Nigeria and EU Strengthen Economic Partnership for Growth

The Nigerian government and the European Union (EU) are committed to deepening their economic partnership to drive investment and growth, as reaffirmed during the 10th Nigeria-EU Business Forum held in Abuja. Ambassador Gautier Mignot noted that the EU accounts for 31% of Nigeria's foreign trade and remains the country's largest source of foreign direct investment, with approximately $26 billion invested, creating 130,000 direct jobs.

The forum marked a significant milestone in strengthening the strategic partnership, with discussions led by Vice President Kashim Shettima and Princess Zahra Mustapha Audu, who emphasized the importance of ongoing economic reforms. Dr. Jumoke Oduwole highlighted the need for the private sector to shape policies that improve Nigeria's competitiveness.

The forum also focused on fiscal discipline and public financial management reforms to attract private capital and deliver critical infrastructure. Overall, the partnership aims to create a conducive investment climate and sustain economic growth.