Finance
Nigeria secures African Central Bank, AMI board seats
The Minister of Foreign Affairs, Yusuf Tuggar, said that Nigeria has been granted a permanent seat on the Board of the African Central Bank, and also secured representation on the Board of the African Monetary Institute through the Technical Convergence Committee.
Tuggar, in a statement on Friday, said that the approvals were announced during the 39th Session of the Executive Council of the African Union.
“A major highlight of the session was the Council’s agreement to grant Nigeria a permanent seat on the Board of the African Central Bank. This landmark development underscores Nigeria’s strategic role in shaping Africa’s financial architecture.” said Tuggar.
According to the ministry, the decision reflects Nigeria’s “technical capacity, economic significance, and commitment to advancing Africa’s monetary integration agenda.”
Tuggar added that the outcomes further consolidate the country’s leadership role in promoting economic integration, institutional development, and democratic governance across the continent.
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