The Federal Government has paid up the backlog of debts to European airlines to the tune of 850 million dollars.

The European Union (EU) Ambassador to Nigeria and the ECOWAS, SAMUELA ISOPI, revealed this at the 9th edition of the Nigeria – EU Business Forum in Abuja today.

She commended the government for its intervention in clearing the backlog as well as the removal of foreign exchange restrictions on the import of forty-three items.

ISOPI said that Nigeria remains the EU’s largest trading partner with about 35 billion Euros in trade relations in the last year.

She also said that Nigeria is the EU’s biggest foreign investor with a stock estimated at 26 billion Euros, representing one-third of Nigeria’s foreign direct investment.

The Ambassador added that over 230 EU companies operate in Nigeria, providing jobs for youths and women.