European Union @ United Nations, Partnership in Action
 
 
See photos from EU-related events and learn more about academic programs and think-tank events, arts festivals and cultural activities.

 
European External Action ServiceEuropean Comission

< Back to previous page

Nigeria signs € 677 million EU Development Fund agreement to support governance, trade and peace actions

Summary: 19 November 2009, Brussels – The European Commission has today signed a multi-million euro agreement that aims to help Nigeria tackle development challenges in the areas of governance, trade and peace. The agreement, signed in Brussels by European Commissioner for Development and Humanitarian Aid, Karel De Gucht, and by Nigeria's Executive Secretary of the National Planning Commission, Professor Sylvester Monye, is an ambitious step forward in cooperation and is a direct result of the Nigeria-EU political dialogue. It reinforces cooperation in three strategic areas: peace and security; governance and human rights; trade and regional integration with € 677 million for the period 2009 – 2013 financed through the European Development Fund.

The European Commissioner for Development and Humanitarian Aid Karel De Gucht said: "This agreement shows that Europe stands by Nigeria and its people in the development challenges it faces. I'm delighted that a substantial amount of this financing will go to support conflict resolution and the peace process in the Niger Delta which has been ravaged by years of unrest. We are fully committed to supporting the Government of Nigeria in the process of restoring peace and bringing development to the region."

The agreement known as the "Country Strategy Paper and National Indicative Programme" (CSP/NIP) of the 10th European Development Fund (EDF) will provide a total of € 677 million between now and 2013 for:

Almost a third of the overall budget (29%, corresponding to € 199 million) is devoted to addressing underlying causes of violence and poverty in the Niger Delta region.

Background:

This Country Strategy Paper and National Indicative Programme differ significantly from the earlier 10th EDF (2008-2013) cooperation strategies launched with the other African, Caribbean and Pacific countries. For the first time it ties political dialogue at the highest levels with cooperation policy. The strategy and programme are based on the priorities established at the EU-Nigeria Ministerial meetings in Ljubljana (May 2008) and Prague (June 2009). The new approach to cooperation is set out in the Nigeria-EU Joint Way Forward, agreed in Prague, which is an innovative tool to propel the relations and cooperation between longstanding partners. Furthermore, the CSP/NIP is based not only on this document, but on the European Union-African Union Strategic Partnership as well.

This new cooperation strategy unites Nigeria and the EU around a common position and a common approach on peace and security; governance and human rights and regional integration.

The indicative financial allocation for Nigeria amounts to €677 million in programmable funds (including a €97 million incentive tranche), and €12 million for unforeseen needs.

The programmable funds will be used for the following purposes:

  • Ref: EC09-242EN
  • EU source: European Commission
  • UN forum: 
  • Date: 19/11/2009


< Back to previous page

See also
 

European Union Member States