The Nigerian government has announced plans to strengthen economic cooperation with Egypt through the creation of a Nigeria-Egypt Joint Investment Council. The announcement was made at the Nigeria-Egypt Business Forum in Abuja by Wale Edun, Minister of Finance and Coordinating Minister of the Economy.
According to Edun, the proposed council will focus on identifying investment opportunities, reducing risks, and bringing together public and private sector efforts for mutual economic growth. “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.
Edun was represented at the event by Dr. Doris Uzoka-Anite, Minister of State for Finance. She reiterated Nigeria’s commitment to enhancing bilateral relations with Egypt through strategic dialogue and collaboration between governments and private businesses.
The forum also highlighted Nigeria’s willingness to improve its business environment and restore investor confidence by implementing fiscal, monetary, and regulatory reforms. Key sectors identified for potential Egyptian investment include infrastructure, agriculture and agribusiness, energy and renewables, digital economy, manufacturing, and industrialization.
Edun noted that these sectors present significant opportunities for joint ventures that could drive economic development in both countries. The establishment of the Joint Investment Council is seen as an important step toward achieving these goals by facilitating better coordination between stakeholders from both nations.
The statement was signed by Mohammed Manga FCAI, Director of Information and Public Relations.