The Federal Republic of Nigeria has been formally admitted as a member of the European Bank for Reconstruction and Development (
@EBRD
), in a landmark development that is expected to significantly boost private sector access to international capital, in both foreign exchange and local currency, and support the country’s long-term economic transformation.
Speaking at the EBRD 2025 Annual Meetings in London on Thursday, the Coordinating Minister of the Economy and Honourable Minister of Finance, Mr. Wale Edun, described Nigeria’s accession as a strategic milestone aligned with President Bola 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,” the Minister stated during the Board of Governors’ Plenary Session.
With over 80% of its financing directed towards the private sector, the EBRD plays a pivotal role in supporting entrepreneurship, SMEs, and large-scale investments across key sectors. Nigeria’s membership opens new opportunities for local businesses to access development finance and technical expertise across priority areas such as energy transition, infrastructure, agriculture, and digital innovation.
The Honourable Minister also held high-level bilateral meetings with delegations from France and the United States, reinforcing Nigeria’s position as an active and trusted partner in global economic governance.
Held under the theme “Expanding Horizons, Enduring Strengths”, the 2025 EBRD Annual Meetings brought together leaders from over 70 economies to advance dialogue on inclusive growth, resilience, and sustainable development.
