The EU Cooperation Strategy
The European Union (EU) and the Federal Republic of Nigeria (FRN) agreed on a Country Strategy Paper and National Indicative Programme for the period 2008 - 2013. The Ljubljana and Prague meetings set out the principles of cooperation between Nigeria and the EU in close harmony with the strategic approach adopted by the Lisbon Action Plan.
Under these agreements, four main avenues for development partnership are to be supported, namely
- Peace & security
- Governance & human rights
- Trade and regional integration and
- Selected key development issues as non-focal areas.
The importance of trade and regional integration to foster growth and to develop the competitiveness of the non-oil sector is recognize as a third focal area. Nigeria is the predominant economy in the West Africa region and can hence play a key role in the ECOWAS regional integration process. The EU will therefore support Nigeria's role in ECOWAS, as well as the development and implementation of its policies concerning the following: trade, ECOWAS trade integration, the EPA, and the need for diversification of Nigeria’s economy as highlighted by the first effects of the financial and economic crisis which started in 2008. The EU will provide capacity-building support to the Nigerian agencies responsible for policy development in these and other export-related fields.
Read more: http://ec.europa.eu/europeaid/node/22