Nigeria, Egypt to Deepen Economic Ties with Joint Investment Council
The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has, at the Nigeria-Egypt Joint Business Forum in Abuja today, reiterated Nigeria’s dedication to deepening economic ties with Egypt, proposing the establishment of a joint investment Council to drive collaboration.
The proposed Council will serve as a dedicated platform to identify investment opportunities, mitigate risks, and align public and private sector efforts toward their shared economic growth.
Mohammed Manga, the Ministry’s Director, Information and Public Relations in a statement disclosed that the partnership is expected to unlock new frontiers of prosperity, drive sustainable economic growth, and enhance the ease of doing business between the two nations.
*We are blessed with vibrant populations, abundant natural resources, and an entrepreneurial spirit that positions us not as competitors, but as partners with a shared vision of resilient economies, inclusive growth, and sustainable development,* Edun stated,
Represented by the Honourable Minister of State for Finance, Dr. Doris Uzoka-Anite, the Minister, emphasized that Nigeria remains committed to strengthening bilateral ties with Egypt and unlocking new frontiers of prosperity through strategic dialogue, investment, and private sector collaboration.
The forum highlights Nigeria’s openness to business and its commitment to improving the macro-economic environment and restoring investor confidence through significant fiscal, monetary, and regulatory reforms.
Key sectors identified for the Egyptian investment include infrastructure, agriculture and agribusiness, energy and renewables, digital economy, manufacturing as well as industrialization.
These sectors, HM Edun informed, offer vast opportunities for collaboration and are expected to drive economic growth and development in both countries.
The proposed establishment of the Nigeria-Egypt Joint Investment Council is a significant step toward deepening economic ties between the two nations. It is expected to facilitate the identification of investment opportunities, mitigate risks, and align public- private sector efforts toward shared economic growth.
