Nigeria joined the EBRD, becoming its 77th shareholder, with the aim to enhance private sector growth and sustainable infrastructure in the country. EBRD President Odile Renaud-Basso noted this as a landmark moment, while Nigeria’s finance minister Wale Edun highlighted its alignment with the country’s economic reforms.

Nigeria has officially become a member of the European Bank for Reconstruction and Development (EBRD), marking a significant development in its financial landscape as the 77th shareholder of the institution. This decision was approved by the EBRD’s Board of Governors in May of the previous year.

Nigeria’s membership in the EBRD is poised to enhance the country’s private sector development, promote sustainable infrastructure, and align with its economic reform agenda. This partnership is expected to attract investment, support job creation, and drive innovation and sustainable growth in Nigeria.

Original Source: africa.cgtn.com