FG strengthen ties with AfreximBank at IMF/W’bank spring meetings

In a significant move to bolster Nigeria’s economic prospects, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, held a key meeting with Afreximbank’s President, Benedict Oramah on the sidelines of the World Bank-IMF Annual Meetings in Washington D.C., Oando Group’s President, Mr. Wale Tinubu was also present.

The discussions focused on deepening financial collaboration to support President Bola Ahmed Tinubu’s economic reforms and strengthen Nigeria’s energy and trade sectors.

During the meeting, the Minister highlighted the Nigerian Government ’s commitment to driving economic growth through strategic partnerships.

He praised Afreximbank’s pivotal role in Nigeria, particularly through initiatives like the $3 billion crude oil repayment loan with NNPC, which has been critical in stabilizing the economy and supporting fiscal reforms.

The collaboration with Afreximbank is essential to our broader economic agenda, Edun noted, emphasizing the importance of securing financial support for key sectors such as energy, infrastructure, and trade.

President Oramah reaffirmed Afreximbank’s commitment to Nigeria’s economic progress, while Wale Tinubu of Oando Group stressed the need for continued investment to bolster the oil and gas sector, a key revenue generator for the country.

As Nigeria strives to overcome its economic challenges, the convergence of HM Edun, Afreximbank’s
President Oramah and Oando Group’s
President Wale Tinubu signals a renewed commitment to fostering financial and investment partnerships.

By deepening ties with Afreximbank and other key stakeholders, the nation is poised to stabilize its economy, drive growth, and unlock its vast potential.

With the right policies and partnerships in place, Nigeria can transition from recovery to sustained growth, ultimately lifting millions out of poverty and cementing its position as a leading African economy.