By Nigeria Joins European Bank for Reconstruction and Development
Eyes Private Sector Growth
Summary
- Nigeria joins the European Bank for Reconstruction and Development (EBRD) to advance its economic reform agenda and attract private sector investment.
- Membership grants access to development finance and technical expertise in key sectors like energy, infrastructure, agriculture, and digital innovation.
- Minister Wale Edun led the delegation to the EBRD 2025 Annual Meetings in London, holding bilateral talks with France and the U.S. to strengthen global economic ties.
London, UK — Nigeria has officially joined the European Bank for Reconstruction and Development (EBRD), marking a significant milestone in the country’s pursuit of economic reform and global financial integration.
The announcement was made during the EBRD 2025 Annual Meetings held in London, where Nigeria’s accession was formalized at the Board of Governors’ Plenary Session. The country’s delegation was led by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun.
“This is a proud day for Nigeria. Our accession to the EBRD marks a critical milestone in our economic reform journey,” said Edun during the plenary. “We are committed to building a transparent, rules-based economy that unlocks private investment and accelerates inclusive growth.”
With over 80 percent of the Bank’s financing directed toward the private sector, Nigeria’s membership in the EBRD is expected to boost local businesses’ access to development finance and technical expertise in priority sectors such as energy transition, infrastructure, agriculture, and digital innovation.
The theme of this year’s annual meetings, “Expanding Horizons, Enduring Strengths,” underscored the importance of inclusive growth and sustainable development. The event drew participation from leaders representing more than 70 economies.
In addition to the plenary sessions, Edun held high-level bilateral meetings with delegations from France and the United States, further reinforcing Nigeria’s role as a proactive and trusted partner in international economic governance.
Speaking on the significance of the new partnership, Mohammed Manga, Director of Information and Public Relations, noted, “As Nigeria embarks on this new chapter of economic cooperation with the EBRD, the country is poised to leverage the Bank’s expertise and resources to drive sustainable growth, create jobs, and improve the lives of its citizens.”
“With this strategic partnership, Nigeria is set to unlock new opportunities for economic transformation, cementing its position as a key player in global economic governance,” Manga added.
Nigeria’s entry into the EBRD is expected to usher in a new era of development finance, innovation, and international collaboration for the West African nation.
