EU, Nigeria trade volume hits €28.7bn

Ms Samuela Isopi, the Ambassador to the EU Delegation to Nigeria and ECOWAS, has put the trade volume between the bloc and Nigeria in 2021, at 28.7 billion euros.

The envoy said this at the Europe Day celebration, which was held at the EU Residence in Abuja.

The Europe Day is a day set aside for celebrating peace and unity among the European countries that form the EU since 1950.

The theme of the 2022 Europe Day celebration is; ‘ Peace , Cooperation and Unity. The celebration holds every May 9 after Robert Schuman Declaration which launched the European projects.

Isopi said that the EU as a bloc remained Nigeria’s biggest trading partners accounting for more than 20 per cent of Nigerian trade with the world.

According to her, the bloc is Nigeria’s first partner in foreign direct investment, with EU companies contributing, together with their Nigerian business partner, to the country’s economic growth, job creation and wealth generation.

She said the bloc was looking further in strengthening these relations and to help create the necessary condition for the private sector to operate and contribute to developing the country.

She also pledged EU’s determination to continue working with Nigeria to enhance security, development and its vision for the future.

She quoted the President of the European Commission, Ursula Von der Leyen, as saying” The Russian invasion of Ukraine reminds us why we are celebrating Europe Day, to mark when a peaceful, prosperous Europe was born.