The Press Officer, EU Delegation to Nigeria and ECOWAS, Modestus Chukwulaka, in an official statement said that the European Union is planning a 7-year budget to fund projects in Nigeria under the Multiannual Indicative Programme.
Driving The News.
The statement said that the funding which would run from 2021-2027 will focus on areas such as green and digital economy, peace and migration and good governance. He further added that the EU will determine an extension after a review in 2024.
The statement also said that the adoption of a Multiannual Indicative Programme by the EU would establish a bilateral relationship with Nigeria. Already there are three support projects running between the EU and Nigeria; “EU Support to Democratic Governance (€39m), EU Support for Innovation and Jobs for Youth in Nigeria (€55m) and EU-Nigeria Cooperation Facility (€21.4m).”
In response, the EU Ambassador to Nigeria and ECOWAS, Samuela ISOPI, expressed his gratitude to the EU.