The decision was announced after an emergency virtual summit of West African leaders. Military officers had taken control, suspended the elections, and detained President Umaro Embaló along with key officials.

The coup happened as the country awaited official election results and weeks after the government claimed it foiled an earlier coup attempt. Observation teams from the AU, ECOWAS, and the West African Elders Forum condemned the takeover.

Read Also: ECOWAS and AU Observers Condemn Guinea-Bissau Coup, Demand Release of Officials

In its statement, ECOWAS demanded the immediate release of the president and other detained officials and said Guinea-Bissau would remain suspended until constitutional order is restored.

The bloc also set up a mediation team led by the presidents of Togo, Cabo Verde, and Senegal to engage the coup leaders. ECOWAS urged the country’s armed forces to return to their constitutional duties.

Source: TheCable

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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.

Read Also: Britain, EU face off in court over post-Brexit fishing rights

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.

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