Nigeria, European Business Leaders Seek Better Business Environment

At the 8th EU-Nigeria Business Forum taking place this week in Lagos, business leaders and government officials from Nigeria and Europe are set to identify new ways to unlock the Nigerian economy.

According to a statement by organisers, the EU-Nigeria Business Forum has served as a strong platform for European and Nigerian businesses to engage with the Nigerian authorities towards improving the business environment.

The event is jointly organised by the EU delegation to Nigeria and ECOWAS, in collaboration with EU member states in Nigeria.

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It stated that this year’s event, themed ‘Nigeria and the New Economy’, would focus on three key sectors, including backward integration policy of the Nigerian government; opportunities to increase gas exports to Europe; and new initiatives in the agricultural sector.

The organisers further noted that during the forum, discussions would aim to identify causes of hindrances to businesses and explore how investment opportunities could be unlocked for the mutual benefit of Nigeria and Europe.

The statement says, “As in previous editions, this year’s EU-Nigeria Business Forum will seek to identify and address the bottlenecks militating against existing investors and deter new ones from investing in Nigeria’s economy.

“In addition to the plenary discussions, there will be world cafe-style exhibitions on both days of the event. The first day will feature a demonstration by several European companies operating in Nigeria on how they have been able to implement the backward integration policy of the Nigerian Government in their various sectors.

“Proceedings on the second day will be mainly focused on the Team Europe projects and EU businesses’ investments in the Nigerian agricultural sector.”