Nigeria has secured a permanent seat on the Board of the African Central Bank following deliberations at the 39th Session of the Executive Council of the African Union.
A statement issued on Friday by the Ministry of Foreign Affairs confirmed the milestone, describing it as a significant diplomatic achievement.
The Minister of Foreign Affairs, Yusuf Tuggar, who signed the statement, said Nigeria also secured representation on the Board of the African Monetary Institute through the Technical Convergence Committee.
“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,” the statement read.
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 strengthen Nigeria’s leadership role in promoting economic integration, institutional development, and democratic governance across the continent.
Peace and Security Milestones
On peace and security, the session saw the successful election of candidates jointly endorsed by the Economic Community of West African States (ECOWAS) into the AU 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,” the statement added.
High-Level Panel on Democracy
Nigeria also hosted a Ministerial High-Level Panel Discussion on Regional Partnerships for Democracy, which brought together ministers, senior officials, and delegates from across Africa and the international community. The panel facilitated constructive dialogue on strengthening democratic institutions, fostering inclusive governance, and enhancing collaborative regional approaches to sustaining democratic values.
The Federal Government said Nigeria’s engagements at the summit reaffirm its commitment to the AU’s objectives, including economic integration, peace, security, and democratic governance, and pledged continued collaboration with member states and regional bodies to advance shared prosperity and sustainable development across Africa.
