The European Union (EU), yesterday in Lagos, launched Eurocham Nigeria Institutional Development Support to strengthen Eurocham’s secretariat, expand advocacy, and enhance external engagement for its members.
Eurocham represents the aggregate chambers of commerce for members of the EU and their partners in Nigeria.
The €300,000 three-year grant is part of the EU’s effort to support Eurocham to effectively fulfil its mandate and expand its membership base in Nigeria.
By reinforcing Eurocham’s role in advocacy and policy dialogue, the grant seeks to create a conducive business environment through strategic engagement with local governments, policymakers, and stakeholders.
Furthermore, through the grant, Eurocham will be able to promote trade and investment opportunities, benefitting both European and Nigerian economies, while aligning with the overall objective of reinforcing the EU’s role as Nigeria’s strategic partner.
Speaking at the Eurocham’s 25th Annual Stakeholders Conference in Lagos yesterday, the EU Ambassador to Nigeria and ECOWAS, Gautier Mignot, noted that the launch of the grant is a significant step in deepening EU-Nigeria trade relations.
He stated: “A highlight of 2024 that I would like to underscore is the approval of a three-year grant to the tune of €300,000 which we awarded to Eurocham last year.
“This financial support will allow the Chamber to strengthen its Secretariat’s administrative capacity and allow for further expansion of external activities and advocacy work on behalf of its members”.
Highlighting the readiness of the EU to deepen collaboration with Eurocham Nigeria, Mignot explained that strong governance, effective coordination with EU Member States, and collaboration with bilateral chambers are the hallmarks that he believes will enable Eurocham to continue to succeed.
He said, “By building on what has been achieved so far, we pave the way for even greater opportunities in key areas like trade, investment, and infrastructure development.”