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  • Nigerian Finance Minister meets EU envoy to unlock €1.3m investment

Nigerian Finance Minister meets EU envoy to unlock €1.3m investment

Published on March 27, 2025 at 10:48 PM

Nigerian Minister of Finance, Wale Edun, met the European Union, EU, ambassador to Nigeria, Mr Gautier Mignot, in Abuja to unlock €1.3 billion in investment.

The Ministry of Finance disclosed this on its X account on Thursday.

During the meeting, Ambassador Mignot highlighted EU’s position as Nigeria’s largest trading partner and a major source of foreign direct investment.

He proposed the establishment of a formal trade and investment dialogue framework to unlock further opportunities through enhanced collaboration, particularly in infrastructure, green finance, and sustainable development.

“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, Edun welcomed the initiative, reaffirming Nigeria’s commitment to macroeconomic stability, investor-friendly reforms, and digital transformation. He emphasised ongoing efforts to improve the ease of doing business and projected Gross Domestic Product growth of 4.6 per cent by 2025.

The statement added that discussions also focused on strategic projects such as the Trans-Saharan Gas Pipeline and the National Single Window trade system, aligning with Nigeria’s fiscal consolidation and infrastructure modernisation agenda.

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