Nigeria has formally joined the European Bank for Reconstruction and Development (EBRD), opening the door to global capital and technical expertise aimed at empowering private businesses and deepening economic reform under President Tinubu’s Renewed Hope Agenda.
- Finance Minister Wale Edun led the delegation to London for Nigeria’s formal accession to the EBRD.
- Over 80% of EBRD financing targets private sector ventures in energy, infrastructure, and digital innovation.
- Nigeria held bilateral talks with the US and France, reinforcing its global economic partnerships.
For local entrepreneurs and SMEs, this development signals access to new sources of finance and practical support. Many see it as a long-overdue shift toward empowering private businesses that have long operated with limited investment opportunities and outdated infrastructure.
Can Nigeria’s new alliance with the EBRD drive inclusive economic growth and structural reforms beyond big-ticket investments?
![Today’s Naira Rate [16-05-2025]: Naira Records First Gain of the Week at ₦1,625/$ in Parallel Market](/data/attachments/216/216524-20a7ec134f55eeca696dc8bbcc476cd7.jpg?hash=HjmdYT-X3t)
