The European Union, EU, on Tuesday said the Nigerian Federal Government has cleared an outstanding debt amounting to $850 million owed European airlines. Samuela Isopi, the EU Ambassador to Nigeria and the ECOWAS, disclosed this at the 9th edition of the Nigeria-EU Business Forum in Abuja. Isopi noted that a key condition for any foreign investor is the ability to repatriate profits. “A year ago, these funds amounted to $850m, with a big chunk being owned to European airlines. Today more than 98 percent of arrears have been cleared. This is a major achievement,” Isopi said. The ambassador also…