The Federal Government, through the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has proposed the creation of a Nigeria-Egypt Joint Investment Council. The announcement was made during the Nigeria-Egypt Business Forum held in Abuja, aimed at strengthening economic ties between the two nations.

The proposed Council is expected to serve as a structured platform for identifying mutual investment opportunities, minimizing risk, and facilitating collaboration between public and private sectors. Represented at the forum by the Minister of State for Finance, Dr. Doris Uzoka-Anite, Mr. Edun emphasized that both nations share dynamic populations, rich natural resources, and a common vision of inclusive growth and economic resilience.

“Nigeria and Egypt are not competitors, but strategic partners,” Edun said. “Our collaboration will unlock new frontiers of prosperity and foster sustainable development.”

The business forum also reaffirmed Nigeria’s commitment to fostering investor confidence through macroeconomic reforms and regulatory improvements. Key sectors highlighted for Egyptian investment include infrastructure, agriculture, energy, manufacturing, the digital economy, and industrialization.

The establishment of the Joint Investment Council is seen as a major step in advancing bilateral economic cooperation and accelerating shared development goals.