- Safiu Kehinde
Nigeria has recorded a significant milestone as it secured a permanent seat at the Board of the African Central Bank.
The West African country recorded the feat during the just concluded 39th Session of the Executive Council of the African Union,
This was announced in a statement issued on Friday by the Minister of Foreign Affairs, Amb. Yusuf Tuggar.
In what he described as a significant diplomatic and institutional achievement, Tuggar maintained that the development consolidated Nigeria’s leadership role in advancing Africa’s economic integration, peace, security, and democratic governance.
The Minister further maintained that the landmark development which also extended to the Board of the Technical Convergence Committee of the African Monetary Institute, underscored Nigeria’s strategic role in shaping Africa’s financial architecture.
“These developments affirm Nigeria’s technical capacity, economic significance, and commitment to advancing Africa’s monetary integration agenda.” Tuggar said.
The Minister also disclosed the session also witnessed the successful election of the candidates collectively agreed upon by the Economic Community of West African States to the Peace and Security Council.
This outcome, according to him, reflects the strong cohesion, cooperation, and unity among ECOWAS Member States, as well as the region’s shared commitment to promoting stability and collective security across the continent.
Tuggar also recalled Nigeria’s organisation of a high-level panel discussion on Regional Partnerships for Democracy.
“Furthermore, Nigeria demonstrated leadership in strengthening democratic governance across Africa by organising a Ministerial High-Level Panel Discussion on Regional Partnerships for Democracy.
“The 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.
“The panel facilitated constructive dialogue on strengthening democratic institutions, fostering inclusive governance, and enhancing collaborative regional approaches to sustaining democratic values.
“Nigeria’s engagements and outcomes at the 39th Executive Session of the Executive Council reaffirm the country’s commitment to the ideals and objectives of the African Union, particularly in promoting economic integration, institutional development, peace, security, and democratic governance across the continent.” He said.
Tuggar reiterated the Federal Government’s commitment toworking collaboratively with Member States and regional bodies to advance Africa’s shared prosperity and sustainable development.