Dare Babalola
Nigeria has emerged victorious at the 39th Session of the Executive Council of the African Union, securing a permanent seat on the Board of the African Central Bank, a landmark achievement that underscores the country’s strategic role in shaping Africa’s financial architecture.
The decision, made during the recent AU summit, also grants Nigeria representation on the Board of the Technical Convergence Committee of the African Monetary Institute, a precursor to the establishment of the African Central Bank.
This development is a testament to Nigeria’s technical capacity, economic significance, and commitment to advancing Africa’s monetary integration agenda.
According to a press statement issued on Friday by the Ministry of Foreign Affairs, Nigeria’s achievement is a major diplomatic and institutional win, consolidating its leadership role in promoting Africa’s economic integration, peace, security, and democratic governance.
In addition to the African Central Bank seat, Nigeria also recorded success in the election of candidates to the Peace and Security Council, with the Economic Community of West African States (ECOWAS) presenting a united front.
Nigeria also demonstrated its commitment to democratic governance by organizing a Ministerial High-Level Panel Discussion on Regional Partnerships for Democracy, which attracted wide participation from ministers, senior government officials, and delegates from across the continent and the international community.
“The event facilitated constructive dialogue on strengthening democratic institutions, fostering inclusive governance, and enhancing collaborative regional approaches to sustaining democratic values,” the statement read.
Minister of Foreign Affairs, Ambassador Yusuf Tuggar, reaffirmed Nigeria’s commitment to the ideals and objectives of the African Union, particularly in promoting economic integration, institutional development, peace, security, and democratic governance across the continent.
“The Federal Government of Nigeria remains dedicated to working collaboratively with Member States and regional bodies to advance Africa’s shared prosperity and sustainable development,” the minister said.
