Abuja wants the seat of Africa’s money future — and it’s putting everything on the table.
The Central Bank of Nigeria says Nigeria has intensified efforts to host the African Union’s African Monetary Institute (AMI), positioning Abuja as a key hub for continental financial integration.
CBN Governor Olayemi Cardoso made this known at the IMF/World Bank Spring Meetings in Washington, D.C., through Deputy Governor Muhammad Abdullahi.
He said Nigeria is fully ready to meet all requirements, with office space already secured in Abuja for the institute ahead of its planned September launch.
The AMI, approved by the African Union, is expected to drive monetary coordination, economic convergence, and deeper financial integration across Africa.
The Minister of Finance, Wale Edun, also reaffirmed government backing through Permanent Secretary Raymond Omachi, saying infrastructure is ready.
AU and AfDB officials say the institute could be a major step toward stronger trade links and even a future single African currency.
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