The Ministry of Finance has announced a strategic collaboration with the Organisation for Economic Co-operation and Development (OECD) to curb illicit financial flows and strengthen Nigeria’s economic framework.
This development was shared in a statement titled “OECD Deepens Economic Ties with Nigeria” on the Ministry of Finance’s X platform on Tuesday, March 25, 2025.
The OECD emphasised its growing African engagement through partnerships with the African Union, regional blocs, and direct country-level initiatives.
The partnership was formalised during a courtesy visit by Carlos Conde, Head of the Middle East and Africa Division at OECD, to Wale Edun, Nigeria’s Honourable Minister of Finance and Coordinating Minister of the Economy.
Nigeria was identified as a key partner in West Africa, with discussions focusing on economic priorities such as capital market development, regional integration, sustainable finance, and investment in human capital.
“Discussions focused on Nigeria’s economic priorities, including capital market development, regional integration, curbing illicit financial flows, sustainable finance, and investment in human capital,” the statement noted.
The OECD also outlined its technical support offerings, including assistance in digitalization, governance, and statistical systems.
Edun welcomed the collaboration, highlighting the importance of harmonised data systems to drive reforms, attract investments, and create opportunities for Nigeria’s youth.
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