Nigeria has secured a permanent seat on the Board of the African Central Bank, marking a major achievement for the country at the 39th Session of the African Union Executive Council.
This development also gives Nigeria a position on the Board of the Technical Convergence Committee of the African Monetary Institute, the body preparing for the African Central Bank’s formal establishment.
Naija News reports that this was disclosed in a statement signed by the Minister of Foreign Affairs, Yusuf Tuggar.
According to the statement, this achievement reflects Nigeria’s growing influence in shaping Africa’s financial systems and its commitment to the continent’s monetary integration.
In peace and security, candidates endorsed by the Economic Community of West African States were successfully elected to the African Union Peace and Security Council.
This result demonstrates unity and cooperation among West African nations in advancing stability and collective security across Africa.
Nigeria also led efforts to support democratic governance by hosting a Ministerial High-Level Panel on Regional Partnerships for Democracy.
The event brought together ministers, senior officials, and delegates from across Africa and beyond to discuss strengthening democratic institutions, inclusive governance, and regional collaboration to uphold democratic values.
The outcomes of the 39th Executive Council session reflect Nigeria’s dedication to the African Union’s goals of economic integration, institutional development, peace, security, and democratic governance.
The Nigerian government said it remains committed to working with African nations and regional bodies to promote shared prosperity and sustainable development.