The European Union Council allocates over €3 billion in investment annually into the Nigerian economy and provides 160,000 jobs- reinforcing its commitment to a robust partnership with the Nigerian government.
This was disclosed by Samuela Isopi, the Ambassador of the European Union to Nigeria and the Economic Community of West African States (ECOWAS), during her keynote address at the EuroCham Nigeria Stakeholders annual conference held in Lagos on Wednesday, January 31, 2024. The conference, themed “Sustainable Business Growth,” served as a platform for discussing pivotal economic engagements between the EU and Nigeria.
Ambassador Isopi accentuated the deepened collaboration between the EU and Nigeria, particularly under the administration of President Bola Ahmed Tinubu. In her speech, she outlined the outcomes of a groundbreaking survey conducted in partnership with EuroCham.
Isopi provided insightful figures, stating,
These statistics emphasized the substantial role played by European enterprises in shaping Nigeria’s economic emergence.
The Ambassador lauded the resilience and capacity of European businesses to operate in Nigeria, emphasizing their role in showcasing economic potential. She affirmed the close collaboration with EuroCham, affirming the EU’s commitment to fostering sustainable business growth in Nigeria.
Isopi further discussed key developments in Nigeria, focusing on the proactive measures taken by President Tinubu to revitalize the country’s economy and create a more investor-friendly environment.
The European Union lauded these initiatives and, since the inception of the new administration, has engaged in an unprecedented series of senior official visits, culminating in October 2023.
