In a major step toward strengthening Nigeria’s access to international finance and accelerating private sector-led growth, the country has been formally admitted as a member of the European Bank for Reconstruction and Development (EBRD).
The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, led the Nigerian delegation to the EBRD 2025 Annual Meetings held in London, where the formal accession was completed.
Speaking at the Board of Governors’ Plenary Session, Edun described Nigeria’s EBRD membership as a “strategic milestone” that aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda and ongoing economic reforms.
“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,” Edun stated.
The EBRD, which allocates more than 80% of its investments to private sector initiatives, plays a crucial role in supporting entrepreneurship, small and medium-sized enterprises, and large-scale strategic projects. Nigeria’s membership now grants the country enhanced access to development finance, technical expertise, and investment opportunities in sectors such as infrastructure, energy transition, agriculture, and digital innovation.
During the meetings, Minister Edun also held high-level bilateral talks with delegations from France and the United States, reinforcing Nigeria’s growing role as a credible and influential partner in global economic governance.
Held under the theme “Expanding Horizons, Enduring Strengths,” the 2025 EBRD Annual Meetings convened leaders and policymakers from more than 70 economies to advance inclusive growth, economic resilience, and sustainable development.
With this new relationship, Nigeria aims to leverage the EBRD’s resources to create jobs, foster innovation, and unlock long-term economic transformation—solidifying its place among emerging markets committed to global cooperation and private sector dynamism.
