Nigeria secures permanent seat on African Central Bank board at AU Summit
Foreign Affairs Minister, Yusuf Tuggar
The minister said the session also witnessed the successful election of candidates collectively endorsed by the Economic Community of West African States into Council
Nigeria has secured a permanent seat on the Board of the African Central Bank (ACB) following a decision by the Executive Council of the African Union (AU), the Ministry of Foreign Affairs has announced.
The Minister of Foreign Affairs, Yusuf Tuggar, disclosed the development in a statement on Friday, describing it as a major diplomatic and institutional milestone that underscores Nigeria’s influence in shaping Africa’s financial and economic architecture.
According to Tuggar, the decision ranked among Nigeria’s key achievements at the recently concluded 39th session of the AU Executive Council, where the country recorded notable gains in diplomacy, economic integration and institutional leadership.
“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,” the minister said. “This landmark decision reflects Nigeria’s strategic role in advancing Africa’s financial architecture and monetary integration.”
He explained that the approval also extends Nigeria’s representation to the Board of the Technical Convergence Committee of the African Monetary Institute, which serves as the institutional precursor to the establishment of the African Central Bank. The development, Tuggar noted, affirms Nigeria’s technical capacity, economic weight and long-standing commitment to Africa’s monetary integration agenda.
On peace and security, the minister said the session also witnessed the successful election of candidates collectively endorsed by the Economic Community of West African States (ECOWAS) to the AU Peace and Security Council.
“This outcome demonstrates the strong cohesion and unity among ECOWAS member states, as well as the region’s shared resolve to promote stability and collective security across the continent,” he said.
Tuggar further said Nigeria demonstrated leadership in strengthening democratic governance in Africa by convening a Ministerial High-Level Panel Discussion on Regional Partnerships for Democracy. He noted that the event attracted wide participation from ministers, senior government officials and delegates from across Africa and the international community.
According to him, the panel facilitated robust dialogue on deepening democratic institutions, promoting inclusive governance and strengthening collaborative regional approaches to sustaining democratic values
The minister said Nigeria’s engagements and outcomes at the 39th AU Executive Council session reaffirm the country’s commitment to the core objectives of the African Union, particularly in advancing economic integration, institutional development, peace, security and democratic governance across the continent.
He added that the Federal Government remains committed to working closely with AU member states and regional bodies to promote shared prosperity, stability and sustainable development in Africa.
