The European Union (EU) has launched a €300,000 grant to assist the institutional growth of Eurocham Nigeria, specializing in strengthening its secretariat, increasing advocacy, and enhancing exterior engagement for its members.
Eurocham Nigeria also called the European Chamber of Commerce in Nigeria, is a company that represents European companies working in Nigeria
EU Ambassador to Nigeria and ECOWAS, Gautier Mignot, made this announcement on Thursday throughout Eurocham’s twenty fifth Annual Stakeholders Convention held in Lagos.
Mignot emphasised that the three-year grant would reinforce Eurocham’s position in advocacy and coverage dialogue, making a conducive enterprise surroundings by strategic engagement with governments, policymakers, and stakeholders.
“A spotlight of 2024 I want to underscore is the approval of a three-year €300,000 grant, awarded to Eurocham final 12 months. This {financial} assist will strengthen the Chamber’s administrative capability and permit additional growth of exterior actions and advocacy work on behalf of its members,” he mentioned.
He additional famous that this initiative would assist promote commerce and funding alternatives, benefiting each the European and Nigerian economies whereas reinforcing the EU’s place as Nigeria’s strategic associate.
Mignot reiterated the EU’s dedication to working intently with Eurocham Nigeria, highlighting the significance of robust governance and coordination with EU states and bilateral chambers.
“By constructing on previous achievements, we create higher alternatives in key areas resembling commerce, funding, and infrastructure growth. It bears repeating that the EU stays Nigeria’s largest buying and selling associate and a significant supply of international direct funding and growth financing,” he said.
Talking on the EU World Gateway Technique, which is a four-year initiative centered on enhancing infrastructure in Nigeria and different African nations, the EU is devoted to making sure that its initiatives obtain extra recognition and visibility
The EU Ambassador, Gautier Mignot, highlighted a few of the main initiatives funded beneath this initiative, together with:
“Investments in agriculture, renewable vitality, vaccine manufacturing, and sustainable transportation are key aims the place we depend on the Chamber,” he mentioned.
Mignot additional famous the necessity for Eurocham to play an energetic position in figuring out alternatives, aggregating buyers, and advocating for a conducive enterprise surroundings.
