Nigeria has formally become a member of the European Bank for Reconstruction and Development (EBRD). This development is expected to boost private sector access to international capital and accelerate the country’s reform agenda.
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, led Nigeria’s delegation to the EBRD 2025 Annual Meetings held in London, where the country’s accession was officially formalized.
Speaking at the Board of Governors’ Plenary Session, Edun described the move as a “strategic milestone” aligned with President Bola Ahmed 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,” Edun said.
The EBRD, known for channelling over 80% of its financing into the private sector, supports entrepreneurship, small and medium-sized enterprises (SMEs), and large-scale investments in critical sectors. Nigeria’s membership paves the way for local businesses to access funding and technical support in key areas such as energy transition, infrastructure development, agriculture, and digital innovation.
While in London, the Minister also held high-level bilateral talks with delegations from France and the United States, further cementing Nigeria’s role as a trusted partner in global economic affairs.
Themed Expanding Horizons, Enduring Strengths, the 2025 EBRD Annual Meetings brought together leaders from more than 70 countries to explore strategies for inclusive growth, resilience, and sustainable development.
With its new membership, Nigeria aims to leverage the EBRD’s resources and expertise to drive sustainable growth, job creation, and economic inclusion, thereby strengthening its position in global economic governance.
