Finance
Nigeria Explores Landmark Infrastructure Investment Deal with DP World at Davos 2025
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Nigeria’s drive to address its infrastructure deficit and improve logistics efficiency took a significant step forward at the World Economic Forum (WEF) 2025 in Davos, Switzerland.
The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, met with Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, to discuss transformative infrastructure investment opportunities.
Director of Information and Public Relations, Mohammed Manga, in a statement said the discussions focused on leveraging DP World’s expertise to alleviate Nigeria’s logistics challenges and unlock the country’s economic potential.
Speaking after the meeting, Edun underscored the importance of private sector collaboration in driving Nigeria’s development agenda.
“Our engagement with DP World reflects Nigeria’s commitment to creating a robust infrastructure framework that facilitates trade, improves logistics, and attracts foreign investment,” he said.
Sultan Bin Sulayem expressed DP World’s readiness to support Nigeria’s economic ambitions. “Nigeria is a key player in Africa, and we are committed to bringing our global experience in logistics and infrastructure to help the country achieve its development goals,” he remarked.
The partnership, if finalized, could lead to transformative projects aimed at enhancing Nigeria’s trade efficiency and boosting its global competitiveness.
Experts believe that such collaborations will significantly contribute to diversifying Nigeria’s economy and driving long-term growth.
Finance
FG Strengthens Private Sector Growth with IFC Support
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The Federal Government has reaffirmed its commitment to private sector-led economic growth, emphasizing the crucial role of the International Finance Corporation (IFC) in driving investment across key sectors.
Speaking at a World Bank event on Thursday, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, assured that the government remains dedicated to fostering a business-friendly environment that attracts private investments.
The Minister praised IFC’s contributions to agriculture, infrastructure, and energy, noting that these partnerships are essential for economic stability and job creation.
“The government is committed to working with global partners like the IFC to drive sustainable investments that will unlock economic opportunities and improve the standard of living for Nigerians,” Edun stated.
He highlighted that recent policy reforms, such as the removal of fuel subsidies and efforts to boost production, have strengthened public finances and enhanced the investment climate.
While acknowledging the rising cost of living, the Minister assured that the government is prioritizing food security and expanding financial support for vulnerable Nigerians.
He thanked the IFC and other development partners for their continued collaboration in shaping Nigeria’s economic future.
“As Nigeria continues its economic transformation, strategic partnerships will remain key to achieving our long-term goals of sustainable growth, job creation, and poverty reduction,” he added.
With renewed commitment and stronger collaboration between the government and global financial institutions like the IFC, Nigeria is positioned to unlock its full economic potential. The administration remains focused on creating an environment where businesses can thrive, ensuring that private sector investments drive growth, innovation, and prosperity for all Nigerians.
Finance
Nigeria, Turkey Forge Stronger Economic Alliance as Edun Meets Turkish Ambassador
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In a strategic move to strengthen international economic partnerships, Nigeria and Turkey are set to deepen their trade and investment ties following a high-profile meeting between Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, and the Turkish Ambassador to Nigeria, H.E. Hidayet Bayraktar.
The Director of Information and public relations, Muhammed Manga in a statement indicated that the meeting, which held at the Federal Ministry of Finance headquarters in Abuja, is a sign of renewed commitment by both nations to expand economic cooperation and foster a more business-friendly environment. This initiative aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda, which prioritizes sustainable economic growth and foreign investment.
During the discussions, Minister Edun emphasized Nigeria’s readiness to attract more foreign investment, highlighting recent policy reforms aimed at improving ease of doing business in the country. He assured the Turkish delegation of the government’s unwavering support, citing opportunities in key sectors such as infrastructure, energy, agriculture, and technology.
“The Tinubu administration is committed to creating a stable, transparent, and investor-friendly climate that will drive economic growth and prosperity for all,” Edun stated, reaffirming Nigeria’s strategic focus on diversifying its economy and fostering global partnerships.
Ambassador Bayraktar praised Nigeria’s economic reforms and expressed Turkey’s keen interest in expanding bilateral trade, particularly in sectors where both countries have mutual interests. He acknowledged Nigeria’s pivotal role in Africa’s economic landscape and highlighted Turkey’s desire to be a long-term partner in Nigeria’s growth story.
This diplomatic engagement is poised to unlock new avenues for trade, technology transfer, and infrastructure development, benefiting both nations. With Nigeria’s large market and Turkey’s robust industrial base, the partnership is expected to spur job creation, enhance technological cooperation, and drive economic resilience.
As both countries look to the future, this meeting marks a critical step toward fostering stronger diplomatic and economic relations, positioning Nigeria and Turkey as key players in the global economic arena.
Finance
Wale Edun Showcases Economic Reforms to First Abu Dhabi Bank Delegation
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***As Nigeria Courts Global Investors
In a bold move to strengthen Nigeria’s position on the global economic stage, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, welcomed a high-powered delegation from First Abu Dhabi Bank to Abuja, highlighting the nation’s impressive economic reforms and investment potential.
The delegation, led by Martin Tricaud, Group Head of Investment Banking at First Abu Dhabi Bank, met with Mr. Edun to discuss strategic partnerships and explore lucrative investment opportunities in Africa’s largest economy.
The meeting comes as Nigeria aggressively pursues foreign direct investment to fuel its ongoing economic transformation.
Director of Information and public Relations, Muhammed Manga, in a statement quoted Edun during the discursion to have painted a picture of a resilient Nigerian economy on the rise, citing the administration’s landmark reforms over the past 18 months.
He pointed to significant policy shifts such as the introduction of market-driven pricing for foreign exchange and petroleum products, enhanced regional trade through the African Continental Free Trade Area (AfCFTA), and diversified revenue streams from both oil and non-oil sectors.
“The progress we have made in stabilising the economy and driving growth is a testament to our administration’s commitment to reform,” Edun stated confidently. “We are eager to showcase these opportunities to investors and partners like First Abu Dhabi Bank, who can play a pivotal role in Nigeria’s growth story.”
The Minister also highlighted efforts to ramp up food production and ensure affordability, positioning agricultural growth as a cornerstone of Nigeria’s long-term economic resilience.
For First Abu Dhabi Bank, this visit signals growing interest from the Middle East in Nigeria’s evolving financial landscape. With one of the largest economies in Africa, Nigeria presents an attractive market for international investors seeking high-growth opportunities in sectors ranging from energy to technology and agriculture.
Analysts view the meeting as a significant step toward deepening Nigeria’s financial ties with the Gulf region, potentially unlocking millions of dollars in investment that could spur job creation and infrastructure development.
“Nigeria’s economy is at a turning point,” Mr. Edun noted. “Our reforms are not just about numbers—they are about creating an environment where businesses can thrive, jobs can be created, and prosperity can be shared by all Nigerians.”
As the government continues its aggressive push for foreign investment, this budding relationship with First Abu Dhabi Bank could mark the beginning of a new era of economic partnerships for Nigeria, further solidifying its role as a major player in the global economy.
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