In a significant step towards deepening economic cooperation, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, today in his office in Abuja, hosted the European Union (EU) Ambassador to Nigeria, Mr. Gautier Mignot, for a high-level discussions aimed at strengthening EU-Nigeria economic ties.
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 discussions also highlighted strategic projects such as the Trans-Saharan Gas Pipeline and the National Single Window trade system, further aligning with Nigeria’s fiscal consolidation and infrastructure modernisation agenda.
Ambassador Mignot underscored the EU’s position as Nigeria’s largest trading partner and a major source of foreign direct investment. He proposed the creation of a formal trade and investment dialogue framework to unlock further opportunities through enhanced collaboration, particularly in infrastructure, green finance, and sustainable development.
HM Edun welcomed the initiative, reaffirming Nigeria’s commitment to macroeconomic stability, investor-friendly reforms, and digital transformation. He emphasized ongoing reforms to improve the ease of doing business, projected GDP growth of 4.6% by 2025, and rising trade surplus as key indicators of Nigeria’s economic progress.
Both parties expressed optimism about future engagements and reaffirmed their commitment to deepening a robust, mutually beneficial economic partnership.
As Nigeria continues to navigate the complexities of global economic dynamics, this renewed commitment to EU-Nigeria economic cooperation marks a significant step towards a more prosperous and sustainable future for the nation.
Signed
Mohammed Manga FCAI
Director, Information and Public Relations
March 27, 2025
