24 June 2014

Nigeria: European Union Signs Funding Pact With Nigeria, 15 Others

The European Union (EU) has signed a national indicative programme with 16 African, Caribbean and Pacific countries to further increase its development assistance to the countries.

A statement from the EU commission in Brussels, Belgium said the signing of National Indicative Programmes with 16 partner countries, at the EU-ACP (African, Caribbean and Pacific countries) Joint Council of Ministers in Kenya marks the official go-ahead for the future of EU aid in those countries.

"The European Commission will grant, through the 11th European Development Fund (EDF) €29.1 billion over the next seven years for that purpose," the statement read.

The documents lay down the priorities for their joint work for the next seven years and will allow EU to move ahead with the preparations of their projects and programmes.

"For the European Union, it is essential that our programmes are drawn up in close cooperation with our partner countries, based on governments' own policies and strategies and reflecting their stated needs. This is how we ensure that programming documents really support national priorities where the EU can add value," the statement said.

Signatory Countries in Africa include Botswana, Côte d'Ivoire, Djibouti, Ethiopia, Gabon, Ghana, Kenya, Mauritania, Niger, Nigeria, Sao Tome e Principe, Sierra Leone, Somalia, Swaziland, and Tanzania.

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