Business & Economy

Wale Edun Meets JP Morgan Delegation to Explore Investment Opportunities

Published

2 months ago

Feb 1, 2025.

The meeting between Edun and the JP Morgan delegation represents a substantial step forward in Nigeria’s pursuit of foreign investment and long-term economic growth.
Wale Edun hosted a meeting with a high-ranking delegation from JP Morgan led by Dapo Olagunju, Head of West Africa.

In Abuja, Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, hosted a meeting with a high-ranking delegation from JP Morgan led by Dapo Olagunju, Head of West Africa.

Eko Hot Blog gathered that the gathering was part of a fact-finding mission organized by JP Morgan to explore investment prospects and discuss economic strategies in the country.

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The delegation, composed of key investors with substantial investments in Nigeria’s Eurobonds and local securities, was on an exploratory visit arranged by JP Morgan.

The visit aimed to provide a diverse group of international institutional investors with firsthand insights into the country’s economic landscape.

The finance ministry, in a statement by its Director, Press and Public Relations, Mohammed Manga said during the meeting, Edun highlighted several key milestones achieved by the Nigerian economy, including the successful completion of a Eurobond transaction without a roadshow, which he attributed to strong global investor engagement.

The minister emphasized President Bola Tinubu’s dedication to attracting foreign investment through strategic international partnerships and reaffirmed the administration’s commitment to implementing market-driven reforms.

Wale Edun Meets JP Morgan Delegation to Explore Investment Opportunities

Edun also discussed significant developments in the energy sector, such as new agreements with the International Finance Corporation (IFC) that aim to expand electricity access for 400,000 Nigerians.

On the issue of inflation, Edun assured investors that the Central Bank of Nigeria is implementing orthodox monetary policies while the government works to increase agricultural production and stabilize food prices.