The European Union has awarded a €300,000 grant to the European Chamber of Commerce (Eurocham) Nigeria, aiming to strengthen its secretariat, boost advocacy efforts, and deepen engagement with key stakeholders over the next three years.
EU Ambassador to Nigeria and ECOWAS, Gautier Mignot, announced the funding at Eurocham’s 25th Annual Stakeholders Conference in Lagos, describing it as a major step toward enhancing EU-Nigeria trade relations. According to him, the grant will reinforce Eurocham’s role in policy dialogue with local governments, policymakers, and businesses, creating a more favorable environment for trade and investment.
“By building on what has been achieved so far, we pave the way for even greater opportunities in key areas like trade, investment, and infrastructure development,” Mignot stated.
The grant aligns with the EU’s broader Global Gateway Strategy, a four-year initiative focused on infrastructure development in Nigeria and other African countries. As part of this strategy, Nigeria will benefit from investments in digital skills, e-governance, and the deployment of 90,000 km of fibre-optic cables across the country.
Mignot also highlighted key EU-backed projects, including the Omi Eko water transportation initiative, investments in agriculture, renewable energy, and local vaccine manufacturing. He emphasized Eurocham’s role in identifying opportunities and advocating for policies that support business growth.
With the EU remaining Nigeria’s largest trading partner and a major source of foreign direct investment, this funding is expected to enhance economic cooperation and drive sustainable development in critical sectors.
