Nigeria has secured a permanent seat on the Board of the African Central Bank (ACB) following a decision by the Executive Council of the African Union (AU), the Ministry of Foreign Affairs has announced.
The Minister of Foreign Affairs, Yusuf Tuggar, disclosed the development in a statement on Friday, describing it as a major diplomatic and institutional milestone that underscores Nigeria’s influence in shaping Africa’s financial and economic architecture.
According to Tuggar, the decision ranked among Nigeria’s key achievements at the recently concluded 39th session of the AU Executive Council, where the country recorded notable gains in diplomacy, economic integration and institutional leadership.
“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,” the minister said. “This landmark decision reflects Nigeria’s strategic role in advancing Africa’s financial architecture and monetary integration.”
He explained that the approval also extends Nigeria’s representation to the Board of the Technical Convergence Committee of the African Monetary Institute, which serves as the institutional precursor to the establishment of the African Central Bank.
The development, Tuggar noted, affirms Nigeria’s technical capacity, economic weight and long-standing commitment to Africa’s monetary integration agenda.
