Nigeria , Egypt To Deepen Economic Ties With  Joint  Investment Council

The Federal Government of Nigeria has reaffirmed its commitment to fostering a deeper, more strategic economic partnership with the Arab Republic of Egypt. This commitment was underscored by the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, who proposed the establishment of a Nigeria-Egypt Joint Investment Council during the Nigeria-Egypt Business Forum in Abuja on Monday.

The proposed Council will serve as a dedicated platform to identify investment opportunities, mitigate risks, and align public and private sector efforts toward their shared economic growth. This partnership is expected to unlock new frontiers of prosperity, drive sustainable economic growth, and enhance the ease of doing business between the two nations.

*We are blessed with vibrant populations, abundant natural resources, and an entrepreneurial spirit that positions us not as competitors, but as partners with a shared vision of resilient economies, inclusive growth, and sustainable development,* Edun stated, 

Represented by the Honourable Minister of State for Finance, Dr. Doris Uzoka-Anite, the  Minister, emphasized that Nigeria remains committed to strengthening bilateral ties with Egypt and unlocking new frontiers of prosperity through strategic dialogue, investment, and private sector collaboration.

The forum highlights Nigeria’s openness to business and its commitment to improving the macro-economic environment and restoring investor confidence through significant fiscal, monetary, and regulatory reforms.

Key sectors identified for Egyptian investment include infrastructure, agriculture and agribusiness, energy and renewables, digital economy, manufacturing as well as industrialization.

 These sectors, HM Edun informed, offer vast opportunities for collaboration and are expected to drive economic growth and development in both countries.

The proposed establishment of the Nigeria-Egypt Joint Investment Council is a significant step toward deepening economic ties between the two nations. It is expected to facilitate the identification of investment opportunities, mitigate risks, and align public and private sector efforts toward shared economic growth.

The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun today participated in the inaugural meeting of the National Steering Committee for the Human Capital Opportunities for Prosperity and Equity (HOPE) programme. An ambitious, World Bank-supported initiative aimed at accelerating inclusive economic development through strategic investment in Nigeria’s people.

Chaired by the Honourable Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu and the committee includes key Federal Executive Council members as co-chairs, including Ministers of Finance, Education, Health, Women Affairs, among others.

In his remarks, HM Edun described the HOPE programme as *a transformative platform to unlock Nigeria’s economic potential by strengthening health, education, and governance systems nationwide.* He emphasised that the initiative aligns directly with President Bola Ahmed Tinubu’s economic renewal agenda, which places human capital at the core of sustainable growth.

*The President’s vision is clear: prosperity must be inclusive. No one is to be left behind,* he stated. 

With five states and the Federal Capital Territory already onboard, the Minister urged remaining states to join swiftly. He highlighted the strategic urgency of investing in Nigeria’s growing youth population, noting that African countries will account for 25% of the global workforce over the next 30 years.

HM Edun reiterated the Ministry’s full support for the swift passage of the Boreum Plan, of which HOPE is a central pillar, before the National Assembly enters summer recess. The plan provides the financial framework to deliver globally aligned, state-led interventions in primary healthcare, education, and social development.