Business
Nigeria, Afreximbank Strengthen Ties To Boost Economic Growth, Financial Integration
Joel Ajayi
On the sidelines of the 6th AU Mid-Year Coordination Meeting of the African Union, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun held bilateral talks with Dr. Benedict Okey Oramah, President of Afreximbank.
The meeting, which was held in Accra, Ghana weekend, reinforced the strong partnership between Afreximbank and the Federal Government of Nigeria, with a focus on driving economic growth and financial integration across Africa.
During the meeting, HM Edun acknowledged the fiscal policy measures implemented by the President Bola Ahmed Tinubu-led Administration, which has significantly improved Nigeria’s revenue position.
He emphasized the critical need for comprehensive financial integration across Africa to drive intra-continental trade, investment, and development.
On his part, Professor Oramah reaffirmed Afreximbank’s unwavering commitment to supporting President Tinubu’s developmental objectives for economic growth.
The bilateral talks underscored the importance of collaboration between Nigeria and Afreximbank in achieving shared economic goals.
Business
Nigeria Forges Strategic Ties As Finance Minister Meets Afeximbank President At IMF/World Bank Annual Meetings
Joel Ajayi
In a significant move to bolster Nigeria’s economic prospects, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, held a key meeting with Afreximbank’s President, Benedict Oramah on the sidelines of the World Bank-IMF Annual Meetings in Washington D.C., Oando Group’s President, Mr. Wale Tinubu was also present.
The discussions focused on deepening financial collaboration to support President Bola Ahmed Tinubu’s economic reforms and strengthen Nigeria’s energy and trade sectors.
During the meeting, the Minister highlighted the Nigerian Government ’s commitment to driving economic growth through strategic partnerships.
He praised Afreximbank’s pivotal role in Nigeria, particularly through initiatives like the $3 billion crude oil repayment loan with NNPC, which has been critical in stabilizing the economy and supporting fiscal reforms.
*The collaboration with Afreximbank is essential to our broader economic agenda,* Edun noted, emphasizing the importance of securing financial support for key sectors such as energy, infrastructure, and trade.
President Oramah reaffirmed Afreximbank’s commitment to Nigeria’s economic progress, while Wale Tinubu of Oando Group stressed the need for continued investment to bolster the oil and gas sector, a key revenue generator for the country.
As Nigeria strives to overcome its economic challenges, the convergence of HM Edun, Afreximbank’sPresident Oramah and Oando Group’sPresident Wale Tinubu signals a renewed commitment to fostering financial and investment partnerships.
By deepening ties with Afreximbank and other key stakeholders, the nation is poised to stabilize its economy, drive growth, and unlock its vast potential.
With the right policies and partnerships in place, Nigeria can transition from recovery to sustained growth, ultimately lifting millions out of poverty and cementing its position as a leading African economy.
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