The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, recently met with a high-level delegation from JP Morgan to explore investment opportunities in Nigeria.
According to a statement by the Ministry’s Director of Information and Public Relations, Mr. Mohammed Manga, the delegation was led by Dapo Olagunju, Head of JP Morgan West Africa.
The meeting, held at Edun’s office in Abuja, was part of JP Morgan’s fact-finding mission aimed at assessing economic strategies and potential investment avenues in Nigeria.
Key Discussions on Investment and Economic Growth
The delegation included major investors with substantial holdings in Nigeria’s Eurobonds and local securities. This exploratory visit provided international institutional investors with insights into the nation’s economic landscape.
During the discussions, the Minister highlighted Nigeria’s recent economic achievements, including the completion of a successful Eurobond transaction without a roadshow, reflecting strong global investor confidence.
He also emphasized President Bola Tinubu’s ongoing efforts to attract foreign investment through strategic international engagements and reinforced the administration’s commitment to market-driven reforms.
Developments in the Energy Sector
Edun outlined key initiatives in the energy sector, including new agreements with the International Finance Corporation (IFC) to expand electricity access to 400,000 Nigerians in the initial phase.
Government’s Plan to Tackle Inflation
Addressing concerns on inflation, the Minister assured investors that the Central Bank of Nigeria is implementing orthodox monetary policies while the government is focused on boosting agricultural production and stabilizing food prices.
This engagement marks another step in Nigeria’s broader strategy to strengthen investor confidence and drive sustainable economic growth.