The European Union, (EU), and development finance institutions will provide Nigeria with €1.3 billion, the equivalent of $1.4 billion, in funds aimed at reducing its dependence on oil. The funds for agriculture, climate and digital projects will help Africa’s largest oil producer, “achieve a low carbon, resource-efficient and climate-resilient development, creating jobs for youth and economic growth.” The EU Ambassador to Nigeria and the Economic Community of West African States (ECOWAS), Samuela Isopi, disclosed this at the 8th EU-Nigeria Business conference, which was held in Lagos at the weekend. Nigeria…
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‘Why insecurity is widespread in Nigeria’ – European Union
The European Union, (EU), has attributed the recent surge of insecurity in the country to the staggering economic situation and poverty being experienced across the country. The situation, the European Union stated, was also as a result of the combined effect of the Covid-19 pandemic, inflation and the drop in oil prices. The EU made the submission in its Annual World Human Rights and Democracy Report 2021. In the Nigeria Country Report, the European Union, in its overview of the human rights and democracy situation, said in 2021, Nigeria saw…
Read More2023: EU Election Observation Mission meets with political parties
…Calls for free, credible polls Ahead of the 2023 general elections in the country, the European Union Election Observation Mission, (EU-EOM), at the weekend met with the various political parties under the aegis of the Inter-Party Advisory Council, (IPAC), where it emphasised the need to conduct free, fair and credible elections. The leader of the delegation, a member of the European Parliament and Chief Observer, EU EOM in 2019, Ms. Marie Arena, told the IPAC leadership that the Report of its findings of the 2019 elections has been submitted to…
Read MoreEU reports Nigeria to WTO
The European Union, (EU), has reported Nigeria to the World Trade Organisation, (WTO). The Director-General of the WTO, Dr. Ngozi Okonjo-Iweala, made this disclosure in Abuja yesterday, when she visited the Central Bank of Nigeria (CBN). The complaint was about Nigeria’s policy on dairy products. Okonjo-Iweala said the WTO has received a letter from the EU complaining about Nigeria’s restrictions on milk and dairy products. She said the WTO will look into the complaint, but urged Nigerians to take advantage of the Trade Remedy Initiative in place at the WTO to protect local industries.
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