ECOWAS: Foreign investors are making serious money in Nigeria. Tinubu’s reforms are improving their confidence – EU Envoy

EU Ambassador to Nigeria and ECOWAS, Gautier Mignot, says Nigeria remains highly attractive to investors, describing it as a country with “huge untapped potential” despite regulatory and infrastructure challenges.

Speaking on ARISE News ahead of the Nigeria–EU Business Forum, he said reforms are improving investor confidence.

“We think that there is a huge untapped potential in terms of investment,” he said.

He added that the EU, through its Global Gateway Strategy, is helping mobilise private investment and support key sectors.

“We are looking with optimism at Nigeria,” he stated.

Mignot highlighted opportunities in digital infrastructure, energy, healthcare, agriculture, transport, and manufacturing.

“We see many sectors of opportunities,” he said. He noted ongoing EU support for Nigeria’s broadband expansion project while acknowledging issues like power supply, skills gaps, and bureaucracy.

“There is also an issue of available skills and availability of constant power supply and connectivity,” he said.

He expressed hope that the forum would boost partnerships and investments, adding that many foreign investors already in Nigeria are seeing returns.

“Investors who are already in Nigeria are satisfied with their investments and are making money,” he said.