Nigeria Secures Permanent Seat on African Central Bank Board

Nigeria has achieved a significant milestone by securing a permanent seat on the board of the African Central Bank during the 39th session of the African Union Executive Council. This position on the Technical Convergence Committee of the African Monetary Institute is a preparatory step for the formal establishment of the African Central Bank.

The announcement was made in a statement signed by the Minister of Foreign Affairs. This achievement underscores Nigeria's increasing influence in shaping Africa's financial system and its commitment to monetary integration and peace security.

Additionally, Nigeria successfully endorsed its candidacy for the African Union Peace and Security Council, demonstrating unity and cooperation among West African nations to advance collective security across the continent. The Nigerian government remains dedicated to working with African nations to promote shared prosperity and sustainable development, aligning with the goals of the African Union regarding economic integration, institutional development, and democratic governance.