EU Parliament endorses Nigeria’s economic reforms, commits to sustainable development support
Abdullateef Fowewe
A high-level delegation from the European Parliamentary Committee on Foreign Affairs visited Nigeria’s Ministry of Budget and Economic Planning in Abuja, underscoring strengthened ties between Nigeria and the European Union.
David McAllister, head of the delegation, declared, “We are here to underline one clear message, Nigeria matters. The European Union is one of Nigeria’s largest trade and investment partners, and our goal is to elevate this relationship to the next level.”
The EU delegation, accompanied by Ambassador Gautier Mignot, reinforced the EU’s commitment “to supporting Nigeria’s development agenda,” recognising Nigeria’s pivotal role in West Africa’s growth.
Abubakar Atiku Bagudu, Minister of Budget and Economic Planning, expressed appreciation for the visit, noting that “this visit comes at a time when multilateralism is being challenged around the world. It is therefore reassuring that the European Union continues to stand as a beacon of partnership and shared values.”
He outlined ongoing economic reforms under President Bola Tinubu, highlighting the ambitious goal, “Our President has set a clear target for Nigeria to achieve a one trillion-dollar GDP by 2030. To realize this, about 86 percent of the required investment will come from the private sector.”
Bagudu emphasised Nigeria’s stance, “We do not seek aid; we seek collaboration. Our goal is to create opportunities that benefit Nigerians and our partners alike.”
He also underscored Nigeria’s commitment to rule-based governance, lawful migration, climate-smart investments, and inclusive economic diversification, with the EU described as “a critical partner” in these efforts.
