EU President, Donald Tusk

By Victor Ernest with agency report

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The European Union (EU) Ambassador to Nigeria and ECOWAS, Michel Arrion, says EU will not increase its financial support to Nigeria.

Arrion made this known in Abuja while delivering a lecture organised by the IBB Golf Club, with the theme: ”40 years of European union in Nigeria: Lessons learned and the way forward.”

Key partner

The ambassador who said that EU was not promising further assistance to Nigeria however said that Nigeria remains EU’s key partner in view of the role it plays in global affairs.

The envoy also stressed that the union would scale up its efforts towards the country’s institutional, political and economic development for a more prosperous future.

He said Nigeria could not be said to be poor, as it has enough resources to meet its developmental needs.

Arrion explained that the combine aides to the country were about ten percent of the country’s annual budget.

”We are not offering more financial support, we are proposing more political and policy dialogue, technical assistance, capacity building, training, transfer of technology.

”We also proposing more advocacies for more private investments and other innovative sources of funding,” the EU envoy said.