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European Reconstruction Bank Sites First West African Office In Lagos

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European Reconstruction Bank Sites First West African Office In Lagos

** As VP Shettima restates President Tinubu’s resolve to sustain stronger ties with EU

** Welcomes partnership with Asian Consortium to manufacture electric cars, solar equipment in Nigeria

By: Our Reporter

The Nigerian government has reiterated its deep commitment to strategic partnership with the European Union, as the European Bank for Reconstruction and Development (EBRD) prepares to open its first West African office in Lagos.

Nigeria officially became the EBRD’s 77th shareholder in February 2025, following the bank’s limited and incremental expansion to sub-Saharan Africa approved by its Board of Governors in 2023.

Speaking on Tuesday during a courtesy visit by Ambassador Gautier Mignot, Head of the European Union Delegation to Nigeria and ECOWAS, at the Presidential Villa, Vice President Kashim Shettima praised the EU’s longstanding support, highlighting the growing opportunities for cooperation in trade, investment, and youth empowerment.

“You are our natural partners and allies. Beyond the geography that binds us, we have a cultural affinity that goes back centuries,” VP Shettima said.

The Vice President noted that Nigeria is entering a new phase of economic openness under the leadership of President Bola Ahmed Tinubu, who he said took bold steps from day one to dismantle key structural challenges.

He said, “Some of the dysfunctions in the Nigerian economy – the opaque exchange rate regime and the fuel subsidy – President Tinubu had the courage to remove them. All the encumbrances toward investment in this country are gradually being eliminated.”

Welcoming the EBRD’s expansion into Nigeria, VP Shettima said the opening of its Lagos office is a symbolic and strategic development for both parties, as “it will send a message across the borders.

“More than ever before, Nigeria is ready for business,” he added, emphasising that Nigeria’s partnership with the EU extends beyond economics, just as he made reference to the EU’s significant humanitarian and stabilisation efforts in conflict-affected regions such as Borno State, where he served as governor.

“I know the prominent role that the EU played in stability and humanitarian support in Borno State. You deserve commendation, not condemnation. We will always stand by those who stood by us in our hours of need,” VP Shettima said.

The Vice President also spoke on migration cooperation, expressing satisfaction with ongoing engagements under the EU-Nigeria Readmission Agreement, and called for a revitalisation of youth-focused programmes like the Nigeria Jubilee Fellows Programme (NJFP).

“There is a need for us to recalibrate the programme for the good of our young men and women,” VP Shettima said.

Earlier in his remarks, the EU Ambassador to Nigeria, Mr. Mignot, said given the turmoil and very difficult political climate globally, it is important to have a reliable relationship with Nigeria, noting that the European Union sees Nigeria as a key partner in the 21st century.

Mr. Mignot explained that all the EU ambassadors in Nigeria have met to reaffirm their partnership with Nigeria.

He stated that the EU is a strong supporter of the UN Charter, the Sustainable Development Goals, and global gender equality initiatives of the international community.

“The EU believes in free and fair trade, international partnerships as relations among equals, mutual benefits and respecting sovereignty. West Africa and Nigeria are priorities for us because we are neighbours and our destinies are closely linked.

“Therefore, we are determined to keep our commitment globally and here in the region and Nigeria in terms of partnerships, cooperation and humanitarian aid,” he said.

VP Shettima Welcomes Partnership With Asian Consortium On Electric Cars, Solar Equipment Manufacture In Nigeria

In another development, Vice President Shettima applauded the proposal for partnership between Nigeria and the Asia Economic Development Committee (AEDC) of South Korea for solar equipment and electric vehicle manufacturing, as well as for advanced Information Technology for security enhancement in Nigeria.

He said Nigeria was ready for partnerships that would advance the industrialisation agenda of the administration of President Bola Ahmed Tinubu and improve the lives of the citizens.

The Vice President stated this on Tuesday when he received a delegation from the AEDC South Korea led by its Chairman, Mr Yoon Suk-hun, on a courtesy visit to the Presidential Villa, Abuja.

Senator Shettima added that Nigeria is open to and interested in any form of arrangements that would lead to the transfer of technology and the establishment of industries for solar equipment production and electric vehicle manufacturing in Nigeria, among others.

He reiterated the commitment of the Tinubu administration to creating the enabling environment for private investments in the country, assuring the delegation of the government’s cooperation.

“This government wants to be the facilitator for businesses to thrive in Nigeria. We will create a safe passage and a conducive environment for private businesses like yours to thrive.”

The Vice President commended South Korea’s commitment to the development of Africa, given their shared history, just as he praised the country’s investments in human resource development and technological advancement, especially in automobile manufacturing and the alternative energy sector.

Earlier, the leader of the delegation, Mr Suk-hun, said the delegation was in the country to explore areas of partnership in solar technology, electric vehicle manufacturing and information technology infrastructure for security enhancement, among others.

He said the AEDC believes in the present leadership of the country to harness the enormous potential there, leveraging technology and the resources that abound across the country.

Mr Suk-hun said the organisation’s proposal for investment in Nigeria was not for profit maximisation but to ensure the transfer of technology in key areas, including solar technology, electric vehicle manufacturing and information technology capacity for security enhancement.

Also present at the meeting were the Founder/Chairman of AMMASCO Group, Alhaji Mustapha Muhammad; Shin Kyeong-seub; Kim Se Hun and Yang Jin Won, all from the AEDC.

European Reconstruction Bank Sites First West African Office In Lagos

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Germany, Agrofood Fair Drive Investment and Technology for Nigeria’s Food Processing Sector

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Germany, Agrofood Fair Drive Investment and Technology for Nigeria’s Food Processing Sector

By: Michael Mike

Stakeholders from government, industry and the diplomatic community have intensified efforts to mobilise investment and modern technology to strengthen Nigeria’s food processing and packaging sector, as the 11th edition of Agrofood Nigeria concluded in Lagos.

The push was highlighted during a networking event hosted by the German Consulate General Lagos, where Nigerian agribusiness stakeholders, German exhibitors and members of the German diplomatic and business community discussed opportunities to deepen collaboration across Nigeria’s agri-food value chain.

Speaking at a press briefing, the German Consul General in Lagos, Daniel Krull, said strengthening agriculture and food processing is central to Nigeria’s long-term economic growth and food security.

Krull noted that improving the country’s food processing capacity would not only reduce post-harvest losses but also stimulate industrial growth, create jobs and enhance Nigeria’s ability to meet domestic food demand.

He pointed to Germany’s global strength in food processing technology as evidence of how innovation can transform agricultural output into competitive products.

According to him, Germany remains Europe’s largest exporter of coffee despite not cultivating the crop domestically, a feat made possible through advanced processing technology and value-addition capabilities that tailor products to consumer needs.

“Agriculture and food processing are key to addressing food insecurity and unlocking economic potential. Technology and innovation will play a decisive role in enabling Nigeria to fully harness these opportunities,” Krull said.

The annual exhibition, organised by German trade fair company fairtrade Messe GmbH, brings together players across the entire food value chain—from food production and ingredient manufacturing to processing equipment, packaging technologies and finished product distribution.

Managing Director of fairtrade Messe, Paul März, described the event as a vital marketplace where businesses across Nigeria and West Africa connect with global technology providers.

“It is a meeting point and market place where industry meets once a year for Nigeria and West African countries to come to Lagos to discuss products with exhibitors,” he said.

Now in its 11th year in Nigeria, the exhibition featured 137 companies from 17 countries presenting equipment and technological solutions aimed at strengthening food production, processing and packaging.

Since 2017, the fair has also hosted an official German Pavilion supported by the German Government, providing a platform for German manufacturers to showcase advanced machinery designed to improve Nigeria’s food processing capacity.

Organisers said the initiative is aimed at boosting Nigeria’s food self-sufficiency by introducing technologies that reduce dependence on imported food products while encouraging domestic production and industrialisation.

März said the exhibition has already contributed to noticeable improvements in Nigeria’s food processing ecosystem, particularly in the area of packaging and the development of new supply chains.

However, he stressed that significant gaps remain, especially in packaging technology needed to extend shelf life and meet international export standards.

According to him, several companies participating in the fair have already sold machines for sachet packaging, milk powder processing, PET bottling and recycling to Nigerian businesses.

“With its long-term approach, Agrofood will continue to hold yearly in Nigeria to provide even more solutions to existing problems such as food safety, recycling and processing,” he said.

Krull also highlighted Germany’s broader economic engagement with Nigeria, revealing that Germany currently maintains a development portfolio of about €570 million in the country.

He explained that beyond trade exhibitions, the German government supports Nigerian businesses through technical advisory services, vocational education and training programmes as well as financing opportunities for small and medium-scale enterprises.

These include credit facilities and financial support windows facilitated through the German Desk at Access Bank, which provides funding options for businesses seeking to invest in food processing technology.

German companies already operating in Nigeria are also investing heavily in workforce training to ensure local staff can operate and maintain advanced industrial equipment, thereby strengthening technology transfer.

While acknowledging challenges confronting Nigeria’s agri-food sector—including insecurity, financing constraints, regulatory issues and energy shortages—Krull stressed that such obstacles should not deter stakeholders from taking decisive action.

He said Nigeria possesses the natural resources, entrepreneurial capacity and market potential needed to achieve significant growth in the food processing sector if investment, technology and policy support are effectively aligned.

By connecting entrepreneurs, investors and technology providers, he added, initiatives like Agrofood Nigeria could play a pivotal role in accelerating the transformation of Nigeria’s agricultural economy.

Germany, Agrofood Fair Drive Investment and Technology for Nigeria’s Food Processing Sector

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Shettima Hosts Gates Foundation Delegation as 2027 Political Calculations Begin

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Shettima Hosts Gates Foundation Delegation as 2027 Political Calculations Begin

By: Michael Mike

Nigeria’s Vice President, Kashim Shettima, on Wednesday received a high-level delegation from the Gates Foundation at the Presidential Villa in Abuja, in a visit that observers say comes at a politically sensitive moment ahead of the 2027 presidential election.

The delegation was led by the President of the foundation’s Global Growth and Opportunity division, Hari Menon, and included senior officials of the organisation’s Nigeria office. The team briefed the vice president on the foundation’s ongoing programmes and partnerships in Nigeria.

Posting on his verified Facebook page after the meeting, Shettima commended the foundation for its long-standing support to Nigeria in critical sectors such as health, agriculture and development.

“Yesterday, I received in audience a delegation of the Gates Foundation led by the President of the Foundation’s Global Growth and Opportunity (GGO) division, Mr. Hari Menon, at the Presidential Villa, Abuja,” the vice president said.

“In my interaction with the delegation, I applauded the Gates Foundation for sustaining investments and humanitarian aid in Nigeria. Indeed, the Foundation remains the nation’s strategic partner in the drive to change the Nigerian narrative.”

The visit comes amid growing political conversations about the composition of the ruling ticket ahead of the 2027 presidential election and whether President Bola Ahmed Tinubu will retain Shettima as his running mate.

Although the meeting was officially centred on development cooperation, political watchers say the timing has drawn attention within policy and political circles, especially given the influence of the foundation founded by billionaire philanthropist Bill Gates.

Sources familiar with the engagement said discussions focused largely on the foundation’s interventions in Nigeria, including programmes aimed at improving public health, expanding agricultural productivity and supporting vulnerable populations.

During his visit to Nigeria, Menon also held diplomatic engagements, including a visit to the Indian High Commission where he met with the ambassador, Abhishek Singh.

The Gates Foundation has operated in Nigeria since 2000 and has been a key partner in several national initiatives, particularly in immunisation campaigns, disease control, nutrition and agricultural development. The organisation marked 25 years of its presence in the country in 2025.

Despite its extensive development footprint, some of the foundation’s programmes have occasionally attracted debate in Nigeria, particularly around issues such as genetically modified crops, vaccination initiatives and population policies.

Analysts say that as political alignments gradually begin ahead of 2027, high-profile international engagements by key government figures may increasingly attract attention beyond their immediate development objectives.

Shettima Hosts Gates Foundation Delegation as 2027 Political Calculations Begin

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2027: Bill Gates Joins Campaign, Supports Shettima

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2027: Bill Gates Joins Campaign, Supports Shettima

By:Michael Mike

Nigeria’s Vice President, Kashim Shettima has received a highly anticipated support to continue as President Bola Tinubu’s running mate in the 2027 presidential election from chairman of the Gates Foundation, Bill Gates.

The unusual support according to sources knowledgeable about the matter is a lifeline for the embattled vice president.

Shettima, whose fate as Tinubu’s running mate has been dangling in the balance received the boost after a delegation from Gates Foundation led by the president, Global Growth and Opportunity (GGO), Hari Menon visited Shettima at the Villa on Wednesday.

According to a post on the vice president’s verified Facebook page, the delegation which also included members of the foundation in Nigeria briefed the VP on its activities in Nigeria .

” Yesterday, I received in audience a delegation of the Gates Foundation, led by the President of the Foundation’s Global Growth and Opportunity (GGO) division, Mr. Hari Menon, at the Presidential Villa, Abuja.

” In my interaction with the delegation, I applauded the Gates Foundation for sustaining investments and humanitarian aid in Nigeria. Indeed, the Foundation remains the nation’s strategic partner in the drive to change the Nigerian narrative, ” Shettima said.

However, the meeting between the vice president and Bill Gates team had another purpose, to pass a vote of confidence on the VP in order to convince President Tinubu to retain him s running mate.

” There have been calls for the president to drop Shettima because of his political baggage and alleged links to the insurgency in the Northeast. Most of the pressure is coming from the United States that currently have soldiers on the ground in nigeria, providing support for the Nigerian military.

” What better way to shore up support than to bring the biggest philanthropist to Nigeria in order to prove that he still hs some international connections, ” the source said.

In his visit to Nigeria, Menon who is of Indian heritage also visited the Indian High Commission to Nigeria, meeting with the ambassador, Abhishek Singh.

The Gates Foundation has been active in Nigeria since 2000 and it celebrated its 25th years in the country last year. Activities of the foundation has also come under scrutiny for many years especially it’s support for population control, Genetically Modified Organisms in agriculture and questionable polio immunisation.

2027: Bill Gates Joins Campaign, Supports Shettima

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