Nigeria ‘Seeks Reform’ of Global Systems to Empower Africa, FM Tuggar Says

The shift toward multipolarity has created new opportunities for Africa to influence global governance. Beyond alliances, leaders are demanding fairer systems that reflect today’s realities rather than outdated hierarchies. Whether in the United Nations, global finance, or trade, Africa seeks recognition not as a passive participant but as a decisive actor.

Nigeria’s Foreign Minister, Yusuf Maitama Tuggar, in an exclusive interview with Sputnik Africa, stressed that unfair credit ratings cost African economies billions of dollars, weakening their development prospects. He argued that structural bias in financial assessments has long undermined the continent and that reform is essential for Africa to unlock its full economic potential.

“Some of these approaches, where you have a monopoly on credit rating being held by a few that don't take into cognizance so many other factors that should be captured when you're rating countries in terms of their bankability and their creditworthiness, you end up with an unfair system. That's why Nigeria has been at the forefront of championing the reform of global financial architecture,” the minister said.

The Nigerian top diplomat linked Africa’s historical experiences to present-day conflicts, stressing that the suffering in Gaza cannot be ignored. He said Nigeria has remained consistent in its call for peace and justice, insisting that human dignity must remain at the heart of diplomacy.

“Our past experiences are precisely why we were very passionate about the situation in Gaza and Palestine. And Nigeria has been consistent in calling for a two-state solution. Both Palestine and Israel have a right to exist. We are completely against what is happening in Gaza today. It is something that every human being should stand up and oppose. We have been part of the Committee of Nations that has criticized what’s going on, and we do not agree with the arguments or counter-arguments that are put forward. This conflict did not start on October 7th […] There’s no justification for the starvation of innocent human beings, for children losing their limbs, innocent children that have done nothing wrong. That is why we will continue to advocate for a solution,” the top diplomat stressed.

He also pointed to the promise of stronger economic links with Russia, particularly in energy, agriculture, and infrastructure. The conversation was held under the auspices of the Trade Commission of Russia to Nigeria, highlighting its role in building bridges for future cooperation.

To listen to what else the minister had to say, tune in to the Global South Pole podcast, brought to you by Sputnik Africa.

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