A high-level delegation from JP Morgan, led by Dapo Olagunju, Head of JP Morgan West Africa, met with Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, to review potential investment opportunities in the country. The meeting, held in Abuja, was part of JP Morgan’s broader fact-finding mission to assess Nigeria’s economic landscape and financial markets.
The delegation included key investors with significant holdings in Nigeria’s Eurobonds and local securities. Their visit formed part of JP Morgan’s effort to provide international institutional investors with insights into Nigeria’s economic strategies and reforms.
Minister Edun highlighted recent economic achievements, including Nigeria’s successful Eurobond transaction, which was completed without the need for a roadshow due to strong global investor confidence. He emphasized President Bola Tinubu’s commitment to attracting foreign investments through strategic international partnerships and policy-driven economic reforms.
Energy sector improvements were also discussed, particularly Nigeria’s new agreements with the International Finance Corporation (IFC) to expand electricity access. The initiative aims to provide power to 400,000 Nigerians as part of broader infrastructure development efforts.
Addressing inflation concerns, Edun reassured investors that the Central Bank of Nigeria is implementing traditional monetary policies while the government prioritizes boosting agricultural production and stabilizing food prices to curb inflationary pressures.
Source: Vanguard