Nigeria joins the EBRD as its 77th shareholder, aiming to boost economic growth. The membership, approved by the EBRD’s Board of Governors, underscores Nigeria’s potential for development, with plans to enhance private sector engagement and sustainable infrastructure.
Nigeria has officially become the 77th shareholder of the European Bank for Reconstruction and Development (EBRD), marking a significant milestone in its global financial ties. The EBRD’s Board of Governors sanctioned Nigeria’s membership request in May of the previous year. This development is particularly notable as the bank plans to launch operations in sub-Saharan Africa later this year, aiming to bolster economic growth in regions with substantial potential.
Nigeria’s membership in the EBRD heralds a new era of financial collaboration aimed at stimulating economic growth and sustainability. This partnership is aligned with Nigeria’s reform agenda, aiming to enhance private sector development and foster job creation. The involvement of the EBRD is expected to facilitate significant investment in Nigeria’s infrastructure and innovative sectors, supporting a greener economy.
Original Source: africa.cgtn.com
