{"id":125622,"date":"2026-02-14T06:08:36","date_gmt":"2026-02-14T05:08:36","guid":{"rendered":"https:\/\/pointblanknews.com\/pbn\/?p=125622"},"modified":"2026-02-14T06:08:36","modified_gmt":"2026-02-14T05:08:36","slug":"nigeria-clinches-permanent-role-on-acb-board-at-au-meeting","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/nigeria-clinches-permanent-role-on-acb-board-at-au-meeting\/","title":{"rendered":"Nigeria Clinches Permanent Role on ACB Board at AU Meeting"},"content":{"rendered":"<div style=\"text-align: justify;\">By Lizzy Chirkpi<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Nigeria has strengthened its influence in Africa\u2019s financial governance after the executive council of the African Union approved the country\u2019s permanent representation on the board of the African Central Bank.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">The development was confirmed by the Minister of Foreign Affairs, Yusuf Tuggar, at the close of the AU\u2019s 39th Executive Council session, which took place alongside the African Union Summit in Addis Ababa.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Tuggar described the decision as a significant diplomatic breakthrough, saying it highlights Nigeria\u2019s expanding role in shaping the continent\u2019s economic future.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cA major highlight of the session was the Council\u2019s agreement to grant Nigeria a permanent seat on the Board of the African Central Bank,\u201d he said.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cThis landmark development underscores Nigeria\u2019s strategic role in shaping Africa\u2019s financial architecture.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cThis decision also extends Nigeria\u2019s representation to the Board of the Technical Convergence Committee of the African Monetary Institute, which serves as the precursor to the establishment of the African Central Bank.\u201d<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">The minister noted that the move reflects confidence in Nigeria\u2019s economic capacity, technical competence and commitment to Africa\u2019s monetary integration drive.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">He added that Nigeria also recorded progress in the areas of peace, security and democratic development during the council meeting.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">According to Tuggar, nominees collectively supported by the Economic Community of West African States emerged successfully into the AU Peace and Security Council.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cThis outcome reflects the strong cohesion, cooperation, and unity among ECOWAS Member States, as well as the region\u2019s shared commitment to promoting stability and collective security across the continent,\u201d he said.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">The foreign minister further disclosed that Nigeria spearheaded democratic engagement efforts by convening a Ministerial High-Level Panel on Regional Partnerships for Democracy.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cFurthermore, Nigeria demonstrated leadership in strengthening democratic governance across Africa by organising a Ministerial High-Level Panel Discussion on Regional Partnerships for Democracy,\u201d he stated.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cThe event attracted wide participation from ministers, senior government officials, and delegates, not only from the West African region but from across the continent and the international community.\u201d<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">He explained that discussions at the forum focused on reinforcing democratic institutions, promoting inclusive leadership and boosting regional collaboration to sustain democratic ideals.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Tuggar concluded that Nigeria\u2019s outcomes at the Executive Council session reaffirm the country\u2019s loyalty to the vision of the African Union, stressing that the federal government remains committed to working with member states to advance economic integration, institutional growth, peace, security and sustainable development across Africa.<\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>By Lizzy Chirkpi Nigeria has strengthened its influence in Africa\u2019s financial governance after the executive council of the African Union approved the country\u2019s permanent representation on the board of the&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":125623,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-125622","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized 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