Nigeria says its economy is on the rise with great investment opportunities.
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, said while receiving a high-level delegation from First Abu Dhabi Bank.
The team was led by the Group Head of Investment Banking, Martin Tricaud, in Abuja on Thursday.
The delegation visited to discuss investment opportunities and strategic partnerships.
The minister enumerated the country’s economic transformation over the past 18 months.
He listed key reforms like market-driven pricing for foreign exchange and petroleum products, increased trade through the African Continental Free Trade (AfCFTA), and stronger revenue from both oil and non-oil sectors.
Edun said that those measures had stabilised the economy, improved Gross Domestic Product (GDP) growth, and strengthened the trade balance.
“The progress we have made in stabilising the economy and driving growth is a testament to our administration’s commitment to economic reforms.
“We are eager to showcase these opportunities to investors and partners like the First Abu Dhabi Bank,” he said.
The Minister said that the government had put in efforts to boost food production and affordability, ensuring long-term economic resilience.
He said that the meeting marked a significant step in the country’s efforts to attract foreign investment and strengthen economic ties with key partners.
“This partnership with First Abu Dhabi Bank is expected to unlock new opportunities for investment, job creation, and economic development,” he said.
Tricaud commended the Minister for the country’s achievement.
He said that the partnership would yield positive result for both Nigeria and United Arab Emirates (UAE).
