By Hauwa’u Sani
The federal government has lauded the European Union’s removal of Nigeria from its high-risk and terrorism financing list.
The decision is contained in a European Commission delegated regulation amending Regulation (EU) 2016/1675.
It follows Nigeria’s removal in October 2025 from the Financial Action Task Force (FATF) list of jurisdictions under increased monitoring after completing its action plan.
The federal government described the EU’s decision as a major boost to Nigeria’s global financial credibility, especially in anti-money laundering and countering the financing of terrorism (AML/CFT).
Director of information and public relations at the Ministry of Finance, Mohammed Manga, said in a statement that the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, attributed the achievement to the leadership of President Bola Ahmed Tinubu.
Edun added that the milestone reflects the President’s “extraordinary leadership, unwavering political will and clear reform vision” which prioritised AML/CFT reforms as a core element of Nigeria’s economic governance and financial stability.