Ambassador Samuel Isopi, the head of the European Union (EU) and ECOWAS delegation revealed that the commercial relationship between Nigeria and the EU has surpassed 45 billion euros.
This, he stated during his meeting with Senator Abubakar Atiku Bagudu, the Minister of Budget and Economic Planning in Abuja. He quoted, “Trade has been growing over the years and by the latest figure that we have, it’s about forty-five billion euros (€45 billion) with the balance in favour of Nigeria and the balance is growing.”
He further disclosed that the EU together with the federal government is looking at different ways of investing in the country since investment is a major focus in the current presidential administration.
Senator Bagudu, expressed his joy at the cumulated amount in trade and commercial activities between the county and the EU saying, “This is consistent with the drive by our president to boast relationship, to mobilize investors, to seek support from partners, not just a development partner but a partner who can help us improve our processes and ways of engaging with the world”.
The minister added that the federal government is happy to have such a warm and friendly relationship with the EU. This relationship will create opportunities for more collaborations between private and public investors, and advanced cultural and social connections.