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Monday, 22 October 2012

Nigeria remains EU’s key partner in Africa

Ambassador David MacRae, Head of EU Delegation to Nigeria and ECOWAS, recently described the direction of existing and future frameworks of partnerships with Nigeria and ECOWAS. MacRae and his team explained and defended the strategies behind the EU’s business, trade and investments in Nigeria and ECOWAS sub-region as well as details of mutual developmental engagements and partnerships dating back to 1976.
The EU’s support in Nigeria has focused on three strategic areas: peace and security, governance and human rights, trade and regional integration, with €677 million earmarked for the period of 2009 to 2013 and financed through the European Development Fund. This represents the largest allocation granted to an ACP country by the EU and makes the EU the biggest donor to Nigeria.
The EU is committed to the negotiations of an Economic Partnership Agreement (EPA) with the West Africa Region, and Nigeria within ECOWAS, and considers the EPA a development tool to reinforce regional integration process, to foster growth and development.
On the future of EU’s multilateral engagements in Nigeria, the EU delegation revealed that the union seeks to blend grants with loans, especially from development banks, improve its institutional engagements with its stakeholders in Nigeria and ECOWAS as well as impact the people under its Energy For All programme.

Source: The Guardian Nigeria