The Federal Government of Nigeria and the European Union (EU) have initiated discussions aimed at enhancing economic cooperation and expanding trade relations between both parties.
According to a statement released by the Finance Ministry on X, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and the EU Ambassador to Nigeria, Gautier Mignot, engaged in the discussion at a meeting in Abuja, adding that Amb. Mignot underscored the EU’s position as Nigeria’s largest trading partner and a major source of foreign direct investment.
He proposed the establishment 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 euro 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.
Edun 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 meeting 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 modernization agenda.
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