back to top
Monday, March 31, 2025
HomeNewsNigerian Finance Minister Meets EU Envoy to Unlock €1.3m Investment

Nigerian Finance Minister Meets EU Envoy to Unlock €1.3m Investment

Nigeria’s Minister of Finance, Wale Edun, has engaged in high-level talks with the European Union (EU) Ambassador to Nigeria, Mr. Gautier Mignot, as part of efforts to unlock a €1.3 billion investment portfolio targeted at infrastructure, green finance, and sustainable development.

The Ministry of Finance confirmed the meeting via a post on its official X account on Thursday, noting it took place in Abuja.

During the meeting, Ambassador Mignot emphasized the EU’s economic relationship with Nigeria, describing it as “Nigeria’s largest trading partner and a major source of foreign direct investment.”

He proposed creating a structured platform for dialogue to enhance economic cooperation between the EU and Nigeria, with a specific focus on infrastructure, sustainable growth, and climate-related finance.

“The meeting spotlighted the EU’s €1.3 billion investment portfolio in Nigeria, recent engagement by the European Bank for Reconstruction and Development (EBRD), and the Global Gateway Investment Strategy aimed at deepening Africa-Europe economic ties,” the statement read.

In response, Minister Edun welcomed the proposal and reaffirmed the government’s dedication to policies that promote macroeconomic stability, investor confidence, and digital transformation. He also underscored ongoing efforts to streamline the ease of doing business and noted the government’s projection of 4.6% GDP growth by 2025.

The meeting also touched on key national initiatives, including the Trans-Saharan Gas Pipeline and the National Single Window system for trade facilitation—projects aligned with Nigeria’s broader goals for fiscal consolidation and infrastructure modernization.

Sodiq Soda
Sodiq Soda
I’m Sodiq Oluwadamilare Soda, a Web Developer/Web Design and a Graphic Designer.
RELATED ARTICLES

Most Popular