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News

Nigeria EU bank chiefs meet VP, CBN on key financial deals
8th February 2010
 

STARTING from today, a delegation of senior European Investment Bank executives, led by EIB Vice President Plutarchos Sakellaris, would be discussing investment related issues with top Nigerian officials.In the morning, a meeting of the team is scheduled to be held with the management of the Central Bank of Nigeria.EIB is the European Union's long-term lending institution, owned by all 27 member states, and last year invested in excess of 79 billion euros in projects across the European Union, Africa and beyond. Vice Presidents of the bank are equivalent in standing to European Commissioners. Vice President Sakellaris is responsible for lending operations in sub-Saharan AfricaThe visit will include the first meeting between the EIB and Vice President Goodluck Jonathan, Governor of the Central Bank, Ministers of Finance, Petroleum Power and the National Planning Commission. The delegation will visit Abuja and Lagos and announce a number of key deals with the Nigerian financial sector.I release from the EU delegation in Nigeria recalled that in recent years the EIB has provided over 220 million euros of funding for projects across Nigeria, alongside 3.5 billion euros of investment in Africa, Caribbean and Pacific countries, under the Cotonou Mandate.

 
Source: Guardian Nigeria
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