Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has urged stronger trade ties between African and Arab nations. Speaking at the Agribusiness Matchmaking Forum in Abuja, which took place ahead of the AATB Board of Governors Meeting, Edun highlighted the need for increased regional cooperation and investment to support economic growth.
Edun pointed out that current projections indicate Arab–African trade could expand by over $37 billion within three years. He encouraged both regions to focus on adding value to agricultural products instead of exporting raw commodities. The minister also mentioned that Nigeria’s expanding industrial sector and planned National Single Window reforms are expected to enhance efficiency, attract investment, and boost private-sector participation.
“This is a moment to turn opportunity into action,” Edun said. “By working together, we can build stronger value chains, create jobs and support prosperity across our regions.”
He further stated: “As African and Arab nations embark on this journey of deeper trade collaboration, the potential for growth and development is vast. With a shared vision and commitment to value-added partnerships, we can unlock new opportunities, drive economic growth, and create a brighter future for our people.”
The event underscored the importance of agribusiness partnerships as part of broader efforts to strengthen regional economies through trade.