The European Union (EU) has pledged 820 million euros support for Nigeria’s digital economy.
The pledge, according to its Executive Vice President, EU Commission, Margrethe Vestager, follows on the heels of an announcement by the President of the Commission, Ursula von der Leyen, of a Global Gateway Africa-Europe Investment Package worth 150 billion euros.
The package, expected to subsist till 2024, will help enhance secure connectivity, digitalise public services, support entrepreneurship and build digital skills, while developing a human-centric, democratic governance framework for technology.
Vice President Yemi Osinbajo, who described the initiative as impressive, noted that the use of digital technology is crucial to Nigeria’s recently released National Development Plan.
Besides, Osinbajo emphasised the importance of a renewed Nigeria-EU partnership, including expectations for a successful EU-AU (European Union – African Union) Summit holding in Brussels later this week.
Osinbajo, who spoke while receiving a delegation of the EU Commission led by Vestager, at the Presidential Villa, also expressed the relief of the EU’s support for the country on gas as a transition fuel.
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