The executive council of the African Union (AU) has agreed to grant Nigeria a permanent seat on the board of the African Central Bank (ACB).
The development one of Nigeria’s achievements at the just-concluded 39th session of the African Union.
Minister of foreign affairs, Yusuf Tuggar, who disclosed this in a statemen on Friday, described the feat as a reflection of Nigeria’s role in shaping the continent’s financial architecture.
Tuggar said 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,” the minister said.
“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.”
The developments, according to the diplomat, affirm Nigeria’s technical capacity, economic significance, and commitment to advancing Africa’s monetary integration agenda.
On peace and security, the minister said the session witnessed the successful election of the candidates collectively agreed upon by the Economic Community of West African States (ECOWAS) to the peace and security council.
