Connect with us

News

EU Ambassador Highlights Nigeria’s Untapped Potential for Trade, Investment

Published

on

 

 

By Gloria Ikibah

 

Advertisement

The newly appointed European Union (EU) Ambassador to Nigeria and ECOWAS, Ambassador Gautier Mignot, has reiterated the EU’s commitment to supporting Nigeria in solidifying its position as a stabilizing force in Africa.

 

Ambassador Mignot expressed optimism about Nigeria’s journey towards becoming a peaceful, prosperous, and sustainable nation built on a strong democratic foundation that upholds the rights of all its citizens.

 

Advertisement

The envoy stated this at a media luncheon with journalists in Abuja, acknowledging the vibrant role of the European Chamber of Commerce (Eurocham) under the leadership of its Chairman, Yann Jigler.

He outlined plans to explore untapped opportunities for enhanced trade and investment, while launching new initiatives and projects aimed at strengthening the partnership between Nigeria and the EU.

 

However, the Ambassador noted the absence of a formal agreement or structured dialogue framework between Nigeria and the EU on trade and economic issues.

Advertisement

 

He expressed the willingness of the EU to address this gap by fostering better economic relations and dialogue to remove barriers that hinder increased European investment and trade in Nigeria.

 

Ambassador Mignot further reiterated that EU relationship with Nigeria is anchored on shared values such as human rights, democracy, the rule of law, multilateralism, and adherence to international law. He underscored the importance of aligning mutual interests to ensure a stronger and more dynamic partnership.

Advertisement
“The EU interests to see Nigeria consolidate its role as an anchor of stability in Africa and progress on its path towards a peaceful, prosperous and sustainable future, resting on a robust democracy and allowing all citizens to enjoy their fundamental rights.
“This strong partnership in particular applies to the trade and investment relationship. Nigeria’s first trade and investment partner, more or less one third of external trade for a direct investment in Nigeria is with the EU. And we have a vibrant European Chamber of Commerce, Eurocham, and the chairman of Eurocham is with us also today, Yann Jigler, and I will give him the floor just after my presentation to tell you a few words about the Eurocham annual stakeholders conference which will take place next Thursday in Lagos.
“And we want to help Nigerians in this endeavour, of course with the full respect for Nigeria’s sovereignty and also with the doses of humility, because especially in such a large country we cannot pretend that all cooperation is the main driver of change.
“And of course here the role is a very important role, the press has a very important role to play as a clinging house, let’s say, to explain to people and make the difference between the truth and the fake news.
“And as I told His Excellency the President during the credential ceremony, in uncertain times, in a fast evolving world as today, you need a constant and faithful partner on whom you know you can count.
“And the EU is and wants to be this for Nigeria and we feel that the reciprocity is true and we see Nigeria as a key partner and a major player in Africa and in the world and the next few years.
“And our new leaders are very much interested in Nigeria and we hope to have high-level visits and meetings soon to announce, to impulse our relationship at a higher level.
The Envoy stated that the EU mission was to strengthen the already existing partnership and give visibility to achievements in Nigeria.
According to him, EU-Nigeria partnership in Nigeria suffers from a lack of visibility still and there is need to combat it, not only in Nigeria but in other parts of West Africa and in the world.
He mentioned that the EU would also combat disinformation and misconceptions which are sometimes fostered by people and foreign interests, or simply in many cases misconceptions from people of good faith that seem to be ill-informed or influenced by fake news or disinformation.
“And so my mission, or rather our mission, because it is a teamwork in fact, is to propose and implement decisions made by our leaders to strengthen our partnership. And in fact it has two aspects.
“The first aspect of our mission is to give visibility, more visibility, to what we are already achieving in Nigeria and with Nigeria.
“And the second part is to impose new initiatives and projects to exploit the untapped potential of this partnership. So we are in fact already doing a othe stressed.
“Through the global gateway strategy I have just mentioned and investment agenda, we want to focus more on creating jobs and opportunities, especially for young people in Nigeria, building on Nigerians’ great sense of entrepreneurship and in sectors like green economy, digital, agri-food and health. And this is actually already an ongoing work. And we want to pay special attention to the north of the country where there are specific needs but also a great sense of entrepreneurship again.
“And we could witness this a few days ago during a recent trip to the northeast and we have a package of ongoing and new projects there. Now we could also sign science, technology and investment and innovation agreements to foster projects and opportunities in higher education and research. We want also to further strengthen our engagement in peace and security, responding better to Nigeria’s needs and expectations” he said.
Responding to questions on migration, Ambassador Mignot assured that EU will develop a migration partnership with Nigeria covering all aspects, the fight against smuggling and trafficking of human beings, legal pathways to respond to both parties’ interests, work with diasporas and also the issue of readmission and reintegration of migrants not admitted to remain in the EU or stranded in their way to Europe.
“And we hope very much to finalize the negotiation of a readmission agreement which could pave the way to a broader partnership. On regional issues and global issues we want also to achieve a closer consultation with Nigeria.
“The European Union is already the main supporter of ECOWAS and of course we have a vested interest in supporting the whole region in the same way as we want to support Nigeria. Development and prosperity and stability of West Africa is also key for us. And finally on all issues we want to partner more closely with Nigerian authorities at federal and local and state levels” he ended.
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Time for excuses over, says Wike

Published

on

The Minister of the Federal Capital Territory, Nyesom Wike, has assured Nigerians that the President Bola Tinubu administration will deliver greater development strides in 2025, declaring that the era of excuses for non-performance is over.

Wike stated this on Monday night after receiving the ThisDay Award as the Minister of the Year.

“I want to assure all those who do their businesses in Nigeria that this year, 2025, we will see more developments and more infrastructure, that is what is basic for us. We have no time for excuses; the time for excuses has gone,” he said.

Wike thanked the president for allowing him to contribute to the development of Nigeria.

Advertisement

The awards saw Zenith Bank Plc emerge as a winner in the Bank of the Year category, while Access Bank won the Global Bank of the Year.

Other recipients of awards included Dangote Petroleum Refinery and Petrochemicals, which emerged as Company of the Year, while MTN, was Brand of the Year.

Shell Nigeria Plc was awarded Investor of the Year; Managing Director and Chief Executive Officer of Providus Bank, Mr Walter Akpani, won the Banker of the Year, while Senator Adams Oshiomhole and Natasha Akpoti Uduaghan both won Senators of the Year.

The Publisher of The Guardian Newspaper, Lady Maiden Ibru, and the Chairman of Fidelity Bank PLC, Mustapha Chike-Obi, both received the Lifetime Achievers Award.

Advertisement

Four governors were jointly awarded Governor of the Year: Uba Sani (Kaduna), Babajide Sanwo-Olu (Lagos), Sheriff Oborevwori (Delta), and Umo Eno (Akwa Ibom).

Speaking after receiving the award, Governor Oborevwori stated that the recognition would inspire him to increase his efforts toward improving the lives of Deltans.

He remarked that, as the year 2025 unfolds, his administration will be unwavering in the desire to redouble efforts towards building a more peaceful state and a resilient economy.

“As a man with street credibility, we are in touch with the grassroots and, as we are building infrastructure, we are also building our people because you may have the infrastructure and the people are hungry.

Advertisement

“So, we are building the capacity of the people and we are also building infrastructure and investing in agriculture and other sectors of the economy,” Oborevwori said.

Continue Reading

News

PDP knocks Aiyedatiwa as lawmakers get N200m for phone calls

Published

on

The Peoples Democratic Party in Ondo State has criticised Governor Lucky Aiyedatiwa over the recently signed 2025 state budget, labelling it a “budget of looting” due to what it described as wasteful and dubious allocations.

Governor Aiyedatiwa signed the N698.6bn budget into law a week after its passage by the state House of Assembly.

The budget allocates N265.04bn for recurrent expenditure and N433.62bn for capital projects.

However, the PDP has questioned the transparency of the spending plan, singling out allocations it considers frivolous.

Advertisement

These include N200m for lawmakers and N280m for the Speaker of the Ondo State House of Assembly for “phone expenses.”

In a statement issued on Tuesday by its Publicity Secretary, Kennedy Peretei, the opposition party described the allocations as outrageous and unnecessary.

“The Ondo State 2025 Appropriation Act, signed by Governor Lucky Aiyedatiwa, is aptly a ‘Budget of Looting.’ Yet, the Governor branded it a ‘Budget of Recovery,’” Peretei said.

The PDP also queried the allocation of N11.5bn to the Ministry of Finance under the subhead of “security vote,” stating that such an amount is unjustifiable and raises serious concerns about accountability.

Advertisement

“Not even budget experts can explain the rationale for a Ministry receiving a ‘security vote,’ which is distinct from what the Governor himself collects monthly under the same subhead,” the statement added.

Critical sectors such as education and healthcare, the party noted, were allocated N77.02 billion and N46.02 billion respectively, amounts it deemed inadequate for meaningful development.

The PDP further called on the Economic and Financial Crimes Commission to investigate what it termed the “brazen looting” embedded in the budget.

But the Ondo State chapter of the All Progressives Congress dismissed the PDP’s allegations as baseless and a misrepresentation of facts.

Advertisement

In a statement by its Director of Media and Publicity, Steve Otaloro, the APC argued that the budget was designed to foster economic growth and development in the state.

“The allocations are in line with the state’s development priorities. The PDP’s claims are nothing more than an attempt to discredit the administration out of bitterness for losing the last governorship election,” Otaloro said.

The controversy highlights a deepening rift between the ruling APC and the opposition PDP over the state’s fiscal policies, with questions raised about the prioritisation of funds amid widespread economic challenges.

Advertisement
Continue Reading

News

Police arraign Sowore today for calling Egbetokun ‘illegal IG’

Published

on

The Inspector General of Police, Kayode Egbetokun, has initiated legal action against activist Omoyele Sowore over comments he made on social media, referring to Egbetokun as an “illegal IG.”

Sowore is facing three charges related to Cybercrime under the Cybercrime (Prohibition, Prevention, ETC) Act, 2015, as amended in 2024.

According to the charges, filed in a suit marked FCH/ABJ/23/25, Egbetokun accused Sowore of intentionally and knowingly sending messages through his verified Twitter account, where he referred to the IG as “illegal IGP Kayode Egbetokun.”

The police allege that these publications were false and aimed at causing a breakdown of law and order.

Advertisement

Count one of the charge sheet reads, “That you, Omoyele Sowore, on December 13, 2024, did intentionally send messages through your verified X handle account, ‘Omoyele Sowore,’ calling the Inspector General of Police ‘illegal IGP Kayode Egbetokun,’ knowing it to be false and intending to cause a breakdown of law and order.”

In count two, Sowore is accused of making threats intended to incite Nigerians against the Nigeria Police Force and damage the reputation or property of the IG or the force.

Count three involves a statement Sowore allegedly made on December 20, 2024, which said: “The illegal IG of Nigeria Police Force, Kayode Egbetokun, will make the next #ENDSARS inevitable! He is working tirelessly towards it. Just a matter of time. #EgbetekunMustGo #Revolution.”

The police alleged that Sowore’s messages were aimed at causing unrest and undermining the authority of the police.

Advertisement

Sowore is set to appear before Justice Liman of the Federal High Court in Abuja today (Wednesday).

His legal team, led by Marshall Abubakar, confirmed that the charges will be heard in court.

Deji Adeyanju, a political activist, stated that the charges represent an abuse of the legal process, promising a strong response in court.

Sowore was arrested on Monday after refusing to accept bail conditions set by the police following allegations of obstructing public officers and cyberstalking.

Advertisement

The charges have been brought in the context of ongoing tension between Sowore and the Nigerian authorities, particularly after a viral video he posted in December that alleged police extortion at a checkpoint in Lagos.

Sowore’s refusal to meet bail conditions, which included providing a Level 17 civil servant as a guarantor and surrendering his passport, led to his detention at the IRT detention facility in Abuja.

Continue Reading

Trending

Copyright © 2024 Naija Blitz News