The European Union, EU, has concluded plans to spend about €600 million in ‎Nigeria over the next five years. 
Most of the spending is targeted at helping Nigeria to attract private sector foreign investments into the country’s power sector as well as to boost food security. Michael Arrion, ambassador, head of delegation of the European Union to Nigeria and the Economic Community of West African States, ECOWAS, explained that the amount represents about five per cent of the EU’s entire budget for the African, Caribbean and Pacific, ACP, countries.

Arrion who spoke during a media luncheon in Lagos, said one-third of the €600 million would be spent on electricity generation in Nigeria. He also revealed that the EU is also signing a migration agreement with Nigeria to help well meaning Nigerians that are highly skilled to get employment opportunities in European ‎countries; provide opportunities for people to study abroad and boost Nigeria’s cordial relationship with European countries. 
He said the agreement would also check illegal migration of unscrupulous people who intend to go abroad to engage in crime and other illegal activities.