The Federal Government of Nigeria has reaffirmed its commitment to fostering a deeper, more strategic economic partnership with the Arab Republic of Egypt. This commitment was underscored by the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, who proposed the establishment of a Nigeria-Egypt Joint Investment Council during the Nigeria-Egypt Business Forum in Abuja on Monday.
The proposed Council will serve as a dedicated platform to identify investment opportunities, mitigate risks, and align public and private sector efforts toward their shared economic growth. This partnership is expected to unlock new frontiers of prosperity, drive sustainable economic growth, and enhance the ease of doing business between the two nations.
We are blessed with vibrant populations, abundant natural resources, and an entrepreneurial spirit that positions us not as competitors, but as partners with a shared vision of resilient economies, inclusive growth, and sustainable development, Edun stated,
Represented by the Honourable Minister of State for Finance, Dr. Doris Uzoka-Anite, the Minister, emphasized that Nigeria remains committed to strengthening bilateral ties with Egypt and unlocking new frontiers of prosperity through strategic dialogue, investment, and private sector collaboration.
The forum highlights Nigeria’s openness to business and its commitment to improving the macro-economic environment and restoring investor confidence through significant fiscal, monetary, and regulatory reforms.
Key sectors identified for Egyptian investment include infrastructure, agriculture and agribusiness, energy and renewables, digital economy, manufacturing as well as industrialization.
These sectors, HM Edun informed, offer vast opportunities for collaboration and are expected to drive economic growth and development in both countries.
The proposed establishment of the Nigeria-Egypt Joint Investment Council is a significant step toward deepening economic ties between the two nations. It is expected to facilitate the identification of investment opportunities, mitigate risks, and align public and private sector efforts toward shared economic growth.
Signed
Mohammed Manga FCAI
Director, Information and Public Relations
July 22, 2025
