• EU commits $336 million to fund seven priority projects in Nigeria

• Funds target digital infrastructure, healthcare, agriculture, and migration

• Initiative is part of the EU’s broader Global Gateway strategy

The European Union announced a €290 million ($336 million) investment package for Nigeria on March 23, as part of its “Team Europe” initiative, during the 8th EU–Nigeria ministerial dialogue held in Abuja.

The program, aligned with the EU’s Global Gateway strategy, will finance seven projects across key sectors identified as priorities.

Targeted Sector Allocation

Of the total, €131 million will go toward digital development, including efforts to improve connectivity and strengthen skills. The health sector will receive €55 million to support local production of medicines and vaccines.

An additional €86 million will be directed toward agricultural value chains, particularly in cocoa and dairy, while €16 million will fund migration-related initiatives, including migrant reintegration and efforts to combat human trafficking.

European Commissioner for International Partnerships Jozef Síkela said the investments aim to create quality infrastructure, sustainable jobs, and long-term economic opportunities in Nigeria, while also opening new prospects for Europe.

As Africa’s largest economy and most populous country, Nigeria is a key partner for the EU. For Abuja, the partnership supports efforts to diversify the economy beyond oil and boost youth employment.

A Strategic Trade Relationship

The EU remains Nigeria’s leading multilateral trade partner. Nigeria recorded a trade surplus of €9.6 billion in 2024, up from €5.2 billion the previous year.

With this new package, total funding mobilized under the Team Europe initiative in Nigeria has reached about €962.5 million since 2025, covering projects in transport, renewable energy, democratic governance, and the fight against gender-based violence.

Charlène N’dimon