In a historic step towards increasing its entry to worldwide growth finance, Nigeria has been formally admitted as a member of the European {Bank} for Reconstruction and Improvement (EBRD).
The milestone was introduced on the 2025 EBRD Annual Conferences held in London, with Nigeria’s delegation led by the Coordinating Minister of the Financial system and Honourable Minister of Finance, Mr. Wale Edun. The transfer is predicted to unlock important capital inflows for the non-public sector and bolster key reforms underneath President Bola Ahmed Tinubu’s Renewed Hope Agenda.
Talking throughout the Board of Governors’ Plenary Session on Thursday, Mr. Edun described Nigeria’s accession as “a essential milestone in our {economic} reform journey.”
“It is a proud day for Nigeria,” the Minister mentioned. “Our accession to the EBRD marks a strategic second. We’re dedicated to constructing a clear, rules-based financial system that unlocks non-public funding and accelerates inclusive progress.”
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The EBRD, which dedicates greater than 80% of its financing to personal sector growth, will now supply Nigerian companies entry to worldwide capital in each overseas alternate and native forex. Precedence areas for funding embody the power transition, infrastructure, agriculture, digital innovation, and SME growth.
The Minister additionally held high-level bilateral talks with representatives from america and France, signaling Nigeria’s rising function as an lively and trusted participant in international {economic} governance.
This yr’s EBRD conferences, themed “Increasing Horizons, Enduring Strengths”, gathered leaders and finance ministers from greater than 70 member economies to chart new pathways for inclusive, resilient, and sustainable growth.
Nigeria’s EBRD membership is predicted to strengthen investor confidence, catalyze job creation, and assist the long-term transformation of Africa’s largest financial system.
