EU, Eurocham Nigeria sign €300,000 grant agreement to boost growth

Abuja, 2 July 2024- The European Union and Eurocham Nigeria (The European Business Chamber) signed today a €300,000 grant agreement to support further development of the Chamber. This significant financial contribution underscores the EU's commitment to fostering strong economic and commercial ties with Nigeria.

The Deputy Director General, Directorate of International Partnerships (INTPA), European Commission, MsMyriam Ferran, and Eurocham's Vice-President, Mr. Frederik Klinke, signed the grant agreement on behalf of the two parties during the 9^th EU - Nigerian Business Forum, held in Abuja on July 2, 2024. The grant aims to enhance Eurocham's capacity to serve its members better, promote European business interests in Nigeria, and contribute to the overall mutual economic growth and development.

MsMyriam Ferran underlined the importance of the partnership, emphasising the EU's commitment to supporting initiatives that drive economic growth and strengthen the ties between EU and Nigeria in line with the Global Gateway Strategy. "This grant to Eurocham Nigeria is a testimony to the EU's dedication to fostering a vibrant business environment and facilitating meaningful economic exchanges in Nigeria," she said.

Mr. Yomi Onifade(CEO of Allianz Nigeria) and Mr. Frederik Klinke (CEO of APM Terminals), Vice Presidents of Eurocham Nigeria, who were both present at the signing of the grant agreement, expressed gratitude for the continued support from the EU Delegation. They stated that the grant marked a pivotal moment in the history of Eurocham Nigeria, and will enable the Chamber to expand its activities, provide more robust support to its members, and play a more active role in the economic development of Nigeria. "We are grateful to the EU Delegation for their unwavering commitment and belief in our mission," they said.

EU Del

The funds will be allocated to various developmental projects, including capacity-building programs, member services enhancement, and initiatives aimed at improving the business climate in Nigeria. Eurocham Nigeria will also use the grant to organize events, workshops, and training sessions that will benefit its members and the broader Nigerian business landscape.

Eurocham Nigeria and the EU Delegation are confident that this collaboration will yield significant benefits, fostering a mutually advantageous relationship and contributing to the economic prosperity of both regions.

About the EU

The European Union is a unique community of 27 European countries and over 400 million people who have decided to shape their future together. The European Union is a unique peace project and model for overcoming conflict and promoting reconciliation and shared prosperity. The ambition of the European Union is to share its achievements and its values with countries and people beyond its borders.

Learn more: https://www.eeas.europa.eu/delegations/nigeria_en?s=114

About Eurocham Nigeria

Eurocham Nigeria is the European Business Organisation in Nigeria, dedicated to promoting European business interests and fostering economic cooperation between European Union and Nigeria. The Chamber provides a platform for networking, advocacy, and business support services to its members, facilitating a conducive business environment in Nigeria.