The Federal Republic of Nigeria has formally joined the European Bank for Reconstruction and Development (EBRD), marking a significant step in the country’s efforts to expand access to international capital and accelerate long-term economic transformation.
Speaking at the EBRD 2025 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 stated during the Board of Governors’ Plenary Session.
With more than 80% of its financing directed to the private sector, the EBRD supports entrepreneurship, SMEs, and large-scale investments across vital sectors. Nigeria’s membership is expected to create new opportunities for local businesses to access development finance and technical support in key areas such as energy transition, infrastructure, agriculture, and digital innovation.
During the visit, the Honourable Minister also engaged in high-level bilateral meetings with delegations from France and the United States, reaffirming Nigeria’s role as a committed partner in global economic cooperation.
Held under the theme “Expanding Horizons, Enduring Strengths”, the 2025 EBRD Annual Meetings convened leaders from over 70 economies to foster dialogue on inclusive growth, resilience, and sustainable development.
