Fg, Eu Move To Strengthen 1.3bn Euro Trade Investments

The Federal Governmentand the European Union EU have commenced high-level discussions on ways to strengthen EU-Nigeria economic cooperation.

A statement issued by the Finance Ministry on X noted that 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 EUs position as Nigerias largest trading partner and a major source of foreign direct investment.

He proposed the creation 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 EUs 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.

The minister welcomed the initiative, reaffirming Nigerias commitment to macroeconomic stability, investor-friendly reforms, and digital transformation.