Reported by: Ime Richard Aondofa | Edited by: Henry Owen
Washington D.C., October 13, 2025 — In a move aimed at boosting economic resilience and fostering sustainable development, Nigeria’s Minister of State for Finance, Dr. Doris Uzoka-Anite, participated in a gathering of Commonwealth Finance Ministers on the sidelines of the World Bank and IMF Annual Meetings in Washington D.C.
The meeting convened finance ministers from across Commonwealth nations to discuss strategies for enhancing intra-Commonwealth trade, investment, and development funding. Delegates emphasized the importance of leveraging collective economic strength to unlock opportunities for growth and poverty reduction across member countries.
Dr. Uzoka-Anite highlighted Nigeria’s commitment to supporting the Commonwealth development agenda, advocating for increased funding to drive programs that aim to lift millions out of poverty. The minister underscored the importance of regional cooperation in strengthening economic infrastructure and enhancing trade relationships.
According to the Commonwealth Secretariat, intra-Commonwealth trade is, on average, 21% cheaper than trade outside the bloc and is projected to reach two trillion dollars by 2030, underscoring the economic potential of tighter collaboration.
The discussions reflected a shared determination among member states to harness collective action to create a more prosperous and inclusive economic future for their citizens. Delegates affirmed that coordinated efforts in trade, investment, and development financing would significantly improve livelihoods across the Commonwealth.
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