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Nigeria secures permanent seat on African Central Bank Board at AU Summit

Obah Sylva by Obah Sylva
February 13, 2026
in News
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Nigeria secures permanent seat on African Central Bank Board at AU Summit
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Nigeria achieved major diplomatic and economic milestones during the 39th Session of the Executive Council of the African Union, reinforcing its leadership in promoting Africa’s economic integration, peace, security, and democratic governance.

A key outcome of the summit was Nigeria’s historic acquisition of a permanent seat on the Board of the African Central Bank. The decision highlights Nigeria’s strategic influence in shaping the continent’s financial architecture. In addition, Nigeria will now hold representation on the Board of the Technical Convergence Committee of the African Monetary Institute, which serves as a precursor to the establishment of the African Central Bank. These appointments reflect Nigeria’s technical expertise, economic strength, and commitment to advancing Africa’s monetary integration agenda.

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On the security front, Nigeria contributed to the successful election of candidates endorsed by the Economic Community of West African States (ECOWAS) to the Peace and Security Council. This development underscores regional cohesion, collaboration, and a shared commitment to maintaining stability and collective security across Africa.

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The country also showcased leadership in democratic governance by organizing a Ministerial High-Level Panel Discussion on Regional Partnerships for Democracy. The event brought together ministers, senior officials, and delegates from across Africa and the international community to discuss strategies for strengthening democratic institutions, promoting inclusive governance, and fostering regional cooperation to sustain democratic values.

Nigeria’s achievements at the AU Executive Council reaffirm the country’s dedication to advancing the African Union’s goals, including economic integration, institutional development, peace, security, and democratic governance. The Federal Government emphasized its commitment to working with member states and regional organizations to promote shared prosperity and sustainable development across the continent.

 

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