The European Union (EU) has proposed the creation of a formal trade and investment dialogue framework with Nigeria to unlock further opportunities in infrastructure, green finance, and sustainable development.
This initiative is intended to deepen economic collaboration between both parties and enhance mutual benefits.
At the centre of discussions was the bloc’s position as Nigeria’s largest trading partner and a major source of foreign direct investment.
Talks also covered the EU’s €1.3 billion investment portfolio in Nigeria, engagements by the European Bank for Reconstruction and Development (EBRD), and the Global Gateway Investment Strategy, which seeks to strengthen Africa-Europe economic relations.
Strategic projects such as the Trans-Saharan Gas Pipeline and the National Single Window trade system were reviewed, aligning with Nigeria’s fiscal consolidation and infrastructure modernisation plans.
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, welcomed the initiative, stating Nigeria’s commitment to macroeconomic stability, investor-friendly reforms, and digital transformation.
