Nigeria gets permanent seat on African Central Bank board at AU summit

Nigeria gets permanent seat on African Central Bank board at AU summit

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), according to the ministry of foreign affairs.

The feat reflects Nigeria’s role in shaping the continent’s financial architecture, Yusuf Tuggar, minister of foreign affairs, said in a statement on Friday.

The development is said to be one of the achievements of the West African nation at the just-concluded 39th session of the African Union.

Tuggar said Nigeria recorded significant diplomatic and institutional achievements, consolidating its leadership role in advancing Africa’s economic integration, peace, security, and democratic governance.