EU Proposes Landmark Trade Deal with Nigeria, Eyes €1.3 Billion Investment Boost

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The European Union has proposed a formal trade and investment dialogue framework with Nigeria, aiming to unlock opportunities in infrastructure, green finance, and sustainable development. This initiative seeks to deepen economic collaboration and enhance mutual benefits between the two parties

At the heart of discussions was the EU’s position as Nigeria’s largest trading partner and a significant source of foreign direct investment. The EU’s €1.3 billion investment portfolio in Nigeria, engagements by the European Bank for Reconstruction and Development, and the Global Gateway Investment Strategy were also key topics. 

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Strategic projects, such as the Trans-Saharan Gas Pipeline and the National Single Window Trade System, were reviewed to align with Nigeria’s fiscal consolidation and infrastructure modernisation plans.

Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, welcomed the initiative, stating, “Nigeria is committed to macroeconomic stability, investor-friendly reforms, and digital transformation.” He highlighted ongoing efforts to improve the ease of doing business, a projected GDP growth of 4.6% by 2025, and a rising trade surplus as key indicators of economic progress.

Both sides expressed optimism about future engagements, sharing a commitment to strengthening a robust and mutually beneficial economic partnership. This development is in line with the EU’s comprehensive strategy with Africa, which aims to promote sustainable development, peace, and security.

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