FILE: The Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele Nigeria has reiterated its commitment to attracting foreign investment and deepening economic ties with global financial institutions as the Federal Government joined other African leaders at the London Stock Exchange on Wednesday to promote stronger Africa-United Kingdom investment relations.
The position was contained in a statement issued by the Federal Ministry of Finance through its Head of Information and Public Relations, Efe Ovuakporie, on Wednesday. According to the statement, the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, represented President Bola Tinubu at the official opening of trading at the London Stock Exchange alongside the President of Ghana and other African leaders.
The statement noted that the market opening ceremony brought together heads of government, finance ministers, policymakers, global investors, chief executives, and representatives of major financial institutions from Africa, Europe, and other parts of the world.
It said the participation of African leaders at the event reflected efforts to position the continent as an attractive destination for investment and long-term economic partnerships. “The participation of African leaders in the opening of one of the world’s foremost financial markets reflected a growing commitment to positioning the continent as a preferred destination for investment and long-term economic partnerships,” the statement said.
The ministry added that the event provided an avenue to showcase Africa’s economic potential and ongoing reforms designed to improve the business environment and attract capital inflows. During engagements at the event, Oyedele reaffirmed Nigeria’s commitment to implementing economic reforms aimed at promoting stability, supporting private-sector growth, and improving investor confidence.
According to the statement, the minister stressed that stronger collaboration between African economies and international financial institutions remained essential to unlocking investment opportunities, expanding infrastructure, and accelerating inclusive growth across the continent.
“Speaking during the engagements, Mr Oyedele reaffirmed Nigeria’s commitment to implementing economic policies and reforms that promote stability, support private sector growth, and enhance investor confidence. Related News Police launch manhunt as gunmen abduct Adelabu’s sister, nephews Africa can raise $469bn without tax hikes – AfDB Tambuwal demands action after fresh Sokoto bandit attacks “He noted that stronger collaboration between African economies and global financial institutions remains critical to unlocking investment opportunities, expanding infrastructure, and accelerating inclusive growth across the continent,” the statement read.
Following the opening ceremony, African leaders and investors participated in a private executive breakfast discussion themed “Navigating a World in Transition.” The session examined the impact of global economic changes, shifting geopolitical realities, and emerging trends influencing international investment decisions.
The ministry said the discussions created an opportunity for direct engagement between African policymakers and international business leaders on practical strategies to improve economic resilience and attract sustainable investment. Participants also explored opportunities for cooperation in infrastructure financing, capital market development, trade facilitation, and technology-driven growth.
According to the statement, the leaders emphasised the need to build stronger connections between Africa and major global financial centres to unlock new sources of capital to support development priorities across the continent. “The leaders emphasised the importance of building stronger bridges between Africa and global financial centres to unlock new sources of capital needed to support development priorities across the continent,” the statement noted.