EU Unveils €290m Investment Package to Deepen Ties with Nigeria

By Gloria Ikibah

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The European Union has announced a major upgrade in its relationship with Nigeria, unveiling a €290 million investment package aimed at boosting key sectors including digitalisation, healthcare, agriculture and migration management.

The announcement was made on the sidelines of the Eighth Ministerial Dialogue in Abuja, co-chaired by Nigeria’s Minister of Foreign Affairs, Yusuf Maitama Tuggar, and the EU’s High Representative for Foreign Affairs and Security Policy, Kaja Kallas.

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The funding, part of the EU’s Global Gateway strategy, will support seven new projects designed to strengthen economic cooperation and reflect what both parties described as a renewed political commitment to deeper bilateral ties.

Speaking at the event, Ms Kallas said: “In the current
geopolitical context, the European Union is keen to enhance its partnership with Nigeria. Bringing more EU investment to Nigeria, aligning with the Renewed Hope agenda for the Nigerian Federal Government is a key priority for both sides in this regard”.

EU Commissioner for International Partnerships, Jozef Síkela, highlighted the broader impact of the initiative, stating: “Together with Nigeria, we are investing in the modernisation of the digital sector, a stronger health system and in the development of agriculture. These Global Gateway investments create new quality infrastructures, sustainable jobs and long-term economic opportunities that benefit the Nigerian people, but also create new opportunities for Europe”.

A significant portion of the package — €131 million — is earmarked for digital development. The funding will support the expansion of broadband infrastructure, including the rollout of 90,000 kilometres of fibre optic cable, aimed at improving connectivity and reducing internet costs for millions of Nigerians currently without access. It will also fund the development of secure digital public systems and support large-scale training initiatives under Nigeria’s technical talent programme.

In the health sector, €55 million has been allocated to boost local pharmaceutical production. Through a new credit line backed by the European Investment Bank, Nigerian companies will gain access to preferential loans to support the manufacturing of medicines and vaccines. The initiative will also include vocational training programmes to build expertise within the workforce.

Agriculture is set to receive €86 million in additional support, focusing on cocoa and dairy value chains. The funding will facilitate access to finance for businesses and smallholder farmers, while also promoting climate-smart agricultural practices. The move aligns with Nigeria’s ambition to expand milk production and strengthen its cocoa exports to European markets.

Meanwhile, €16 million has been dedicated to migration-related initiatives. The funds will support the reintegration of returning migrants and enhance efforts to combat human trafficking and smuggling networks. The EU says it will continue to assist stranded migrants wishing to return home voluntarily, while also strengthening support systems to help them rebuild their lives.

The latest commitments add to existing EU-backed projects in Nigeria, including investments in transport infrastructure in Lagos, renewable energy development, democratic governance, and efforts to combat gender-based violence.

With these new agreements, total EU and Team Europe commitments to Nigeria since 2025 now stand at €962.5 million, underscoring what officials describe as a rapidly evolving and increasingly strategic partnership.

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