Nigeria has secured a permanent seat on the Board of the African Central Bank following deliberations at the 39th Session of the Executive Council of the African Union.
The development was disclosed in a statement issued on Friday, by the Minister of Foreign Affairs, Ambassador Yusuf Tuggar.
According to the statement, the decision marks a significant diplomatic milestone for Nigeria and strengthens its role in shaping Africa’s financial architecture and advancing the continent’s monetary integration agenda.
The statement noted that the decision also extends Nigeria’s representation to the Board of the Technical Convergence Committee of the African Monetary Institute, the body responsible for laying the groundwork for the establishment of the African Central Bank.
On peace and security, the minister stated that candidates collectively endorsed by the Economic Community of West African States were successfully elected to the Peace and Security Council during the session. The outcome, he said, reflects strong cohesion and cooperation among ECOWAS member states and their shared commitment to promoting stability across the continent.
The statement further highlighted Nigeria’s role in promoting democratic governance, noting that the country organised a Ministerial High-Level Panel Discussion on Regional Partnerships for Democracy. The event attracted ministers, senior government officials, and delegates from across Africa and the international community, and focused on strengthening democratic institutions, fostering inclusive governance, and enhancing regional collaboration.
According to the minister, Nigeria’s engagements and outcomes at the session reaffirm the country’s commitment to the ideals of the African Union, particularly in advancing economic integration, institutional development, peace, security, and democratic governance across Africa.
