The European Union has announced a €290 million investment package for Nigeria under its Global Gateway Strategy, aimed at boosting key sectors including digital infrastructure, healthcare, agriculture, and migration management.
The announcement was made during the Nigeria–EU Ministerial Dialogue in Abuja, co-chaired by Nigeria’s Foreign Affairs Minister, Yusuf Tuggar, and EU foreign policy chief, Kaja Kallas.
As part of the package, European Investment Bank and the Bank of Industry signed a €50 million deal to support local healthcare manufacturing, including pharmaceuticals and vaccines, and an €85 million agreement to strengthen agricultural value chains, particularly cocoa and dairy.
The EU also allocated €131 million to expand Nigeria’s digital infrastructure, including plans to roll out about 90,000 kilometres of fibre-optic cables to improve internet access for millions of Nigerians.
Additional funding will support migration management programmes, including reintegration for returnees and efforts to combat human trafficking.
EU officials said the investment is designed to drive economic growth, create jobs, and strengthen Nigeria’s capacity for local production while reducing reliance on imports.
