Nigeria has secured a permanent seat on the Board of the African Central Bank during the 39th Session of the Executive Council of the African Union.
The decision also grants Nigeria representation on the Board of the Technical Convergence Committee of the African Monetary Institute, a precursor to the African Central Bank.
In a statement released on Friday, the Ministry of Foreign Affairs said the developments reflect Nigeria’s role in shaping Africa’s financial architecture and its commitment to advancing monetary integration on the continent.
The session also recorded the election of candidates supported by the Economic Community of West African States (ECOWAS) to the Peace and Security Council, highlighting regional cooperation in promoting stability and collective security.
In addition, Nigeria hosted a Ministerial High-Level Panel Discussion on Regional Partnerships for Democracy.
The panel comprised ministers, senior government officials and delegates from across Africa and the international community, focusing on strengthening democratic institutions, promoting inclusive governance and fostering regional collaboration.
Minister of Foreign Affairs, Yusuf Tuggar, said the outcomes reaffirm Nigeria’s commitment to the objectives of the African Union, including economic integration, institutional development, peace, security, and democratic governance.
The ministry added that Nigeria will continue to work with member states and regional bodies to advance shared prosperity and sustainable development across Africa.
