Bilateral Cooperation: EU To Fund Projects Worth €508 Million In Nigeria For 2021-24

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The European Union (EU) has adopted a seven-year funding scheme for its interventions in Nigeria, following the conclusion of consultations with local authorities and other key stakeholders.

The Multiannual Indicative Programme (MIP) for Nigeria 2021-27 focuses on three broad priority areas, namely: (i) Green and Digital Economy (ii) Governance, Peace and Migration (iii) Human Development.

Under the Programme, the EU will provide €508 million to fund projects that reinforce its bilateral cooperation with Nigeria for the period 2021-24. Financial allocation for the period 2025-2027 will be determined after a review in 2024.

The EU Ambassador to Nigeria and ECOWAS, Ms. Samuela ISOPI, said:

“The European Union has a long standing partnership with Nigeria. Today, we are marking a step in our cooperation, by committing ourselves to long-term support aligned with our shared priorities, values and interests. This is in the spirit of the Global Gateway strategy adopted by the EU last December.

“We are glad to launch this multiannual programme during the visit of the Executive Vice President of the European Commission, Ms Margrethe Vestager, and on the eve the 6th EU-African Union Summit in Brussels.”

With this strategic document, the EU commits to provide support for the priorities defined in consultation with the Nigeria authorities and its Member States. Other key stakeholders, in particular Civil Society Organisations, including women and youth groups, representatives of the private sector, the UN and other partners, were consulted.

The EU will work with its Member States, the European Investment Bank (EIB) and other EU Development Finance Institutions (DFIs) in the implementation of the agreed priorities, under the Team Europe approach. Two Team Europe Initiatives (TEI) have been prepared for Nigeria, one on Green Economy and the other one on Peace and Governance.

The agreed priorities are in line with UN’s 2030 Agenda and the Paris Agreement.

The adoption of the MIP is an important step in reinforcing and concretising the EU’s cooperation with Nigeria. It will enable the EU and Nigeria to continue working together on programmes and projects that are built on shared objectives, principles and values.

Already three new projects have been signed under this new programming:

– EU Support to Democratic Governance (€39 million)

– EU Support for Innovation and Jobs for Youth in Nigeria (€55 million)

– EU-Nigeria Cooperation Facility (€21.4 million)

Through the defined priorities and related actions, which will be further developed, the EU reaffirms its place as a key partner of Nigeria.

The EU is also the largest contributor to the 500 million COVID-19 vaccine doses donated to Africa under the COVAX facility.

 

 

 

 

 

 

 

 

 

 




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