Nigeria Prepares to Host African Monetary Institute by 2026

Nigeria is ramping up its efforts to enhance monetary cooperation and financial integration across Africa, with plans to host the African Monetary Institute (AMI) by September 2026. Central Bank of Nigeria Governor Olayemi Cardoso and Finance Minister Olawal Edun represented the federal government at a high-level engagement during the IMF and World Bank spring meetings in Washington D.C.

They assured that Nigeria is prepared to fulfill its obligations as the host country, ensuring timely operationalization of the AMI. The institute, which was adopted by African Union heads of state in February 2026, aims to strengthen macroeconomic convergence and promote monetary policy coordination across the continent.

Nigeria is committed to translating milestones into practical actions, with dedicated offices in Abuja to facilitate AMI operations. The establishment of the AMI is seen as a critical step towards achieving financial sovereignty and enhancing economic integration in Africa, with a focus on cross-border trade and policy coordination.