FG Secures Permanent African Central Bank Board Seat at AU Summit

Nigeria has secured a permanent seat on the Board of the African Central Bank, following a decision reached during the 39th Session of the Executive Council of the African Union.

The development was disclosed in a statement issued on Friday by the Minister of Foreign Affairs, Yusuf Tuggar, who described the move as a major diplomatic and institutional milestone that reinforces Nigeria’s role in shaping Africa’s financial and economic architecture.

According to the ministry, the decision also extends Nigeria’s representation to the Board of the Technical Convergence Committee of the African Monetary Institute, a precursor institution to the African Central Bank. The government said the outcome reflects Nigeria’s technical capacity, economic weight, and commitment to advancing Africa’s monetary integration agenda.

The session also recorded progress in peace and security cooperation, with candidates jointly endorsed by the Economic Community of West African States successfully elected into the AU Peace and Security Council. Officials said the outcome highlights regional cohesion and collective commitment to stability across the continent.

In addition, Nigeria hosted a ministerial high-level panel discussion on regional partnerships for democracy on the sidelines of the summit. The event drew ministers, senior officials, and delegates from across Africa and the international community, focusing on strengthening democratic institutions, inclusive governance, and collaborative regional approaches to sustaining democratic values.

The Federal Government said Nigeria’s engagements at the summit reaffirm its commitment to the core objectives of the African Union, particularly economic integration, institutional development, peace, security, and democratic governance, while pledging continued collaboration with member states to advance shared prosperity and sustainable development across Africa.