EU invests €3bn, generates 160,000 jobs in Nigeria yearly – Ambassador

Alex Omenye
Alex Omenye

The European Union Council is reaffirming its commitment to a strong collaboration with the Nigerian government by investing over €3 billion yearly and creating 160,000 jobs in Nigeria.

The European Union’s ambassador to Nigeria and the Economic Community of West African States, Samuela Isopi, revealed this during her keynote speech at the annual meeting of EuroCham Nigeria Stakeholders, which took place in Lagos on Wednesday, January 31, 2024.

The conference, with the topic “Sustainable Business Growth,” provided a forum for talking about important economic ties between Nigeria and the European Union.

The enhanced cooperation between the EU and Nigeria, especially under President Bola Ahmed Tinubu’s administration, was highlighted by Ambassador Isopi. She presented the results of a ground-breaking poll carried out in collaboration with her EuroChem.

“The creation of over 160,000 decent jobs, both directly and indirectly. Yearly direct investment of over €3 billion, training and skill development of 18,000 Nigerian staff every year. And, in a testament to Nigeria’s economic potential, four out of 10 European companies established their presence here in the last decade,” the ambassador said.

The ambassador praised European companies’ tenacity and ability to conduct business in Nigeria, highlighting their contribution to the country’s economic development. She reaffirmed the EU’s commitment to supporting sustainable business growth in Nigeria and the strong cooperation with EuroCham.

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