Trade between Nigeria and the EU has risen in the last two years accounting for as much as 8.5 trillion Naira in 2013 alone owing to the EU’s support strategy in health, sustainable energy, access to electricity and governance among others.
The Head of EU delegation to ECOWAS, Michel Arrion, said told Channels Television in an interview that the EU would do more business with Nigeria.
To continue the partnership, the EU plans to hold a business forum this month, tagged: Time For Private Sector.
The EU hopes to attract at least 300 businesses from across Europe and Nigeria, to invest in major developmental projects in the country.
“We are looking to do more trades with Nigeria in terms of financing, responding to the internal and domestic demand are very large.
“It is not with little development project programme that we will respond. We need private financing flows, private investments,” Mr Arrion said.
The EU intends to invest at least 200 million dollars into the energy sector to facilitate the defending mechanism that would support the privatisation system.