ABUJA, Nigeria – Nigeria secures a permanent seat on the Board of the African Central Bank, marking a major diplomatic and economic milestone at the African Union Executive Council.
In a statement on Friday, Foreign Affairs Minister Yusuf Tuggar says the decision reflects Nigeria’s technical capacity, economic weight and leadership in Africa’s monetary integration drive.
“This landmark development underscores Nigeria’s strategic role in shaping Africa’s financial architecture,” Tuggar says.
Nigeria also gains representation on the Board of the African Monetary Institute through the Technical Convergence Committee.
The Executive Council also elects candidates jointly endorsed by ECOWAS to the AU Peace and Security Council, reinforcing West Africa’s collective commitment to stability.
Nigeria further hosts a Ministerial High-Level Panel on Regional Partnerships for Democracy, attracting officials from across Africa and the international community.
The Federal Government says the outcomes reaffirm Nigeria’s commitment to economic integration, peace, security and democratic governance across the continent.
