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European Investors storm Nigeria

February 06, 2010 By: Our Correspondent Category: Bussiness

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A delegation of senior executives, led by EIB Vice President Plutarchos Sakellaris, will be in Nigeria from 7th - 12th February, to hold meetings with top Government officials and discuss deals with key players in the Nigerian financial sector.

The European Investment Bank is the European Union’s long-term lending institution, owned by all 27 member states, and last year invested in excess of EUR 79bn in projects across the European Union, Africa and beyond. Vice President Sakellaris is responsible for lending operations in sub-Saharan Africa

In recent years the European Investment Bank has provided over EUR 220m of funding for projects across Nigeria, alongside 3.5bn of investment in Africa, Caribbean and Pacific countries under the Cotonou Mandate.

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