Nigeria and Egypt To Deepen Economic Ties with Joint Investment Council

In a bold move to deepen bilateral trade and investment, Nigeria and Egypt are set to establish a Joint Investment Council, aimed at driving economic growth through strategic collaboration.

The announcement came during the Nigeria-Egypt Business Forum held in Abuja on Monday, as well as a press release on July 23^rd by the Federal Ministry of Finance via their X (formerly Twitter) handle. It was signed by the Director of Information and Public Relations.  Mohammed Manga FCAI, dated July 22, 2025.

According to Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, the proposed Council will be a dedicated mechanism to identify investment opportunities, manage risks, and synchronize public and private sector efforts.

Represented at the forum by the Minister of State for Finance, Dr. Doris Uzoka-Anite, Edun emphasized that the partnership is positioned to unlock “new frontiers of prosperity” for both nations.

This reflects a renewed commitment to fostering stronger economic ties between Africa’s two largest economies.

Edun highlighted the common strengths of both countries: large, youthful populations, abundant natural resources, and dynamic entrepreneurial sectors, as key drivers of their partnership.

“We are not competitors,” he noted, “but partners with a shared vision of resilient economies, inclusive growth, and sustainable development.”

Focus Sectors for Egyptian Investment

Key sectors identified for Egyptian investment include infrastructure, agriculture and agribusiness, energy and renewables, the digital economy, manufacturing, and industrialization. These priority areas are expected to stimulate job creation, enhance productivity, and support Nigeria’s ongoing economic reforms.

Boosting Investor Confidence Through Reform

The forum also reinforced Nigeria’s ongoing efforts to improve its macroeconomic environment, attract foreign direct investment, and restore investor confidence.

Recent fiscal, monetary, and regulatory reforms were cited as evidence of the country’s openness to business and commitment to long-term economic stability.

The Nigeria-Egypt Joint Investment Council will serve as a key driver in institutionalizing bilateral economic cooperation.

By aligning policy frameworks and mobilizing the private sector, the Council aims to accelerate sustainable development and foster mutually beneficial trade between both nations.

Subscribe to Notifications