Nigeria has been formally admitted as a member of the European Bank for Reconstruction and Development (EBRD), marking a step towards boosting private sector access to international capital and supporting the country’s long-term economic transformation.
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, led a high-level delegation to the EBRD 2025 Annual Meetings in London, where its admission was formalised, a statement by Mohammed Manga, Director of Press at the finance ministry, has said.
Speaking at 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. “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.
“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.”
