Edun Wants Nigeria-Egypt Joint Investment Council Established

The federal government has reaffirmed its commitment to strengthening bilateral economic ties with the Arab Republic of Egypt through the proposed establishment of a Nigeria-Egypt Joint Investment Council.

This was disclosed by the minister of finance and coordinating minister of the economy, Wale Edun, during the Nigeria-Egypt Business Forum held in Abuja on Monday.

Represented by the minister of state for finance, Dr. Doris Uzoka-Anite, Edun emphasised that the Council would serve as a strategic platform for identifying investment opportunities, mitigating risks, and enhancing collaboration between the public and private sectors of both 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.

The proposed Nigeria-Egypt Joint Investment Council, he explained, is envisioned as a vehicle to unlock new frontiers of prosperity, facilitate sustainable economic growth, and improve the ease of doing business between the two countries.

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The forum, which brought together policymakers and business leaders from both countries, also served to highlight Nigeria’s openness to international investment and its ongoing macroeconomic reforms aimed at restoring investor confidence. They include fiscal, monetary, and regulatory adjustments aimed at creating a more predictable and business-friendly environment.

According to the minister, key sectors earmarked for Egyptian investment in Nigeria include infrastructure, agriculture and agribusiness, energy and renewables, digital economy, manufacturing, and industrialisation.

The sectors, he noted, present vast opportunities for mutually beneficial partnerships that can drive growth and development across both economies.

The establishment of the Joint Investment Council is seen as a significant policy move to formalise bilateral cooperation and strengthen economic diplomacy. It is expected to deepen trade and investment flows, encourage private sector engagement, and position Nigeria and Egypt as key players in fostering regional economic integration.

The forum reaffirmed Nigeria’s commitment to strategic dialogue, joint investment initiatives, and private sector-led growth as tools for unlocking shared prosperity with Egypt and other African partners.