THE SUN
Gautier Mignot, Head of the European Union (EU) Delegation to Nigeria and the Economic Community of West African States (ECOWAS), has said the EU is Nigeria’s largest trading and investment partner.
In his maiden press briefing in Abuja, Mignot disclosed that the EU was Nigeria’s top trading partner in 2023, with 28 percent of its total trade.
The EU envoy further said the total trade in goods amounted to €35 billion in 2023, with an average annual growth rate of 1.5 percent for EU imports and 0.9 percent for EU exports from 2019-2023.
According to Mignot, “Nigeria benefits from a €10.7 billion trade surplus with the EU.
“When it comes to investment, a key priority of President Tinubu’s Renewed Hope Agenda, Nigeria also has its strongest partner in the EU, as our foreign direct investment stock accounts for about one-third of Nigerian FDI, totalling €26.4 billion (2022)…
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