A strategic €1.3 billion investment portfolio package in Nigeria as well as the country’s economic reforms formed the crux of discussions when Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and the European Union (EU) Ambassador to Nigeria, Gautier Mignot, met in Abuja.
The ministry made this known in a statement on its X handle on Thursday.
According to the statement, Mignot while pointing out that the EU’s is Nigeria’s largest trading partner and a top source of foreign direct investment (FDI), proposed the establishment of a structured trade and investment dialogue framework to enhance collaboration in critical sectors such as infrastructure, green finance, and sustainable development.
He also highlighted the EU’s active €1.3 billion investment portfolio in Nigeria, alongside recent engagements by the European Bank for Reconstruction and Development (EBRD) and the EU’s Global Gateway Investment Strategy designed to boost infrastructure and sustainable development across Africa.
The EU Ambassador also emphasised the EU’s interest in supporting Nigeria’s economic transformation, citing ongoing reforms and the country’s growing trade surplus as positive indicators.
He noted that enhanced cooperation could further accelerate Nigeria’s infrastructure modernisation, digital economy, and energy transition goals.
Edun told the Ambassador that Nigeria is committed to macroeconomic stability, investor-friendly policies, and fiscal consolidation.
He highlighted key reforms aimed at improving the ease of doing business, including the National Single Window trade facilitation system, tax policy adjustments, and efforts to attract private capital into critical sectors.
According to the minister, Nigeria’s projected GDP growth of 4.6 per cent by 2025, driven by sustained reforms in the oil and non-oil sectors, as well as strategic investments in agriculture, technology, and manufacturing was a pointer to this.
The discussions also covered major infrastructure projects, including the Trans-Saharan Gas Pipeline, which aims to enhance energy exports and regional integration, as well as Nigeria’s push for green finance solutions to support climate-resilient development.
Both parties expressed optimism about future collaborations, with Edun stating that Nigeria remains open to deeper partnerships with the EU in areas such as digital innovation, agro-industrialisation, and renewable energy.
