aimed at dismantling structural barriers to resource mobilisation and unlocking pathways to inclusive growth. This builds on the solid foundation laid by Argentina’s leadership.”_
He also underscored the urgency of correcting global financial imbalances, pointing to the massive financing gap for the Sustainable Development Goals, which he noted stands at a staggering $4 trillion – $5 trillion annually. Moreover, he warned of severe demographic pressures: roughly 1.2 billion young people are projected to enter the global labour market in the next 10‑15 years, yet only 400 million jobs are expected to be available.
Describing this trend as both a challenge and an opportunity, Edun called on member nations to strengthen macroeconomic stability, pursue economic diversification, and promote *private‑sector‑led growth. These measures, he said, will create the space needed for youth to contribute meaningfully to global economic development.
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