Friday, February 13, 2026
30.6 C
Lagos

Nigeria Secures Permanent Seat on the Board of African Central Bank

During the just-concluded 39th Session of the Executive Council of the African Union, Nigeria recorded significant diplomatic and institutional achievements, consolidating its leadership role in advancing Africa’s economic integration, peace, security, and democratic governance.

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. This decision also extends Nigeria’s representation to the Board of the Technical Convergence Committee of the African Monetary Institute, which serves as the precursor to the establishment of the African Central Bank.

These developments affirm Nigeria’s technical capacity, economic significance, and commitment to advancing Africa’s monetary integration agenda.

In the area of peace and security, the session witnessed the successful election of the candidates collectively agreed upon by the Economic Community of West African States to the 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.

Furthermore, Nigeria demonstrated leadership in strengthening democratic governance across Africa by organising a Ministerial High-Level Panel Discussion on Regional Partnerships for Democracy.

The event attracted wide participation from ministers, senior government officials, and delegates, not only from the West African region but from across the continent 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.

Nigeria’s engagements and outcomes at the 39th Executive Session of the Executive Council reaffirm the country’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.

spot_img
spot_img
spot_img

Hot this week

Tinubu Hails BOI on N636bn Loan Disbursement to Businesses in 2025

President Bola Ahmed Tinubu has commended the Bank of...

Index-Based Livestock Insurance Consortium Disburses ₦181.9m in Claims Payouts to Livestock Herders

A consortium of insurance companies led by Leadway Assurance...

SanlamAllianz General Insurance Appoints Jacqueline Agweh as MD/CEO

 SanlamAllianz General Insurance has announced the appointment of Mrs....

BudgIT Claims 92 Fraudulent Projects Out of 2,760 in 2024/2025 Tracka Report

Tracka, BudgIT’s service delivery promotion platform, which allows citizens...

Transcorp, DMO, MTN, Dangote Cement, CardinalStone, among Winners at NGX Made of Africa Awards

Transnational Corporation Plc, the Debt Management Office, CardinalStone, Chapel...

Topics

NIA Chair, Tope Smart, Visits Stock Exchange

L – R: Mr. Oscar N. Onyema, Chief Executive...

NNPC Inks Floating LNG Agreement with UTM Offshore, Advancing Domestic Gas Use in Nigeria

The Nigerian National Petroleum Corporation (NNPC) signed a Heads...

Africa, Middle East Hardware Market Flat in 2O15

A new research report released yesterday by International Data...

Interswitch Partner SlimTrader on MoBiashara Portal for Hotels

Interswitch, an Africa-focused digital payments and commerce company is...

‘Nigeria Should Not Panic over Energy Transition, Leads in Oil/Gas Local Content’

Engr. Simbi Wabote, Executive Secretary, Nigerian Content Development and...

MTN Nigeria Refutes Bribery Allegation Over NCC Fine

MTN Nigeria has denied a bribery allegation over its...

Goldlink Insurance Projects N1Obn Premium by 2O18

Goldlink Insurance Plc is projecting premium income of N1O...

iStore Unveils latest Apple iPad Pro Product

"As the home of everything Apple, iStore is proud...
spot_img

Related Articles

Popular Categories

spot_imgspot_img