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Home Business & Economy

Nigeria’s economy looking up as minister showcases progress to First Abu Dhabi Bank delegation

by NEW CITIZEN
February 6, 2025
in Business & Economy
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Nigeria’s economy looking up as minister showcases progress to First Abu Dhabi Bank delegation
Mr Wale Edun with the delegation from the First Abu Dhabi Bank, led by the Group Head of Investment Banking, Martin Tricaud

Mr Wale Edun with the delegation from the First Abu Dhabi Bank, led by the Group Head of Investment Banking, Martin Tricaud

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L-R: Jaiyeola Dauda, Head, African FTS; Clarence Singham-Zhou, Head of International; Martin Traicaud, Group Head, Investment Banking; Wale Edun, Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun; Sanyade Okoli, Special Assistant to the President on Finance and Economic Coordination, and Subomi Badejoko, the Special Assistant to the Minister, after their meeting in Abuja today

The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has stated that the country’s economy is on the rise with great investment opportunities.

He disclosed this today in his office in Abuja when he met with a high-level delegation from First Abu Dhabi Bank, led by the Group Head of Investment Banking, Martin Tricaud, to discuss investment opportunities and strategic partnerships

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Edun highlighted Nigeria’s economic transformation over the past 18 months, citing key reforms such as market-driven pricing for foreign exchange and petroleum, increased trade through AfCFTA, and stronger revenue from both oil and non-oil sectors.

He noted that these measures have stabilised the economy, improved GDP growth, and strengthened the trade balance.

He said: “The progress we have made in stabilising the economy and driving growth is a testament to our administration’s commitment to economic reform.

“We are eager to showcase these opportunities to investors and partners, like First Abu Dhabi Bank.”

The minister also emphasised efforts to boost food production and affordability, ensuring long-term economic resilience.

L-R: Martin Traicaud, Group Head, Investment Banking, First Abu Dhabi Bank, shakes hands with Mr Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, during the meeting

The meeting marks a significant step in Nigeria’s efforts to attract foreign investment and strengthen economic ties with key partners.

With Nigeria’s economy poised for continued growth, this partnership with First Abu Dhabi Bank is expected to unlock new opportunities for investment, job creation, and economic development.

Tags: First Abu Dhabi BankinvestmentMartin TricaudMr. Wale Edun
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