Nigeria and Egypt are set to deepen bilateral economic relations with the proposed creation of a Nigeria-Egypt Joint Investment Council. The initiative was announced at the Nigeria-Egypt Business Forum held Monday in Abuja.
Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun — represented by the Minister of State for Finance, Dr. Doris Uzoka-Anite — said the Council will serve as a platform to identify investment opportunities, reduce risks, and align public-private efforts to accelerate growth in both nations.
“Our countries are not competitors but partners in building resilient economies and sustainable development,” Edun said.
The proposed Council will focus on key sectors including infrastructure, agribusiness, energy, renewables, manufacturing, and the digital economy. Nigerian officials say the initiative underscores the country’s openness to foreign investment and its push for economic reforms to restore investor confidence.
The announcement reflects Nigeria’s continued commitment to strengthening strategic alliances and unlocking new opportunities for prosperity.