Nigeria has secured a permanent seat on the Board of the African Central Bank, the Minister of Foreign Affairs, Ambassador Yusuf Tuggar, announced on Friday. The development was a key outcome of the 39th Session of the Executive Council of the African Union.
Tuggar described the achievement as part of Nigeria’s broader diplomatic and institutional gains at the summit, reinforcing its leadership role in promoting Africa’s economic integration, peace, security, and democratic governance.
The minister highlighted that the permanent seat also extends Nigeria’s representation to the Board of the Technical Convergence Committee of the African Monetary Institute, which will eventually evolve into the African Central Bank. He said this recognition underscores Nigeria’s strategic importance in shaping Africa’s financial architecture.
In addition to financial leadership, the session witnessed Nigeria supporting the successful election of West African candidates to the Peace and Security Council, reflecting strong regional cohesion and commitment to collective security.
Tuggar further noted Nigeria’s role in strengthening democratic governance, citing its organisation of a Ministerial High-Level Panel on Regional Partnerships for Democracy. These steps, he said, demonstrate Nigeria’s technical capacity, economic significance, and dedication to advancing Africa’s monetary and governance integration agenda.
