Nigeria has officially joined the European Bank for Reconstruction and Development (EBRD). This membership will help Nigerian businesses get easier access to money from abroad, which can support long-term economic development.

By joining the EBRD, Nigeria’s private sector can now attract more international investments. These funds can come in both foreign currency and naira, making it easier for local companies to grow and improve.

The EBRD is known around the world for its work in financing climate-related projects. It invests in green energy, climate change solutions, and sustainable development. Nigeria’s new status means it can now receive support for eco-friendly and clean energy projects.

During a meeting in London at the EBRD 2025 Annual Conference, Nigeria’s Finance Minister, Wale Edun, said the country’s new membership is an important achievement. He said it supports President Tinubu’s economic plan, which focuses on growth, transparency, and private sector development.

Over 80% of the EBRD’s funding goes to the private sector. This is good news for Nigerian entrepreneurs, small businesses, and larger companies. They can now get financial help and expert advice in areas like energy, farming, technology, and infrastructure.

Minister Edun also held talks with officials from France and the United States during the meetings. These discussions showed that Nigeria is ready to work closely with other nations to grow its economy and be a trusted global partner.

This year’s EBRD event, themed “Expanding Horizons, Enduring Strengths,” brought together leaders from more than 70 countries. Nigeria first became a shareholder in March 2025 after applying in April 2024. The bank approved the membership in May 2024, showing Nigeria’s progress in strengthening its place in the global economy.