Nigeria, other African countries to get £150bn EU investment
Nigeria and other African countries will benefit from a £150 billion investment package from the European Union (EU) by 2027.
The EU launched its global gateway initiative in Abuja on Thursday to boost infrastructure, development, and economic ties with its partner countries.
Jutta Urpilainen, EU commissioner for international partnerships, said the initiative aims to improve connectivity in transport, energy, and digital networks; support agriculture, health, and education; protect the environment; and foster cooperation and partnerships.
She said the global gateway strategy is a positive offer to build resilient connections in a fragmented world and to jointly address the challenges of our times.
“We intend to mobilise £300 billion in investments by the year 2027, and half of them for Africa; it is £150 billion by the year 2027; Nigeria features prominently in the Global Gateway investment package,” she said.
She also mentioned some of the current global crises, such as the war in Ukraine, the coup in Niger, and the conflict in Israel-Palestine, as reminders of the need for more collaboration and solidarity.
