Nigeria and other West African Countries get €1 billion EU funding to make their products attractive for exports

Business News

 

Nigeria and other West African Countries have just received a boost of €1 billion from the European Union (EU) to make their products more attractive to foreign markets like Europe and America.

This arrangement was brought to the fore by Frank Okafor, EU Project Manager for the West Africa Quality Systems Programme (WAQSP) .

The steering committee expected to pilot the project met in Abuja to evaluate the readiness of West African countries to exploit the opportunity.

The Details: The project is being supervised by the United Nations Industrial Development Organization (UNIDO).

It is in tandem with UNIDO’s mandate which is expected to promote and accelerate the inclusive and sustainable industrial development of developing countries and economies in transition.

“What you should know: The European Union’s support is expected to promote and unify trade between ECOWAS and world markets. Before getting to this level, this contribution had been on for 17 years, including EU’s coordinated efforts with development partners,” said Okafor.

Source: nipc

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