A delegation from JP Morgan, a US multinational financial services firm, has visited Nigeria to explore investment opportunities and assess economic strategies, according to the ministry of finance.
In a statement on Friday, Mohammed Manga, director of information and public relations at the ministry, said Wale Edun, minister of finance, received the delegation — led by Dapo Olagunju, JP Morgan’s head of West Africa — in Abuja.
Manga said the delegation included major investors who hold significant stakes in Nigeria’s eurobonds and local securities.
The information director said the visit was part of an exploratory mission organised by JP Morgan for a diverse group of international institutional investors seeking insights into Nigeria’s economic landscape.
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“During the discussions, the Honourable Minister highlighted Nigeria’s recent economic milestones, including a successful Eurobond transaction completed without a roadshow, thanks to strong global investor engagement,” Manga said.
“He emphasised President Bola Tinubu’s ongoing efforts to attract foreign investment through strategic international engagements and reaffirmed the administration’s commitment to market-driven reforms.
“HM Edun also pointed to key developments in the energy sector, including new agreements with the International Finance Corporation (IFC) aimed at expanding electricity access to 400,000 Nigerians in the first instance.”
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On inflation, Manga said Edun assured investors that the Central Bank of Nigeria (CBN) has been implementing orthodox monetary policies while the government continues to work to boost agricultural production and stabilise food prices.
Olayemi Cardoso, governor of the CBN, on Thursday, said the apex bank’s “decisive policy interventions” stopped inflation from rising to 42.81 percent in December 2024.
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