The European Union (EU) has introduced a €300,000 grant to support the institutional development of Eurocham Nigeria. The three-year funding is intended to strengthen its secretariat, enhance advocacy efforts, and improve external engagement for its members.
EU Ambassador to Nigeria and ECOWAS, Gautier Mignot, announced the initiative on Thursday at Eurocham’s 25th Annual Stakeholders Conference in Lagos. He stated that the grant is part of the EU’s ongoing commitment to helping Eurocham fulfil its mandate and expand its membership in Nigeria.
By reinforcing Eurocham’s advocacy and policy dialogue, the grant aims to foster a more conducive business environment through strategic engagement with governments, policymakers, and stakeholders.
According to Mignot, the funding will enable Eurocham to promote trade and investment opportunities, benefiting both European and Nigerian economies while strengthening the EU’s position as Nigeria’s strategic partner.
“This financial support will enhance the Chamber’s administrative capacity and enable it to expand its advocacy efforts and external activities on behalf of its members,” Mignot said.
He emphasised that the initiative represents a significant step in strengthening EU-Nigeria trade relations.
Mignot reiterated the EU’s commitment to deeper collaboration with Eurocham Nigeria, highlighting the importance of strong governance, coordination with EU member states, and bilateral chambers.
“By building on past successes, we unlock greater opportunities in trade, investment, and infrastructure development,” he noted. “The EU remains Nigeria’s largest trading partner and a key source of foreign direct investment and development financing.”
Speaking on the EU Global Gateway Strategy, a four-year grant initiative supporting infrastructure development in Nigeria and other African nations, Mignot highlighted the EU’s commitment to enhancing project visibility.
He cited key projects such as the Omi Eko water transportation initiative and the expansion of digital infrastructure, including e-governance and the deployment of 90,000 km of fibre optic cables across Nigeria in collaboration with the government.
Investment priorities also include agriculture, renewable energy, vaccine manufacturing, and sustainable transportation. Mignot stressed that Eurocham plays a crucial role in identifying opportunities, attracting investors, and advocating for a business-friendly environment.
Credit: NAN (Text Excluding Headline)
