By Emmanuella Oghenetega
Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, has presided over the investiture of Dr. George Elombi as the fourth President and Chairman of the Board of Directors of the African Export–Import Bank (Afreximbank).
The ceremony which took place in Cairo, Egypt, marked a defining moment for the continent, reinforcing therefore, Afreximbank’s central role in advancing Africa’s trade integration, industrialisation, and shared prosperity.
As Chairperson of the Afreximbank General Meeting, the Minister commended the outgoing President, Professor Benedict Oramah, for his decade of transformative leadership that strengthened the Bank’s balance sheet and deepened Africa’s financial resilience.
Initiatives such as the Pan-African Payment and Settlement System (PAPSS) and the AfCFTA Adjustment Fund have significantly expanded opportunities for Nigerian businesses, enabling smoother regional trade, easier currency settlement, and broader access to growth capital.
In his remarks, the Minister described the leadership transition as a reaffirmation of Africa’s collective capacity to finance its development and chart its own economic destiny.
For Nigeria, this transition strengthens access to continental financing mechanisms, supports the government’s reform agenda, and unlocks greater export opportunities for domestic enterprises across key sectors.
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