In a major boost for economic reform and private sector growth, Nigeria has officially become a member of the European Bank for Reconstruction and Development (EBRD). This development is expected to open new doors for international financing, support for local businesses, and technical expertise critical to Nigeria’s long-term development goals.
The announcement was made during the EBRD 2025 Annual Meetings in London, where a Nigerian delegation led by Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, participated in the formal admission proceedings.
Strategic Partnership for Economic Reform
Describing the move as a landmark moment, Edun highlighted that Nigeria’s membership aligns closely with President Bola Tinubu’s Renewed Hope Agenda, which emphasizes economic reform, inclusive growth, and transparency.
“This is a proud day for our nation,” Edun declared during the Board of Governors’ Plenary Session. “Joining the EBRD signals Nigeria’s commitment to building a rules-based, investor-friendly economy where private enterprise can thrive.”
He emphasized that the EBRD’s focus on the private sector—where over 80% of its funding is directed—is well-suited to support Nigeria’s strategic priorities, including entrepreneurship, SME development, infrastructure upgrades, agriculture, clean energy, and digital transformation.
Opening New Channels for Investment
Nigeria’s accession to the EBRD is expected to significantly improve local business access to development capital, as well as provide technical support to drive transformative projects across key industries.
Edun noted that this partnership will play a crucial role in Nigeria’s plans to stimulate job creation, encourage sustainable practices, and uplift citizens’ quality of life through targeted investments.
“As we begin this new chapter with the EBRD, Nigeria is well-positioned to attract global partners, accelerate innovation, and build an economy that works for all,” he added.
