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EU contributes €508 million to Nigerian initiatives

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EU contributes €508 million to Nigerian initiatives

EU contributes €508 million in total for its operations in Nigeria – EU deligate to Nigeria

The European Union (EU) has finalized plans to contribute to the financing for its operations in Nigeria totaling €508 million.  

The development is one of the EU’s shared priority areas for collaboration with Nigeria, which also includes the drafting of a multiannual strategic plan. 

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The provision was also made in response to Ms Margrethe Vestager, the European Commission’s Executive Vice President, visiting Nigeria.  

In a statement issued in Abuja, Mr Modestus Chukwulaka, Press Officer, EU Delegation to Nigeria and the Economic Community of West African States (ECOWAS), said the EU had adopted a seven-year funding scheme for its interventions in Nigeria after concluding consultations with local authorities and other key stakeholders. 

According to the EU, Nigeria’s Multiannual Indicative Programme (MIP) for 2021-2027 focuses on three key priority areas: green and digital economy, governance, peace and migration, and human development.  

‘Under the Programme, the EU will invest €508 million to support initiatives that would strengthen Nigeria’s bilateral relations from 2021 to 2024. After a review in 2024, the financial allocation for the years 2025-2027 will be established,’ the EU noted.  

‘The European Union has a long-standing connection with Nigeria,’ said EU Ambassador to Nigeria and ECOWAS Samuela ISOPI. We are taking a step forward in our collaboration today by committing to long-term support based on our common objectives, beliefs, and interests. This is in line with the EU’s Global Gateway plan, which was established in December. We are delighted to inaugurate this multiyear program during the visit of Ms. Margrethe Vestager, the European Commission’s Executive Vice President, and on the eve of the 6th EU-African Union Summit in Brussels.’ 

With the strategic plan, the EU also said that it was committed to provide support for the objectives identified in conjunction with Nigerian authorities and member states.  

Other major players, including civil society organizations, such as women’s and youth groups, private sector representatives, the UN, and other partners, were contacted, according to the EU. 

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