The European Union (EU) has inaugurated the ‘Team Europe Initiative (TEI) Nigeria Green Economy’ project aimed at stimulating sustainable climate-smart agriculture and renewable energy for the country’s economic growth and diversification.
The EU ambassador to Nigeria and Economic Community of West African States (ECOWAS), Samuela Isopi, unveiled the Euro1.2 project at the 8th EU-Nigeria Business Forum in Lagos.
The event was tagged: “Nigeria and the New Economy.”
Members of the TEI Green Economy Project include Denmark, France, Germany and the Netherlands.
According to the ambassador, the TEI Green Economy consists of 60 projects of different nature to be executed across the agricultural and energy sectors by 2027.
Isopi said the project was aimed at improving the competitive advantage of Nigeria’s agriculture and energy sectors, with emphasis on access to clean and renewable energy as well as job creation, skills and capacity development.
She explained that the project was a collaborative efforts with the EU and member states, private and public sectors and the development financial institutions.
