The European Union has reaffirmed its dedication to supporting Nigeria’s digital economy with an €820 million investment aimed at fostering innovation, developing digital infrastructure, and creating employment opportunities for young people.
At the Omniverse Summit in Lagos on Friday, the EU Ambassador to Nigeria and ECOWAS, Gautier Mignot, stressed the importance of digitalisation in driving economic growth.
He noted that the EU’s Global Gateway Strategy is focused on empowering Nigeria’s digital ecosystem through regulatory support, skills development, and strategic partnerships.
“The EU is keeping its commitment with the over €800 million digital package announced for Nigeria. We believe that the challenges facing humanity require collective action, and Nigeria, Africa, and Europe’s destinies are closely interlinked,” Mignot stated.
With this investment, the EU aims to strengthen Nigeria’s digital sector by enhancing governance infrastructure, supporting startups, and enabling young entrepreneurs to access new opportunities in the global digital economy.
The summit is organised in collaboration with various partners, including the European Union, GIZ’s Sustainable Economic Development Cluster (SEED) and Digital Transformation Centre Nigeria, the Centre for Black and African Arts and Civilization (CBAAC), the National Information Technology Development Agency (NITDA), and the Federal Ministry for Art, Culture, Tourism and Creative Economy, among others.