Nigeria has become the 77th shareholder of the European Bank for Reconstruction and Development, a decision approved last May. EBRD President Odile Renaud-Basso emphasized the significance of Nigeria’s membership, which aims to support sustainable economic growth in the region. Nigeria’s Finance Minister Wale Edun echoed the benefits of this partnership for private sector growth and a greener economy.
Nigeria has officially joined the European Bank for Reconstruction and Development (EBRD), marking its status as the bank’s 77th shareholder. The decision was approved by the EBRD’s Board of Governors in May of the previous year. This membership is significant as it allows the bank to initiate operations in sub-Saharan Africa later this year, according to EBRD President Odile Renaud-Basso.
Nigeria’s accession to the EBRD signifies a crucial step towards bolstering its economic framework through enhanced private sector collaboration and sustainable growth initiatives. This partnership not only promises to invigorate Nigeria’s economy but also aligns seamlessly with the country’s strategic reforms aimed at fostering investment and job creation.
Original Source: africa.cgtn.com
