Nigeria has secured a permanent seat on the Board of the African Central Bank following deliberations at the 39th Session of the Executive Council of the African Union (AU), marking a major diplomatic achievement for the country.
The development was disclosed in a statement issued on Friday by the Ministry of Foreign Affairs and signed by the Minister of Foreign Affairs, Ambassador Yusuf Tuggar.
According to the ministry, Nigeria recorded significant diplomatic and institutional successes during the session, reinforcing its leadership role in advancing Africa’s economic integration, peace, security, and democratic governance.
A key highlight of the meeting was the Executive Council’s decision to grant Nigeria permanent representation on the Board of the African Central Bank — a move the ministry described as a landmark step in shaping Africa’s financial architecture.
“This landmark development underscores Nigeria’s strategic role in shaping Africa’s financial system,” the statement noted.
The decision also extends Nigeria’s representation to the Board of the Technical Convergence Committee of the African Monetary Institute, regarded as a precursor to the establishment of the African Central Bank.
“These developments affirm Nigeria’s technical capacity, economic importance, and commitment to Africa’s monetary integration agenda,” the ministry added.
In the area of regional security, the ministry stated that candidates endorsed by the Economic Community of West African States (ECOWAS) were successfully elected to the AU Peace and Security Council.
The government described the outcome as a reflection of strong unity and cooperation among ECOWAS member states, as well as their shared commitment to continental stability and collective security.
The statement further highlighted Nigeria’s role in convening a Ministerial High-Level Panel Discussion on Regional Partnerships for Democracy, which attracted participation from ministers, senior government officials, and delegates across Africa and the international community.
The panel focused on strengthening democratic institutions, promoting inclusive governance, and enhancing regional collaboration in sustaining democratic values.
The ministry said Nigeria’s engagements at the AU session reaffirm the country’s dedication to the core ideals of the African Union.
“The Federal Government remains committed to working with member states and regional bodies to advance Africa’s shared prosperity and sustainable development,” the statement concluded.
