The Federal Republic of Nigeria has been formally admitted as a member of the European Bank for Reconstruction and Development (EBRD), marking a historic step in the country’s economic reform agenda and unlocking new avenues for private sector access to international capital—both in foreign exchange and local currency.
Speaking at the 2025 EBRD 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 said during the Bank’s Board of Governors’ Plenary Session.
With more than 80% of its financing directed toward the private sector, the EBRD is a key partner in supporting entrepreneurship, SMEs, and large-scale investments across emerging markets. Nigeria’s membership is expected to catalyze development finance and technical assistance in high-impact areas such as energy transition, infrastructure, agriculture, and digital innovation.
In addition to participating in the plenary, Mr. Edun held high-level bilateral meetings with delegations from France and the United States, reinforcing Nigeria’s growing role as a trusted partner in global economic governance.
Themed “Expanding Horizons, Enduring Strengths”, the 2025 EBRD Annual Meetings convened leaders from over 70 economies to advance shared priorities around inclusive growth, resilience, and sustainable development.