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‘EU’s Investment in Nigeria Surpassed €35 Billion in 2023’

The newly appointed European Union (EU) Ambassador to Nigeria, Gautier Mignot, has revealed that the EU is Nigeria’s largest trading and investment partner, with total trade in goods reaching €35 billion in 2023.

In his first press conference as Ambassador, held yesterday in Lagos, Mignot emphasised that EU foreign direct investment in Nigeria currently stands at €26.4 billion, underlining a firm commitment to supporting the nation’s economic growth.

He also noted that hundreds of EU companies operate in Nigeria, generating jobs and providing crucial training across various sectors. Having taken over from Ambassador Samuela Isopi in September 2024, Mignot shared insights from his 30 years of diplomatic experience, including previous postings in Mexico and Senegal.

He expressed enthusiasm for exploring Nigeria’s rich culture and diverse regions, including Lagos, Benin, and the North-East.

Mignot stressed the importance of collaboration with the media, inviting journalists to engage with the EU mission for accurate updates and information through platforms like LinkedIn and X (formerly Twitter).

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