Nigeria joins European Bank for reconstruction, development
Nigeria has officially been admitted as a member of the European Bank for Reconstruction and Development (EBRD), marking a major step toward enhancing private sector access to international capital and supporting the country’s long-term economic reform agenda.
The Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, led a high-level Nigerian delegation to the EBRD 2025 Annual Meetings in London, where the country’s membership was formally ratified.
Speaking at the Board of Governors’ Plenary Session, Edun described Nigeria’s accession as a strategic milestone aligned with President Bola Ahmed Tinubu’s Renewed Hope Agenda.
“This is a proud day for Nigeria. Our accession to the EBRD marks a critical milestone in our economic reform journey. We are committed to building a transparent, rules-based economy that unlocks private investment and accelerates inclusive growth,” he said.
The EBRD, which channels more than 80 percent of its financing toward the private sector, supports entrepreneurship, small and medium-sized enterprises (SMEs), and large-scale investments across priority areas such as energy transition, infrastructure, agriculture, and digital innovation. Nigeria’s membership opens new opportunities for local businesses to access development finance and technical expertise.
During the meetings, Edun also held bilateral discussions with delegations from France and the United States, reinforcing Nigeria’s growing role in global economic governance.
The 2025 EBRD Annual Meetings, held under the theme “Expanding Horizons, Enduring Strengths,” brought together leaders from more than 70 economies to discuss inclusive growth, resilience, and sustainable development.
With this new partnership, Nigeria is set to leverage the EBRD’s expertise and resources to drive sustainable growth, create jobs, and improve livelihoods, while cementing its status as a key player in the global economic arena.
