By Busola Bamidele
Nigeria has officially become a member of the European Bank for Reconstruction and Development (EBRD), a strategic milestone expected to enhance private sector access to international capital in both foreign and local currencies.
Confirming the development at the EBRD's 2025 Annual Meeting in London, Finance Minister and Coordinating Minister of the Economy, Mr. Wale Edun, described the accession as a proud moment and a key step in Nigeria's economic reform journey.
"This opens new opportunities for Nigerian businesses to access development finance and technical expertise in critical sectors like energy transition, infrastructure, agriculture, and digital innovation," Edun said.
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With over 80% of EBRD financing directed toward private enterprises, this membership is set to accelerate entrepreneurship, SME growth, and large-scale investments that support inclusive and sustainable development.
The Finance Minister also held bilateral talks with France and the United States, strengthening Nigeria's role in global economic partnerships.
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