Investment Climate Reforms - EU gives FG N4.2b

In proposition to enhance trade and precede productive capacity in the country, the European Union has initiated the Nigeria Competitiveness Support Programme. It will facilitate the provision of N4.2b to increase competitiveness support programme in the non-oil related sectors of the Nigerian economy by the European Union.

The programme is supported by the German Society for International Corporation, United Nations Industrial Development Organisation and the World Bank.

Speaking at the event, the EU Ambassador, Mr. Michel Arrion, called on all stakeholders to take full possession of the programme. He said the programme is distinctive as it will maintain government’s endeavor to expand and advance Nigeria’s competitiveness in the non-oil sector.

He also said the EU attaches a great essence to its relations with Nigeria as a major political and economic force in West Africa and a foremost player on the African continent, and is willing to support Nigerian leaders in improving the living conditions of all Nigerians.