Nigeria Participates in First Biennial Summit on Financing for Development

Published on 25 September 2025 at 10:30

Nigeria took part in the First Biennial Summit, a follow-up to the Financing for Development Summit in Sevilla, with discussions centered on the role of trade in supporting financing for the Sustainable Development Goals (SDGs).

Deliberations highlighted strategies to attract value-added investments that enable countries to trade more and boost foreign exchange earnings, as well as the need to repurpose trade-distorting or environmentally harmful subsidies, particularly in line with the fisheries subsidies agreement.

The high-level session featured global leaders, including Canada’s Prime Minister H.E. Mark Carney, President of the European Council H.E. Antonio Costa, UN Deputy Secretary-General Amina J. Mohammed, Dr. Mahmoud Mohieldin, Masood Ahmed, IMF Managing Director Kristalina Georgieva, and Axel van Trotsenburg of the World Bank.

๐Ÿ“ฉ Reported by: Stone Reporters News
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