European Union
European Union

Nigeria is awaiting a donation by the European Union (EU) to help rebuild the country’s Niger Delta and Northeast — two regions brought to their knees by oil militant attacks and insurgent activities of Boko Haram respectively, according to Minister of Finance Kemi Adeosun.

The Nigerian minister, in an audience with EU ambassador to Nigeria, Michel Arrion, on Tuesday said all the financial analysis needed to facilitate support to rebuild the Niger Delta and northeastern states had been put in place.

The EU had pledged 20 million U.S. dollars to be offered in form of budget to support the Nigerian government in rebuilding mainly markets and warehouses in the two troubled regions.

Adeosun said the funding arrangement will help in “healing the wounds” caused by Boko Haram insurgents in the northeast region.

“It would also give hope to the Niger Delta people who have been impacted by pipeline bombings and the attendant environmental problems in the area,” she said.

Nigeria has drawn a fiscal sustainability plan, a 21-point fiscal reform program to enhance transparency, accountability and efficiency for the inflow of such funds, she said.

Arrion explained the EU budget support was a special instrument meant for countries emerging from war.

“We can look at States in the North East and the Niger Delta and look at specific projects in terms of financial support to their budgets,” he added. Enditem

Source: xinhua/


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