Egypt Prioritises Stronger Trade, Investment Ties with Nigeria

  • Ambassador Mohamed Fouad reaffirmed Egypt’s commitment to deepening trade, investment, and sectoral cooperation with Nigeria.
  • Both nations are expanding collaboration in security, education, and healthcare, elevating bilateral relations to a comprehensive partnership.

Egypt’s Ambassador to Nigeria, Mohamed Fouad, said Cairo remains committed to strengthening trade and investment ties with Abuja, calling it a top priority for both countries.

Speaking at Egypt’s 73rd National Day celebration in Abuja over the weekend, Fouad said Egypt and Nigeria aim to build a modern partnership based on shared values and mutual goals.

“Scaling up our trade and investment relations is a priority for our two governments,” he said. “We are proud of the many Egyptian companies operating in Nigeria, especially in construction, energy, and communications. These firms have contributed to economic growth and job creation.”

In addition, Fouad listed other areas of cooperation, including security, counter-terrorism, infrastructure, agriculture, healthcare, education, and technology. He said both countries are working to deepen collaboration across these sectors.

He also noted a rise in people-to-people exchange through tourism, business, and education. “This growing interaction forms a strong foundation for our bilateral relations,” he said.

Furthermore, the ambassador highlighted Egypt’s domestic transformation under President Abdel Fattah El-Sisi’s “New Republic” vision. He said Egypt is building new cities, investing in renewable energy, expanding its industrial base, and modernising education and healthcare systems.

“Our economy is diversifying, our infrastructure is evolving, and we remain committed to regional stability and international cooperation,” he said.

Addressing geopolitical uncertainty, Fouad said Egypt and Nigeria are working to redefine their relationship in response to shared challenges. He pointed to the third round of bilateral political consultations held in Cairo. In January, Foreign Ministers Badr Abd-Elatty and Youssef Tuggar signed a joint statement upgrading ties to a “comprehensive partnership.”

Fouad added that citizens of both countries play a vital role in advancing bilateral goals. He also recalled Egypt’s long-standing cultural and academic links with Nigeria, particularly through Cairo’s Al-Azhar University, which has educated generations of Nigerian scholars.

“Today, hundreds of Nigerian students are enrolled in Egyptian universities,” he said. “They will help shape Nigeria’s future and strengthen the bonds between our nations.”

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