The European Union has announced a €288 million support package for Nigeria, targeting critical sectors including healthcare, agriculture, finance, migration, climate, and digital infrastructure.
The funding was unveiled during an EU-Nigeria Ministerial briefing in Abuja, highlighting a renewed commitment to strengthening bilateral cooperation.
According to officials, the financial support is part of the EU’s Global Gateway Strategy, designed to accelerate investment and sustainable development.
The Director-General for International Partnerships at the European Commission, Stefano Signore, said the initiative aims to improve infrastructure, boost local manufacturing, and promote inclusion.
He noted that healthcare and agriculture remain priority areas due to their impact on economic growth and public welfare.
Nigeria’s Minister of Budget and Economic Planning, Abubakar Bagudu, described the development as a significant step in deepening EU-Nigeria relations.
Represented by Doris Uzoka-Anite, he said the partnership reflects a shared vision for sustainable investment and economic transformation.
He added that the Nigerian government is implementing reforms to stabilise the economy and attract private-sector investment under the leadership of Bola Tinubu.
The funding will be distributed across multiple sectors:
- €23 million for digital public infrastructure
- €108 million in grants and loans to the Nigerian government
- €50 million to support healthcare manufacturing projects
- €85 million for agribusiness financing, especially dairy and cocoa value chains
- €5 million for training in health, pharmaceutical, and nutrition sectors
- €16 million to strengthen migration governance and reintegration programmes
- €1 million for climate and agriculture collaboration projects
Officials say the investment will enhance productivity, create jobs, and improve service delivery across key industries.
Part of the funding will support sustainable migration policies, including reintegration programmes for returning migrants.
The EU noted that the initiative will also address human trafficking and migrant smuggling, while creating better economic opportunities within Nigeria.
The latest funding builds on the 2023 EU-Nigeria Strategic Dialogue, marking a shift toward a more investment-driven and impact-focused partnership.
Both parties emphasised their commitment to long-term cooperation aimed at fostering economic resilience and inclusive growth.
