yesterday signed financing agreements to the tune of over 900 million Euros . The agreements which are in form of grants and loans are for developmental projects, which cut across various sectors of the economy. The agreements were signed at EU-Nigeria Strategic Dialogue in Abuja. The agreements formed a central part of the EU-Nigeria cooperation to advance the country’s green, resilient, digital inclusive transition under Government priorities and Global Gateway.
In addition to these areas of support, the second signed agreement will also contribute to building access in the Nigerian social protection safety net ; support to border management and reintegration of returnees ; support to the disarmament, demobilisation and reintegration of Boko Haram combatants in the North East region ; and, support to improving the criminal justice system, access to justice and the fight against corruption .
Other expected signings are financing agreement for the completion of the Lagos Inland waterway project- €130; Development Bank of Nigeria lending to innovative and green SMEs in Nigeria €200; Access to Agric-market rural roads €150 and another €20m for Husk renewable energy to finance construction of about 150 small PV-hybrid mini-grids with a total PV capacity of 15 MWp, benefiting some 54,000 households and 6,000 SMEs.
The Minister of Budget and Economic Planning, Abubakar Bagudu, described the EU -Nigeria relations as one of the most vibrant development partnerships in terms of volume, thematic interventions, and geographical spread in deployment of resources.
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