JP Morgan delegation engages Nigeria to boost investment prospects

Abdullateef Fowewe

A high-level delegation from JP Morgan, led by Dapo Olagunju, Head of West Africa, met with the Minister of Finance and Coordinating Minister of the Economy, Wale Edun at the Finance Ministry on Wednesday to discuss potential investment opportunities in Nigeria.

This was made known in a statement made available on Thursday by the Ministry of Finance.

The meeting was said to have been part of a fact-finding mission aimed at providing international institutional investors with insights into Nigeria’s economic landscape.

During the discussions, Edun highlighted Nigeria’s economic achievements, including a recent successful Eurobond transaction that garnered strong global investor interest.

He further underscored President Bola Tinubu’s commitment to attracting foreign investment through strategic engagements and underlined ongoing market-driven reforms.

The minister also addressed key developments in the energy sector, announcing new agreements with the International Finance Corporation (IFC) to enhance electricity access for 400,000 Nigerians. Additionally, he reassured investors that the Central Bank of Nigeria is implementing orthodox monetary policies while working to stabilize food prices through increased agricultural production.

The statement reads partly, “A high-level delegation from JP Morgan, led by Dapo Olagunju, Head of West Africa, met with the Honourable Minister Wale Edun at Finance HQ on Wednesday evening to explore investment opportunities and economic strategies. The delegation, which included major investors with significant holdings in Nigeria’s Eurobonds and local securities, was part of a fact-finding trip organised by JP Morgan for a diverse group of international institutional investors seeking insights into Nigeria’s economic landscape.

“During the discussions, HM Edun highlighted Nigeria’s recent economic milestones, including a successful Eurobond transaction completed without a roadshow, thanks to strong global investor engagement. He emphasised President Bola Tinubu’s ongoing efforts to attract foreign investment through strategic international engagements and reaffirmed the government’s commitment to market-driven reforms.”