… Secures Permanent Seat On African Central Bank Board
AfriqueCAN
NIGERIA has secured a permanent seat on the board of the African Central Bank. The West African nation recorded the remarkable achievement at the ongoing 39th African Union Summit, Addis Ababa, Ethiopia.
Minister of Foreign Affairs, Yusuf Tuggar, on Friday described the strategic gain as a significant milestone for the country and the West African region.
“Importantly, Nigeria has been given the hosting of the African Monetary Institute and the African Central Bank. Not only that, in today’s plenary, Nigeria was confirmed a seat on the board of the African Central Bank. This is huge,” Tuggar said.
He however, hinted that the move faced initial opposition from some member states.
“It is something that was initially resisted by some countries, so now we have a permanent seat on the African Central Bank board. It’s a major success.