EU Pledges €290m to Advance Nigeria’s Digital and Agribusiness Sectors
The European Union has announced a €290 million investment package for Nigeria. It will boost digital infrastructure, healthcare manufacturing, agriculture and migration management. The digital sector will receive €131 million to expand connectivity. Plans include deploying 90,000 km of fibre-optic cable and extending internet access to 33 million Nigerians. A €50 million financing deal with the European Investment Bank and the Bank of Industry will drive local production of vaccines, diagnostics and medical devices. An additional €85 million will support cocoa and dairy value chains, empowering smallholder farmers and agribusinesses. The package also earmarks €16 million for migration management, focusing on reintegration of returnees and anti-trafficking measures. These investments align with continental goals for local vaccine production and regional trade under the AfCFTA.
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