According to a statement by the EU Ambassador to Nigeria and the Economic Community of West African States, Gautier Mignot, the grant will also enhance advocacy and deepen engagement with stakeholders.
Disclosing the grant during Eurocham’s 25th Annual Stakeholders Conference in Lagos, Mignot described the financial support as a major step in improving EU-Nigeria trade relations.
The EU’s intervention is to reinforce Eurocham’s role in policy dialogue and strategic engagement with local governments, policymakers, and business stakeholders.
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Mignot stressed that the support would create a more conducive business environment, enabling Eurocham to promote trade and investment between Europe and Nigeria.
Mignot reaffirmed the EU’s position as Nigeria’s largest trading partner and a key source of foreign direct investment and development financing.
He also linked the grant to the broader EU Global Gateway Strategy, a four-year initiative aimed at improving infrastructure in Nigeria and other African countries.
According to the Ambassador, Nigeria will feature prominently in the investment package, covering areas such as digital skills, e-governance, and deployment of 90,000 km of fibre-optic cables across the country.
Mignot said that they look forward to greater visibility for transformative projects such as the Omi Eko water transportation initiative, stating Investments in agriculture, renewable energy, local vaccine manufacturing, and sustainable transportation remain key priorities, and they count on Eurocham to play an active role in identifying opportunities and advocating for a conducive business environment.