EU announces financial assistance for Nigeria

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Nigeria
European Union and Nigeria flags

Brussels, 19 July 2022 (TDI): The Council of the European Union (EU) announced assistance worth €25 million to Nigeria, under the European Peace Facility.

Objectives of the EU assistance

To strengthen the resilience and the capabilities of the Armed Forces of Nigeria.

To enable the forces to defend the sovereignty and territorial integrity of the country. Also, to better protect the civilians against terrorist threats.

The agreed EU assistance will also finance the establishment of the Armed Forces Technician Training Centre. It also reflects the EU’s commitment to supporting Niger. The duration of this assistance measure will be 3 years.

The EU established the European Peace Facility (EPF) in 2021. It was adopted to finance all Common Foreign and Security Policy (CFSP) military and defense actions.

The EPF allows the EU to finance actions to strengthen third states as well as, regional and international organizations regarding defense matters.

EU-Nigeria Relations

Recently, in June, EU Ambassador in Nigeria, Samuela Isopi, inaugurated the ‘Team Europe Initiative (TEI) Green Economy’ project. The project was launched at the 8th EU-Nigeria Business Forum.

Moreover, the EU and Nigeria also adopted a political framework called “the EU-Nigeria Joint Way Forward” to deepen their relationship in 2008.

The EU has strong trade relations with Nigeria. It remains one of the significant Niger trading partners for oil and other exports.

Furthermore, the EU supports international relief organizations working in Nigeria through European Civil Protection and Humanitarian Aid. The EU has granted a total of €285 for humanitarian assistance there since 2010.

Response to COVID

The EU has supported Nigeria in tackling the COVID-19 pandemic. The support is provided by combining resources from the EU, and European financial institutions, under the ‘Team Europe’ initiative.

Furthermore, at the onset of the Pandemic, the EU rapidly provided €50 million to escalate the national response. Furthermore, The European Union has also supported the rollout of vaccines with $14.5 million in Nigeria