Nigeria Deepens Ties with JICA, MIGA to Boost Foreign Investments

Nigeria Deepens Ties with JICA, MIGA to Boost Foreign Investments

JOEL OLADELE, Abuja

Nigeria has taken a major step toward strengthening its economic partnership with international development agencies following a high-level bilateral meeting between the Federal Ministry of Finance and representatives of the Japan International Cooperation Agency (JICA) and the Multilateral Investment Guarantee Agency (MIGA).

The meeting, held on the sidelines of the ongoing World Bank Group and IMF Annual Meetings in Washington D.C., was led by the Minister of State for Finance, Dr. Doris Uzoka-Anite, alongside other members of the Nigerian delegation.

According to a statement signed by the Director of Information and Public Relations, Mohammed Manga, on Tuesday, discussions at the meeting centered on ways to attract more Foreign Direct Investments (FDI) into Nigeria and strengthen ongoing pipeline projects.

Dr. Uzoka-Anite emphasized the Federal Government’s resolve to build on strategic global alliances to boost economic growth.

“Nigeria remains committed to leveraging international partnerships to advance sustainable development and unlock investment opportunities that will drive inclusive growth,” she said.

Both JICA and MIGA expressed confidence in Nigeria’s reform efforts and pledged continued support for the country’s economic transformation agenda.

“Our partnership with Nigeria continues to reflect our confidence in the country’s potential as an emerging economic hub in Africa,” representatives from the agencies affirmed.

The talks underscore the growing international confidence in Nigeria’s economic outlook and the potential for deeper collaboration with global development partners.

As the nation intensifies efforts to diversify its economy, the partnerships with JICA and MIGA are expected to play a pivotal role in unlocking new avenues for investment, infrastructure development, and private-sector growth.