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The European Union (EU) has allocated €283.73 million for development projects in northern Nigeria.
It said it is reinforcing its commitment to economic growth, education, security and humanitarian efforts in the region.
This announcement was made by the newly appointed EU Ambassador to Nigeria, Gautier Mignot, in Kano, during a press briefing.
The envoy also flagged off the Study in Europe fair, underscoring the EU’s continued partnership with Nigeria.
According to Mignot, “The EU is Nigeria’s largest trading partner, accounting for 28 per cent of the country’s total trade, with bilateral trade reaching €35 billion in 2023.
“The EU also remains Nigeria’s biggest investor, holding one-third of its foreign direct investment (FDI) valued at €26.4 billion.”
The envoy explained EU’s commitment to deepening economic cooperation, addressing trade barriers and creating employment opportunities, particularly for the Nigerian youth.
He assured that the Global Gateway Initiative remained a key component of the partnership with priority areas, including renewable energy, digital transformation, agri-food systems and health care.
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