The Minister of Finance and Coordinating Minister of the Economy, Wale Edun and the European Union (EU) Ambassador to Nigeria, Gautier Mignot, commenced high-level discussions on strengthening EU-Nigeria economic cooperation in Abuja.
A statement issued by the Finance Ministry on X on Thursday explained that 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.
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 Minister welcomed the initiative, reaffirming Nigeria’s commitment to macroeconomic stability, investor-friendly reforms, and digital transformation.
He emphasised ongoing reforms to improve the ease of doing business, projected a GDP growth of 4.6% by 2025, and rising trade surplus as key indicators of Nigeria’s economic progress.
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.
