Move reinforces Nigeria’s influence in shaping Africa’s financial system as country also gains representation in key monetary and peace institutions……..
Nigeria has secured a permanent seat on the Board of the African Central Bank after deliberations at the 39th Session of the Executive Council of the African Union, marking what officials describe as a significant diplomatic achievement.
In a statement issued on Friday, the Ministry of Foreign Affairs said the development reflects Nigeria’s growing influence in continental economic governance. The statement was signed by the Minister of Foreign Affairs, Yusuf Tuggar, who also confirmed that Nigeria obtained representation on the Board of the African Monetary Institute through the Technical Convergence Committee.
According to the ministry, the decision to grant Nigeria a permanent position on the African Central Bank Board highlights the country’s strategic importance in shaping Africa’s financial architecture. The government said the move recognises Nigeria’s technical strength, economic weight, and sustained commitment to advancing monetary integration across the continent.
Tuggar noted that the outcome further strengthens Nigeria’s leadership role in promoting economic cooperation, institutional development, and democratic governance in Africa.
On peace and security, the ministry disclosed that candidates jointly endorsed by the Economic Community of West African States were successfully elected into the AU Peace and Security Council. The government described the development as a reflection of unity and strong collaboration among ECOWAS member states, as well as their shared resolve to promote stability and collective security across the region and the wider continent.
The statement also revealed that Nigeria hosted a Ministerial High-Level Panel Discussion on Regional Partnerships for Democracy on the sidelines of the summit. The event brought together ministers, senior government officials, and delegates from across Africa and the international community.
According to the ministry, the panel provided a platform for constructive engagement on strengthening democratic institutions, promoting inclusive governance, and deepening regional cooperation to sustain democratic values.
The Federal Government said Nigeria’s participation and outcomes at the session reaffirm the country’s commitment to the core objectives of the African Union, including economic integration, peace and security, and democratic governance. It added that Nigeria will continue working closely with member states and regional organisations to advance shared prosperity and sustainable development across the continent.
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