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Showing posts from June 30, 2017

EU will not render no more financial assistance for Nigeria

The European Union (EU) Ambassador to Nigeria and ECOWAS, Mr Michel Arrion says EU will not increase its financial assistance to Nigeria. Arrion made this known in Abuja while delivering a Distinguished Lecture organised by the IBB Golf Club, with the theme “40 years of European union in Nigeria: Lessons learned and the way forward”. The ambassador who said that EU was not promising further assistance to Nigeria however said that Nigeria remains EU 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 that Nigeria could not be said to be poor, as it is has enough resources to meet its developmental needs. While expressing concern that on the economic level of the country Arrion called for a more equitable distribution of the nation’s wealth to ensure growth and stability and unleash its enormous econom