Nigeria has officially become a member of the European Bank for Reconstruction and Development (EBRD), marking a key step in the country’s efforts to boost its economy and advance ongoing reform initiatives.
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, confirmed the development in a statement released by Mr. Mohammed Manga, Director of Information and Public Relations at the ministry.
Edun, who led the Nigerian delegation to the EBRD 2025 Annual Meetings in London, described the admission as a significant milestone.
“This is a proud day for Nigeria. Our accession to the EBRD marks a major milestone in our economic reform journey,” Edun stated.
Nigeria’s membership in the EBRD is expected to open doors to increased investment, technical assistance, and financial support for development projects across the country.
He affirmed the government’s commitment to building a transparent, rules-based economy that attracts private investment and drives inclusive growth.
The EBRD directs over 80 per cent of its financing to the private sector, supporting entrepreneurs, SMEs, and large-scale investments in vital industries.
Edun said Nigeria’s membership will open access to development finance and technical support in energy transition, infrastructure, agriculture, and digital innovation.
Reports shows that the minister also held bilateral meetings with officials from France and the United States.
These meetings further reinforced Nigeria’s role as a reliable partner in global economic governance.
The theme of the 2025 Annual Meeting is ‘Expanding Horizons, Enduring Strengths’.
Edun stated that Nigeria is ready to leverage EBRD’s expertise to drive growth, create jobs, and improve citizens’ lives.
He said the partnership will unlock opportunities for transformation, strengthening Nigeria’s position in the global economy.
The minister noted the development aligns with President Bola Tinubu’s Renewed Hope Agenda.
The 2025 meetings gathered leaders from over 70 countries to discuss inclusive growth, resilience, and sustainable development.
