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EU, Nigeria to facilitate trade, investment

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Thursday, 13 July 2017

EU, Nigeria to facilitate trade, investment

The Nigerian government deliberated on Monday with the European Union (EU) delegation on ways to facilitate trade and investment in Nigeria. The agreement was reached at the meeting between the Ambassador and the Head of the EU Delegation to Nigeria and ECOWAS, Michell Arion and Nigerian Foreign Minister Geoffrey Onyeama. Also at the meeting which took place at the Ministry of Foreign Affairs, other officials of the Ministry as well as 20 representatives of the EU Member States. The minister noted that the meeting was after the communiqué signed last year between Nigeria and the EU on security, corruption, prosperity, migration and human development. In welcoming the EU's contributions to Nigeria, the minister stressed that the country's expectations of dialogue would further interest and deepen trade and trade relations between Nigeria and the EU. "The important thing is adding value into the processing and packaging." We are diversifying away from oil, and we are looking to find an important trading partner and we naturally looked to the EU to explore the trade opportunities with our country. "I would like to call on the EU and other partners to consider increasing investment and also in other areas beyond the oil sector such as agriculture and mining," he said. declared. In his reply, the envoy said the EU and Nigeria could work together to benefit mutually from both sides and strengthen peace, security and economic cooperation. He said, "We believe that our prosperity is your prosperity. We see West Africa as a bloc of ECOWAS and Nigeria as an economic base. "" We consider that West Africa is not the export designation for the EU but the investment destination for the EU. We do not have a hidden agenda. Adding: "What we can do to facilitate EU investment in Nigeria is paramount, not only in bilateral relations, but in other areas as well.

Source: The Guardian