The European Union (EU) has introduced a €300,000 grant aimed at bolstering the institutional development of Eurocham Nigeria, the organization advocating for European businesses operating within the country.
The announcement was made by EU Ambassador to Nigeria and ECOWAS, Gautier Mignot, during Eurocham’s 25th Annual Stakeholders Conference held in Lagos on Thursday.
Ambassador Mignot highlighted that the three-year grant is designed to enhance Eurocham’s advocacy efforts and policy dialogues, ultimately fostering a more conducive business climate through strategic collaborations with government entities, policymakers, and other stakeholders. “A key point in 2024 that I want to emphasize is the approval of this grant, which we awarded to Eurocham last year. This funding will bolster the Chamber’s administrative capabilities and facilitate broader advocacy and external engagement on behalf of its members,” he stated.
The ambassador noted that this initiative is set to stimulate trade and investment opportunities, thereby benefiting both European and Nigerian economies while reinforcing the EU’s role as a critical partner to Nigeria.
In his remarks, Mignot reiterated the EU’s commitment to collaborating closely with Eurocham Nigeria, underscoring the significance of robust governance and coordination among EU states and bilateral chambers. “By leveraging past successes, we can unlock more opportunities in crucial sectors such as trade, investment, and infrastructure development. It is important to remember that the EU is Nigeria’s largest trade partner and a significant contributor to foreign direct investment and development financing,” he remarked.
Additionally, he spoke about the EU Global Gateway Strategy, a four-year initiative focused on enhancing infrastructure across Nigeria and other nations in Africa, emphasizing the need for increased visibility and recognition of these projects.
Ambassador Mignot identified key projects funded under this strategy, including:
- The Omi Eko water transportation initiative
- Digital skills training programs
- The installation of 90,000 km of fiber optic cables
“Investments in areas such as agriculture, renewable energy, vaccine production, and sustainable transportation are vital objectives where we depend on the Chamber,” he added. He also stressed the importance of Eurocham taking an active role in identifying investment opportunities, uniting potential investors, and advocating for a favorable business landscape in Nigeria.
The European Union (EU) has introduced a €300,000 grant aimed at bolstering the institutional development of Eurocham Nigeria, the organization advocating for European businesses operating within the country. The announcement was made by EU Ambassador to Nigeria and ECOWAS, Gautier Mignot, during Eurocham’s 25th Annual Stakeholders Conference held in Lagos on Thursday.
Ambassador Mignot highlighted that the three-year grant is designed to enhance Eurocham’s advocacy efforts and policy dialogues, ultimately fostering a more conducive business climate through strategic collaborations with government entities, policymakers, and other stakeholders. “A key point in 2024 that I want to emphasize is the approval of this grant, which we awarded to Eurocham last year. This funding will bolster the Chamber’s administrative capabilities and facilitate broader advocacy and external engagement on behalf of its members,” he stated.
The ambassador noted that this initiative is set to stimulate trade and investment opportunities, thereby benefiting both European and Nigerian economies while reinforcing the EU’s role as a critical partner to Nigeria.
In his remarks, Mignot reiterated the EU’s commitment to collaborating closely with Eurocham Nigeria, underscoring the significance of robust governance and coordination among EU states and bilateral chambers. “By leveraging past successes, we can unlock more opportunities in crucial sectors such as trade, investment, and infrastructure development. It is important to remember that the EU is Nigeria’s largest trade partner and a significant contributor to foreign direct investment and development financing,” he remarked.
Additionally, he spoke about the EU Global Gateway Strategy, a four-year initiative focused on enhancing infrastructure across Nigeria and other nations in Africa, emphasizing the need for increased visibility and recognition of these projects.
Ambassador Mignot identified key projects funded under this strategy, including:
- The Omi Eko water transportation initiative
- Digital skills training programs
- The installation of 90,000 km of fiber optic cables
“Investments in areas such as agriculture, renewable energy, vaccine production, and sustainable transportation are vital objectives where we depend on the Chamber,” he added. He also stressed the importance of Eurocham taking an active role in identifying investment opportunities, uniting potential investors, and advocating for a favorable business landscape in Nigeria.
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