Digital economy: EU announces €820 million investment program for Nigeria

The European Union has announced an EU-Nigeria digital economy package worth €820 million until 2024.

European Commission Executive Vice President Margrethe Vestager announced the package on Sunday evening at the presidential villa during a meeting with Vice President Yemi Osinbajo.

This was in a statement signed by Osinbajo spokesperson Laolu Akande, titled “Nigeria, EU to work together on digital economy, explore increasing LNG supply to European countries,” Monday.

Speaking at the meeting, Vestager said the €820 million was included in the €150 billion Africa-Europe Global Gateway investment package announced earlier by the Commission President. European, Ursula von der Leyen.

The package, she said, will help improve secure connectivity, digitize public services, support entrepreneurship and boost digital skills, while developing a democratic and human-centred governance framework for technology.

Welcoming the EU investment package, Osinbajo noted that the use of digital technology is crucial in Nigeria’s recently released national development plan.

Earlier, the Vice President expressed his satisfaction that the EU supports Nigeria’s view that gas should be seen as a transitional fuel as the global community moves towards net emissions targets. null.

“We are relieved to learn of the EU’s support for gas as a transition fuel. It’s a bit of a relief,” the statement quoted Osinbajo as saying.

Issues discussed at the meeting included the use of digital technology, trade and investment. The importance of the energy relationship between Nigeria and the EU was also highlighted, while the examination of all options for an increased supply of liquefied natural gas (LNG) from Nigeria to the EU was agreed. , following an EU request.