Mr. Arrion made this known according to Premium-time in Abuja while delivering a distinguished Lecture organised by IBB Golf Club, Themed "40 years of European Union in Nigeria: Lessons learned and the way forward".
Mr. Arrion said that the EU was not promising further assistance to Nigeria however said that Nigeria remains EU key alley in view of the role it plays in global affairs.
The envoy who also stressed that the union would scale up its affairs its efforts towards the country's institutional, political and economic development for more prosperous future.
He said that Nigeria could not be said to be poor, as it has enough resources to meet its developmental needs.
while expressing concern on the economic level of the country, the Ambassador called for a more equitable distribution of the nations wealth to ensure growth and stability and unleash its enormous economic potentials.
He explained that the combined aide to Nigeria was about ten percent of the country's annual budget.
According to him the Official Development Assistance (ODA) flow in Nigeria is about 2.5 billion dollars yearly, which corresponds roughly to about 10 per cent of the federal budget (N7.3 trillion or $24 billion).
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