Nigeria Positive factors Membership of European Reconstruction, Dev’t Financial institution
Nigeria has been formally admitted as a member of the European Financial institution for Reconstruction and Improvement (EBRD), marking a step in the direction of boosting personal sector entry to worldwide capital and supporting the nation’s long-term financial transformation.
The Minister of Finance and Coordinating Minister of the Financial system, Mr Wale Edun, led a high-level delegation to the EBRD 2025 Annual Conferences in London, the place its admission was formalised, an announcement by Mohammed Manga, Director of Press on the finance ministry, has mentioned.
Talking on the Board of Governors’ Plenary Session, Edun described Nigeria’s membership as a strategic milestone which aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda.
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“It is a proud day for Nigeria. Our accession to the EBRD marks a crucial milestone in our financial reform journey. We’re dedicated to constructing a clear, rules-based financial system that unlocks personal funding and accelerates inclusive progress.
“With over 80% of its financing directed in the direction of the personal sector, the EBRD performs a pivotal function in supporting entrepreneurship, SMEs, and large-scale investments throughout key sectors.
“Nigeria’s membership opens new alternatives for native companies to entry improvement finance and technical experience throughout precedence areas comparable to power transition, infrastructure, agriculture and digital innovation,” he defined.
The finance minister added that as Nigeria embarks on this new chapter of financial cooperation with the EBRD, the nation is poised to leverage the financial institution’s experience and assets to drive sustainable progress, create jobs and enhance the lives of its residents.
