In a landmark development for Nigeria’s economic future, the country has been officially admitted as a member of the European Bank for Reconstruction and Development (EBRD).
This historic accession, finalized during the EBRD 2025 Annual Meetings in London, marks a major stride in Nigeria’s efforts to expand private sector access to international capital and deepen its long-term economic transformation.
The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, led a high-level Nigerian delegation to the event, where the formalities of the country’s membership were completed.
Addressing the Board of Governors’ Plenary Session, Minister Edun hailed the occasion as a “strategic milestone” in alignment 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,” Edun stated.
“We are committed to building a transparent, rules-based economy that unlocks private investment and accelerates inclusive growth.”
With more than 80 per cent its financing focused on the private sector, the EBRD is renowned for supporting entrepreneurship, SMEs, and large-scale investments across sectors including infrastructure, energy, agriculture, and digital innovation.
Nigeria’s entry into the institution opens new avenues for local businesses to tap into development finance and technical support, especially in areas pivotal to the nation’s sustainable growth
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