In a bid to strengthen economic cooperation between Nigeria and the European Union (EU), Wale Edun, the minister of Finance and Coordinating Minister of the Economy, met with Gautier Mignot, the EU Ambassador to Nigeria, on Wednesday in Abuja.
The meeting focused on deepening collaboration and expanding the EU’s €1.3 billion investment portfolio in the country.
Ambassador Mignot stressed the EU’s strategic role as Nigeria’s largest trading partner and a leading source of foreign direct investment.
To build on this relationship, he proposed the creation of a formal EU-Nigeria Trade and Investment Dialogue—a framework that would enhance bilateral cooperation, particularly in infrastructure, green finance, and sustainable development.
The Ambassador also noted the Global Gateway Investment Strategy and the recent engagement of the European Bank for Reconstruction and Development (EBRD) in Nigeria as key drivers of future growth and collaboration.
In response, Minister Edun welcomed the initiative and reaffirmed Nigeria’s focus on macroeconomic stability, digital transformation, and investor-friendly reforms.
He pointed to the government’s ongoing efforts to improve the ease of doing business, a projected GDP growth rate of 4.6% by 2025, and a rising trade surplus as signs of positive economic growth.
Key strategic projects such as the Trans-Saharan Gas Pipeline—intended to boost energy exports—and the National Single Window system—designed to simplify trade processes—were also highlighted as pillars of future cooperation.
Both parties look forward to deepening the EU-Nigeria partnership, building a solid and mutually beneficial economic relationship.
