The European Business Chamber (Eurocham) has pledged deeper support for European businesses operating in Nigeria, highlighting renewed efforts to strengthen economic and cultural ties between the European Union and Africa’s largest economy.

The commitment was made during a cocktail dinner in Lagos over the weekend, marking the close of the European Month and celebrating 75 years of European integration since the Schuman Declaration of May 9.

The high-profile event brought together notable dignitaries including Governor Babajide Sanwo-Olu, Mrs. Folashade Ambrose-Medebem, Secretary to the Lagos State Government Abimbola Salu-Hundeyin, EU Ambassador to Nigeria and ECOWAS Gautier Mignot, and other key stakeholders from the public and private sectors.

Yann Gibert, President of Eurocham, described the Chamber as a crucial link between European companies and Nigeria’s evolving economy.

“We are proud to be a bridge between European businesses and Nigeria’s vibrant market,” Gibert said. “We remain committed to strengthening these economic and cultural ties.”

He emphasized Eurocham’s role in supporting companies navigating Nigeria’s legal, regulatory, and operational environment, particularly in key sectors such as agriculture, digital innovation, environmental sustainability, and youth empowerment.

Ambassador Gautier Mignot lauded the month-long European integration celebration, which featured events in Abuja, Sokoto, Kano, and concluded in Lagos, calling the city Nigeria’s “economic and cultural hub.”

“The EU accounts for 28% of Nigeria’s foreign trade and nearly one-third of its foreign direct investment (FDI),” Mignot said. “When others talk about a decline of European presence, remember these figures.”

He also revealed that the European Bank for Reconstruction and Development (EBRD) will officially open a Lagos office in September, further complementing the efforts of the European Investment Bank (EIB) and underlining the EU’s long-term economic engagement in Nigeria.

Governor Babajide Sanwo-Olu, in his remarks, reaffirmed Lagos State’s dedication to maintaining a secure, welcoming, and investor-friendly climate.

“We will continue to make Lagos business-friendly—ensuring security, safeguarding life and property, and supporting businesses to thrive,” he stated, encouraging foreign investors to take advantage of the state’s vast economic potential.