Nigeria Proposes Joint Investment Council to Strengthen Economic Ties with Egypt

By Oluwakemi Kindness

Nigeria has proposed the creation of a Nigeria-Egypt Joint Investment Council, a major step towards deepening economic ties and unlocking shared prosperity between the two nations.

The proposal was unveiled by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, during the Nigeria-Egypt Business Forum in Abuja.

The Council, once established, would act as a high-level platform for identifying investment opportunities, mitigating risks, and coordinating joint economic efforts between both governments and their private sectors.

“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 said in a statement delivered by the Minister of State for Finance, Dr. Doris Uzoka-Anite.

According to a statement on Tuesday by the Director Information, Ministry of Finance, Mohammed Manga, the Council is expected to drive focused cooperation in infrastructure, agriculture, energy, digital economy, manufacturing, and industrialization—sectors seen as critical to sustainable growth in both countries.

Edun affirmed that Nigeria remains committed to strengthening bilateral relations with Egypt through strategic dialogue and private sector engagement.

He stressed that the proposed Council aligns with President Bola Tinubu’s economic reform agenda, which includes major fiscal, monetary, and regulatory shifts aimed at improving the business climate and restoring investor confidence.

The forum served as a signal of Nigeria’s growing openness to investment and regional collaboration, particularly with key African partners like Egypt.

Observers say the proposed Council could be a game-changer in accelerating joint ventures, easing trade barriers, and institutionalizing long-term cooperation between two of Africa’s largest economies.