The European Union has announced a major €290 million investment package for Nigeria under its Global Gateway Strategy, aimed at strengthening digital connectivity, healthcare manufacturing, agricultural value chains, and related areas.
The announcement was made during the 8th EU-Nigeria Ministerial Dialogue in Abuja.
A key component includes the signing of two financing agreements worth €135 million between Nigeria’s Bank of Industry (BoI) and EIB Global:€50 million for healthcare manufacturing to scale up local production of quality pharmaceuticals, vaccines, and diagnostics.
€85 million for agriculture – focusing on cocoa and dairy value chains, plus climate-smart farming.
The broader package also features:€131 million for nationwide digitalisation, including expanded connectivity, secure digital public infrastructure, data systems, and digital skills.
€86 million for further agricultural development.
Additional support covers migration governance, climate action, health and nutrition, and other priority programmes.EU officials described the funding as a strategic push to drive economic growth, create jobs, promote self-reliance, and deepen the EU-Nigeria partnership through the “Team Europe” approach.
Nigerian stakeholders welcomed the deals, saying they will help reduce dependence on imported health products and strengthen local production capacity.Implementation of the seven priority operations is expected to begin immediately.
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