The Head of the European Union (EU) delegation to Nigeria and ECOWAS, Ambassador Samuela Isopi said Nigeria remains a strategic partner to the EU.
Ambassador Isopi, disclosed this during her opening remarks at the reception to mark the occasion of Europe Day 2024, in Abuja.
Isopi said EU cooperation with Nigeria tops global rankings whether in the energy and climate, digital, innovation, health, or entrepreneurship areas.
She also said the EU is targeting critical private and public investment in Nigeria.
Ambassador Isopi also assured Nigeria of EU support in the efforts to ensure democratic rules in the West African region.
“By now, EU cooperation with Nigeria tops global rankings whether in the energy and climate, digital, innovation, health or entrepreneurship areas. This is further amplified by our joint work with EU Member States and EU financial institutions (such as the European Investment Bank) as Team Europe, which combines our strengths across most areas of cooperation.
“In line with the Global Gateway strategy, EU cooperation is now targeting critical public and private investments, thereby providing the necessary instruments to make such investments viable and sustainable. In the health sector, besides continuous support to public actors at the federal and state levels, our support includes the mobilisation of public and private sector investors towards increased local manufacturing of vaccines and other health products. ”
On the political front, the envoy said “While working with the National Assembly and government at the Federal and State levels, we remain a strong advocate and support the need for a vibrant civil society, which provides a unique opportunity to promote change and accountability.
“The EU continues to stand by Nigeria, by its regional partners and by ECOWAS and remains committed to supporting the region in building a community for the people.”
The envoy explained that the EU cooperation with Nigeria tops global rankings whether in the energy and climate, digital, innovation, health or entrepreneurship areas.
According to Isopi, “This is further amplified by our joint work with EU Member States and EU financial institutions (such as the European Investment Bank) as Team Europe, which combines our strengths across most areas of cooperation.”
In line with the Global Gateway strategy, EU cooperation is now targeting critical public and private investments, thereby providing the necessary instruments to make such investments viable and sustainable, Isopi added.
“In the health sector, besides continuous support to public actors at federal and state level, our support includes the mobilisation of public and private sector investors towards increased local manufacturing of vaccines and other health products.
“This year’s Nigeria EU Business Forum on July 2nd in Abuja will bear witness to progress made and raise our ambition for the years to come.
“As we increasingly focus on investments, our support to migration, governance, peace and security will continue unabated. This support reflects the fundamental values and challenges that bind the EU and Nigeria, such as the rule of law, democratic governance and protection of fundamental rights.”
She said the EU would continue to stand by Nigeria and ECOWAS and remains committed to supporting the region in building a community for the people.
Ambassador Isopi commended the founding fathers of the EU, saying their feat was proof that people could work together no matter their differences if they decided to.
“There is no other region in the world where democracy, the rule of law, and respect for human rights are as advanced as they are in the EU or where people can have access to healthcare, education and welfare regardless of their social or financial status,” the ambassador said.
She said the war in Ukraine had helped to realise the importance of moving further ahead in building the EU, adding that an invitation had been extended to Ukraine, Moldova and Georgia to become members of the EU.
Latest statistics have shown that Nigeria and European Union trade volume has grown to €45 billion.
The statistics showed that this was the case as of September 2023, even as the
United Nations COMTRADE database indicated that Nigeria remained the EU’s largest trading partner, accounting for 20.9% of Nigeria’s global trade.
The EU is made up of 28 European countries, though there are 50 countries considered European.
The Deputy Speaker of the Nigerian House of Representatives, Benjamin Kalu in his goodwill message said the value of trade between Nigeria and the EU has increased consistently, demonstrating the potential for even greater collaboration.
Kalu said Nigeria is prepared to provide an encouraging environment for investment, said: “The European Union is one of our most significant trading partners, and our economic ties have grown steadily.
“The value of trade between Nigeria and the EU has increased consistently, demonstrating the potential for even greater collaboration.”
Kalu while quoting the United Nations COMTRADE database added that “as of September 2023, the EU’s bilateral trade with Nigeria has surpassed €45 billion.
“The EU is Nigeria’s largest trading partner, accounting for 20.9% of Nigeria’s
global trade.”
He assured the EU that: “As we look to the future, Nigeria is committed to engendering an environment encouraging investment and trade with our European partners.
Dominica Nwabufo
