The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, on Wednesday, received the European Union (EU) Ambassador to Nigeria, Gautier Mignot, in Abuja where the duo had high-level discussions on how to strengthen EU-Nigeria economic cooperation.

According to a statement by the Finance Ministry on X, Thursday,  Ambassador Mignot underscored the EU’s position as Nigeria’s largest trading partner and a major source of foreign direct investment.

The envoy 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 discussions centered around the EU’s €1.3 billion 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 Nigeria’s commitment to macroeconomic stability, investor-friendly reforms, and digital transformation.

Edun emphasised ongoing reforms to improve the ease of doing business, projected a GDP growth of 4.6% by 2025, and rising trade surplus as key indicators of Nigeria’s economic progress.

Other highlights of the meeting included  strategic projects such as the Trans-Saharan Gas Pipeline and the National Single Window trade system, further aligning with Nigeria’s fiscal consolidation and infrastructure modernisation agenda.

The parties expressed optimism about future engagements and reaffirmed their commitment to deepening a robust, mutually beneficial economic partnership.