Nigeria and Egypt have commenced plans to establish a Nigeria-Egypt Joint Investment Council to help foster a deeper, more strategic economic partnership between both countries.
The establishment of the council was proposed by Nigeria’s Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, during the Nigeria-Egypt Business Forum in Abuja on Monday.
What The Proposed Council Seeks to Achieve
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, in addition to enhancing 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” Mr. Wale Edun who was represented by the Honourable Minister of State for Finance, Dr. Doris Uzoka-Anite stated.
Key sectors that were identified for Egyptian investment include infrastructure, agriculture and agribusiness, energy and renewables, digital economy, manufacturing as well as industrialization. These sectors, according to Mr. Wale Edun offer vast opportunities for collaboration and are expected to drive economic growth and development in both countries.
