Edun urges First Abu Dhabi Bank to invest in Nigeria

By Emma Ujah, Abuja Bureau Chief

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has urged the First Abu Dhabi Bank to invest in Nigeria.

The minister met officials of the bank to advance strategic financial cooperation aimed at expanding Nigeria’s access to international capital markets, according to a statement by the Ministry of Finance on X, yesterday.

The Minister welcomed FAB’s new representative office in Lagos Nigeria, describing it as a strong vote of confidence in the economy.

He highlighted the bank’s growing engagement in energy and infrastructure and outlined government priorities focused on sustainable financing, stronger governance, and deeper participation in global debt markets, including Sharia compliant instruments.

Both sides were said to have agreed to deepen collaboration and accelerate financing solutions that strengthen public finances, support infrastructure delivery, and unlock private investment.

Meanwhile, the minister was also said to have led strategic engagement with global energy and finance partners to advance Nigeria’s leadership under Mission 300, the continental effort to expand electricity access and drive economic growth.

A separate statement, yesterday, indicated that the discussions focused on accelerating delivery and mobilising investment to strengthen Nigeria’s power sector, recognising reliable electricity as essential to productivity, industrial expansion, digital inclusion, and job creation.

Mr. Edun described Mission 300 as central to Nigeria’s economic strategy, highlighting the country’s early adoption of the Compact, the establishment of a joint Finance and Power delivery unit, and growing momentum in distributed renewable energy, supported by innovative financing and private sector partnerships.

Anna Bjerde, Managing Director of Operations at the World Bank Group, who led a team of the organisation to the discussions commended Nigeria’s reform progress, describing the country as a potential game changer for Mission 300 due to its scale and leadership.

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