EuroCham reaffirms commitment to EU-Nigeria business ties

Stakeholders at EuroCham yearly conference.

European Business Chamber (EuroCham) Nigeria has reiterated its dedication to fostering economic growth and improving business relations between the European Union (EU) and Nigeria.

President, EuroCham, Mr. Yann Gibert made this assertion at EuroCham yearly stakeholder conference with the theme ‘Achieving Growth Post-Reforms’ in Lagos. Speaking in his welcome address, Gibert highlighted EuroCham Nigeria’s commitment to advocating for policies that support businesses, enhance regulatory frameworks, and drive initiatives that bolster economic cooperation.

“EuroCham Nigeria is committed to supporting pro-business policies, advocating for regulatory improvements, and driving initiatives that enhance economic cooperation between Nigeria and the EU,” he stated.

He further emphasized the need for stronger advocacy efforts, revealing that EuroCham will increase the production of targeted policy papers to address the critical needs of its members.

The conference held at Radisson Blu hotel, Victoria Island, Lagos brought together key stakeholders, the EU diplomatic missions in Nigeria, business leaders from the EU private sector in Nigeria and policymakers.

The conference is aimed at providing meaningful dialogue on fostering sustainable growth in a transforming economic landscape. The Minister of Aviation and Aerospace Development, Festus Keyamo in his keynote address titled “Aviation: A Catalyst For Post-Reform Growth In Nigeria” highlighted the aviation sector’s role in driving economic expansion.

The minister who was represented by his special adviser, Ms. Janet Oputa discussed ongoing infrastructure developments and the investment opportunities emerging in Nigeria’s air transport industry.

“Aviation is more than a mode of transport. It is a catalyst for economic development, regional integration, and global competitiveness. By joining forces with our European partners, we can harness innovation and expertise to unlock the full potential of Nigeria’s innovation sector,” Keyamo said.

Director Economist for South Africa and Sub-Saharan Africa at Deutsche Bank, Ms. Danelee Masia in her presentation titled “Nigeria: A Path to Renewed Growth,” provided a macroeconomic overview of Nigeria’s recovery, touching on key fiscal reforms, foreign exchange policy adjustments, and investment trends shaping the country’s future.

Adding to the economic discourse, Director General of the Presidential Enabling Business Environment Council (PEBEC), Princess Zahrah Mustapha Audu shed light on the government’s ongoing ease-of-doing-business reforms, while Founder of Proshare Limited, Mr. Olufemi Modupe Awoyemi discussed financial sector developments and emerging investment opportunities in his remark.

EU Ambassador to Nigeria and Economic Community of West African States (ECOWAS), His Excellency, Gautier Mignot, in his keynote address outlined the ongoing efforts to bolster trade relations and unlock investment potential, positioning Nigeria as a key partner in the region. He also introduced the EU-EuroCham Support Grant, an initiative aimed at strengthening private-sector growth in Nigeria.

The panel session titled ‘Exploring Nigeria’s Post-Reform Opportunities and Challenges’ featured distinguished panelists including; Group CEO Wakanow, Mr. Adebayo Adedeji; MD, SPIE Nigeria, Mr. Guillaume Niarfeix; Managing Partner/Co-founder, Maurice Xandra Solutions, Ms. Linda Uneze; Chairman, NESG, Dr. Olaniyi Yusuf; Managing Director, Commercium Africa, Ms. Thessa Bagu; DG, PEBEC, Princess Zahra Mustapha Audu and Ifeoma Finnih as the moderator.

The discussions centred on the impact of policy shifts, investment incentives, and strategies for ensuring long-term economic stability. Participants at the conference gained valuable insights into promoting responsible business growth and enhancing collaboration between European and Nigerian enterprises.

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