Nigeria has strengthened its position in Africa’s financial and political governance after the African Union (AU) Executive Council approved the country’s permanent representation on the Board of the African Central Bank.
Newsonspot reports that the development was confirmed by the Minister of Foreign Affairs, Yusuf Tuggar, at the conclusion of the AU’s 39th Executive Council session held alongside the African Union Summit in Addis Ababa, Ethiopia.
Tuggar described the approval as a major diplomatic breakthrough that highlights Nigeria’s growing role in shaping the continent’s economic future. He noted that the decision underscores Nigeria’s strategic importance in Africa’s financial architecture and extends the country’s representation to the Board of the Technical Convergence Committee of the African Monetary Institute, a key precursor to the African Central Bank.
According to the minister, the move reflects confidence in Nigeria’s economic strength, technical expertise, and commitment to Africa’s monetary integration agenda.
Beyond financial governance, Nigeria also recorded progress in peace, security, and democratic development during the council session. Tuggar revealed that nominees jointly supported by the Economic Community of West African States (ECOWAS) successfully emerged into the AU Peace and Security Council, reflecting regional unity and shared commitment to stability.
He further disclosed that Nigeria led democratic engagement efforts by organising a Ministerial High-Level Panel on Regional Partnerships for Democracy, which attracted participation from ministers, senior officials, and delegates from across Africa and the international community. Discussions at the forum focused on strengthening democratic institutions, promoting inclusive leadership, and enhancing regional collaboration to sustain democratic ideals.
Tuggar concluded that Nigeria’s achievements at the Executive Council session reaffirm the country’s commitment to the African Union’s vision, stressing that the federal government remains dedicated to advancing economic integration, institutional development, peace, security, and sustainable growth across the continent.
