Nigeria formally joins the African Extractive Minerals Development Bank
The Federal Republic of Nigeria has formally signed the Charter of the African Extractive Minerals Development Bank (AEMBank), marking a significant milestone in the establishment of the institution and reinforcing regional support for the Bank's mandate.
Nigeria's signing reflects the country's commitment to advancing the development of Africa's extractive minerals sector and strengthening the continent's capacity to mobilise financing for mineral projects across the value chain.
The African Extractive Minerals Development Bank has been established to support the sustainable development and financing of mineral projects across Africa. The Bank works with governments, industry participants, and financial partners to unlock value from the continent's significant mineral resources while promoting responsible and inclusive mineral development.
Nigeria's participation as a member country further strengthens the foundation of the institution and underscores growing continental momentum behind AEMBank's role in supporting Africa's mineral development agenda.