Nigeria has officially joined the European Bank for Reconstruction and Development (EBRD), in a move set to enhance private sector access to global capital markets and support long-term economic transformation.
The announcement was made during the 2025 EBRD Annual Meetings in London, where a high-level Nigerian delegation led by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, formalized the country’s admission.
In a statement issued by Mohammed Manga, Director of Press at the Ministry of Finance, Edun described the membership 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,” Edun said during the Board of Governors’ Plenary Session. “We are committed to building a transparent, rules-based economy that unlocks private investment and accelerates inclusive growth.”
The EBRD, known for allocating over 80% of its financing to the private sector, supports entrepreneurship, SMEs, and major investments across critical sectors including infrastructure, energy, manufacturing, and agribusiness.
Nigeria’s membership now positions the country to benefit from EBRD’s global network and financial instruments, potentially attracting billions in foreign direct investment over the coming years.
Observers see the development as a strong signal of Nigeria’s renewed commitment to fiscal transparency, macroeconomic stability, and private sector-led development.
