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The EU Ambassador to Nigeria and the Economic Community of West African States, Samuela Isopi, emphasized that the EU remains Nigeria’s largest foreign investor, with a stock valued at €26bn, which accounts for one-third of Nigeria’s Foreign Direct Investment stock.
Isopi also highlighted that the EU is Nigeria’s leading trading partner, with a total trade of nearly €35bn in 2023, representing about one-third of Nigeria’s foreign trade.
She pointed out that the EU has a trade balance in favor of Nigeria, amounting to over €10bn euros.
These remarks were made during the ninth edition of the Nigeria-EU Business Forum in Abuja, with the theme “Investing in jobs and sustainable future.”
Isopi stressed the significance of international partnerships in promoting sustainable economic development and highlighted the EU’s role as a top development partner and first grant donor, covering critical sectors for economic growth in Nigeria.
