Nigeria has officially become a member of the European Bank for Reconstruction and Development (EBRD), which is a move aimed at enhancing private sector access to international capital and aiding the country’s long-term economic transformation.
A statement from Mohammed Manga, Director of Press at the finance ministry, revealed that Mr. Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, headed a high-level delegation to the EBRD 2025 Annual Meetings in London, where the organisation’s admission was officially confirmed.
During the Board of Governors’ Plenary Session, Edun characterized Nigeria’s membership as a strategic milestone that corresponds with President Bola Ahmed Tinubu’s Renewed Hope Agenda.
Nigeria can be proud today. Becoming a member of the EBRD is a key event in our process of reforming the economy. We are dedicated to establishing a transparent, rules-based economy that fosters private investment and speeds up inclusive growth.
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