Nigeria has secured a permanent seat on the Board of the African Central Bank, marking a major diplomatic and institutional victory at the 39th Session of the Executive Council of the African Union (AU).
The decision also grants Nigeria representation on the Board of the Technical Convergence Committee of the African Monetary Institute, a precursor to the establishment of the African Central Bank, further positioning the country at the heart of Africa’s evolving financial architecture.
Nigeria’s Minister of Foreign Affairs, Ambassador Yusuf Tuggar, described the development as a landmark recognition of the country’s economic stature and technical capacity.
“This decision underscores Nigeria’s strategic role in shaping Africa’s monetary and financial future and affirms our commitment to driving the continent’s integration agenda,” Tuggar said.
“Nigeria’s permanent presence on the African Central Bank Board reflects our economic significance, technical expertise, and unwavering dedication to Africa’s shared prosperity,” he added.
Beyond economic integration, Nigeria also recorded gains in peace and security, with candidates collectively agreed upon by the Economic Community of West African States (ECOWAS) successfully elected to the AU Peace and Security Council.
Tuggar said the outcome demonstrated the unity and coordinated diplomacy of ECOWAS member states.
“The successful election of ECOWAS-backed candidates reflects our region’s cohesion and collective resolve to promote stability, peace, and security across Africa,” he said.
Nigeria further reinforced its leadership in democratic governance by convening a Ministerial High-Level Panel on Regional Partnerships for Democracy, which drew participation from ministers, senior officials, and international partners across the continent.
“The discussions provided a critical platform for strengthening democratic institutions, promoting inclusive governance, and advancing regional collaboration to sustain democratic values,” Tuggar noted.
He said Nigeria’s engagements at the AU Executive Council session reaffirmed its commitment to the Union’s core objectives.
“Nigeria remains fully committed to advancing economic integration, institutional development, peace, security, and democratic governance across Africa,” the minister said.
“We will continue to work closely with member states and regional bodies to achieve Africa’s shared vision of sustainable development and prosperity.”
