European Business Chamber says Nigeria remains one of its key investment destinations

NIGERIA remains a major market of interest to European investors according to a visiting European Business Chamber Nigeria (EuroCham) delegation who said the nation is one of their key priority economies.

Over the weekend, the team visited Lagos, where they indicated that European Union (EU) trade and investment in Nigeria are very much top priorities for them. Samuela Isopi, the EU ambassador in Nigeria, said the meeting gave them the opportunity to underline the fact that trade and investment are very much on top of EU priorities and they are also key priorities in the partnership between the European Union and Nigeria.

EuroCham is a business group uniting the main European investors and corporate organisations in Nigeria. According to Ms Isopi,  the EU would continue its dialogue with the Nigerian government on how to reinforce the economic partnership between the two entities.

Ms Isopi said: “The European Union as a bloc is already Nigeria’s largest trading partner and is a very important investor in Nigeria. We have European companies that have been here for a long time, that contribute to creating jobs and to the economic development of the country.

“Because development is about the private sector, about developing the economy and when I say private sector it’s not only to attract or help European Union companies but also create good conditions for the Nigerian private sector to be able to contribute to the development of the country.

“Challenges are faced by both European and Nigerian companies and the companies of any other country. So this is part of our dialogue, to see how together we can help improve the business environment and how together we can actually deal with these challenges.”