"For years, I have been asked if I would ever Host the Oscars and my answer was always the same...I said that it would be the opportunity of a lifetime for me as a comedian and that it will happen when it's suppose(d) to," he said.
The 39-year-old actor posted a photo of the iconic Oscar statue along with the announcement and expressed his excitement for achieving a longtime dream.
"To be able to join the legendary list of host(s) that have graced that stage is unbelievable. I know my mom is smiling from ear to ear right now," he said. "I will be sure to make this years Oscars a special one."
Hart also tweeted his Instagram post and The Academy retweeted him with a warm welcome.
The 2019 Oscars ceremony will be held on Sunday, Feb. 24.