The Federal Government of Nigeria and the European Union (EU) have engaged in high-level discussions to bolster economic cooperation, focusing on a €1.3 billion investment portfolio aimed at expanding trade and infrastructure development.
On Wednesday, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, hosted the EU Ambassador to Nigeria, Gautier Mignot, in Abuja to explore strategic economic partnerships.
Key topics included recent engagements by the European Bank for Reconstruction and Development (EBRD) and the EU's Global Gateway Investment Strategy, which seeks to enhance trade and connectivity between Africa and Europe.
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Minister Edun welcomed the initiative, emphasizing Nigeria's commitment to macroeconomic stability, investor-friendly reforms, and digital transformation.
He highlighted ongoing measures to improve the ease of doing business and projected that Nigeria's GDP would grow by 4.6% by 2025. He also pointed to the country's increasing trade surplus as evidence of economic progress.
The meeting also covered critical infrastructure projects such as the Trans-Saharan Gas Pipeline and the National Single Window trade system, which are aligned with Nigeria's broader fiscal consolidation and modernization agenda.
Both parties expressed optimism about future collaborations, reaffirming their shared commitment to fostering a dynamic and mutually beneficial economic partnership between Nigeria and the EU.
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