The European Business Chamber (Eurocham) has reiterated its commitment to facilitating the development of European businesses in Nigeria.

This was stated at the weekend during a cocktail dinner marking the conclusion of the European Month and the 75th anniversary of European integration.

The event, held in Lagos, was graced by dignitaries including Lagos State Governor, Babajide Sanwo-Olu, state’s commissioner for Commerce, Cooperatives, Trade, and Investment, Mrs. Folashade Ambrose-Medebem, Secretary to the LASG, Barr. Abimbola Salu-Hundeyin, the EU Ambassador to Nigeria and Economic Community of West African States (ECOWAS), His Excellency, Gautier Mignot and other key stakeholders.

In his remarks, the President of Eurocham, Yann Gibert underscored the Chamber’s role as a vital link between European businesses and Nigeria’s dynamic market.

“We are proud to be a bridge between European businesses and Nigeria’s vibrant market, and we remain committed to strengthening these economic and cultural ties,” he stated.

He emphasised Eurocham’s continued support for European businesses navigating Nigeria’s diverse and complex market, offering guidance in legal, investment, and operational aspects.

Key sectors such as agriculture, digital innovation, youth empowerment, and green energy remain focal points for EuroCham’s collaboration with the European Union.

“Agriculture is a key priority. Digital innovation, environmental sustainability, and youth empowerment are also essential areas of cooperation,” the Eurocham President added.

Mignot, in his address, emphasised the significance of the month-long celebrations marking 75 years of European integration.

“We marked the 75th anniversary of the Schuman Declaration on May 9 with engagements across the country including Abuja, Sokoto, and Kano culminating here in Lagos, the economic and cultural hub of Nigeria,” he said.

He highlighted the substantial economic ties between the EU and Nigeria, noting that the EU accounts for 28 per cent of Nigeria’s foreign trade and nearly one-third of Nigeria’s total foreign direct investment.

“When others talk about a decline of European presence, remember these figures,” he said, reiterating Europe’s leading position as a trade and investment partner.

Looking forward, the Ambassador announced the opening of a European Bank for Reconstruction and Development (EBRD) office in Lagos this September, which will complement the European Investment Bank’s efforts and further boost European engagement in Nigeria’s economic development.

Sanwo-Olu reaffirmed Lagos State’s commitment to creating a conducive environment for business.

“We will continue to make Lagos business-friendly, ensuring security, safeguarding life and property, and providing a welcoming environment for investments,” he assured.

He urged companies not yet established in Lagos to seize the growing opportunities the state offers.