AU Summit: Nigeria gets permanent seat on Board of African Central Bank 

Minister of Foreign Affairs, Ambassador Yusuf Tuggar, says Nigeria has secured a permanent seat on the Board of African Central Bank

Tuggar revealed this in a statement on Friday.

According to him, during the just-concluded 39th Session of the Executive Council of the African Union, Nigeria recorded significant diplomatic and institutional achievements, consolidating its leadership role in advancing Africa’s economic integration, peace, security, and democratic governance.

He said 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. This decision also extends Nigeria’s representation to the Board of the Technical Convergence Committee of the African Monetary Institute, which serves as the precursor to the establishment of the African Central Bank.

“”These developments affirm Nigeria’s technical capacity, economic significance, and commitment to advancing Africa’s monetary integration agenda.

“In the area of peace and security, the session witnessed the successful election of the candidates collectively agreed upon by the Economic Community of West African States to the Peace and Security Council.

“This outcome reflects the strong cohesion, cooperation, and unity among ECOWAS Member States, as well as the region’s shared commitment to promoting stability and collective security across the continent.

“Furthermore, Nigeria demonstrated leadership in strengthening democratic governance across Africa by organising a Ministerial High-Level Panel Discussion on Regional Partnerships for Democracy,” the minister said.

AU Summit: Nigeria gets permanent seat on Board of African Central Bank