Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, held high-level talks with the European Union (EU) Ambassador to Nigeria, Gautier Mignot, in Abuja on Wednesday, focusing on expanding trade, investment, and economic cooperation between the two partners.
During the meeting, Ambassador Mignot emphasized the EU’s position as Nigeria’s largest trading partner and a key source of foreign direct investment (FDI). He proposed the establishment of a formal trade and investment dialogue framework, which would unlock new opportunities through enhanced collaboration in infrastructure, green finance, and sustainable development.
With an investment portfolio of €1.3 billion in Nigeria, the EU has continued to strengthen its economic presence in the country. Discussions also touched on the involvement of the European Bank for Reconstruction and Development (EBRD) and the Global Gateway Investment Strategy, both of which are designed to deepen economic ties between Africa and Europe.
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Minister Edun welcomed the EU’s commitment to Nigeria, reaffirming the government’s dedication to macroeconomic stability, investor-friendly reforms, and digital transformation. He highlighted ongoing economic reforms aimed at improving the ease of doing business, a projected GDP growth of 4.6% by 2025, and a rising trade surplus, all signaling Nigeria’s growing economic strength.
Strategic projects such as the Trans-Saharan Gas Pipeline and the National Single Window trade system were also central to the discussions, aligning with Nigeria’s fiscal consolidation and infrastructure modernization agenda.
Both parties expressed optimism about future collaborations, reaffirming their commitment to deepening a strong, mutually beneficial economic partnership between Nigeria and the EU.
