European Fund Okays $16b For Nigeria, Others

The European Development Fund (EDF), the main instrument for EU
aid for development cooperation with the African, Caribbean, and
Pacific countries (ACP), has so far supported Nigeria and other
countries with £4,732,573,734 about $6,622,148,448.77. Project
budget is £4,789,417,222. It started December 13 , 2010. It will
end on December 31 Dec 2027.

EDF provides support to African, Caribbean and Pacific (ACP)
countries and Overseas Countries and Territories (OCTs) to
eradicate poverty, support sustainable development and integrate
ACP countries into the world economy. The funding is implemented by
European Investment Bank, European Commission and
Directorate-General for International Cooperation and
Development.

Information from the United Kingdom (UK) – Foreign, Commonwealth
and Development Office (FCDO) indicated that the project was
approved before the referendum on the UK’s membership of the EU.
Under the terms of the Withdrawal Agreement with the EU, the UK
will honour its commitment to the current and previous European
Development Funds.

In 2015, the EU, signed a regional funding for cooperation with
representatives of regional organisations from West Africa,
covering the time until 2020. The Regional Indicative Programme
under the 11th European Development Fund amounted to a total of
€1.15 billion. The West Africa Regional Indicative Programme was
co-signed by the Economic Community of West African States (ECOWAS)
and the West African Economic and Monetary Union (UEMOA).16
Countries benefited from the EU-West Africa Regional Indicative
programme.

These included Benin, Burkina Faso, Cape Verde, Côte d’Ivoire,
The Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali,
Mauritania, Niger, Nigeria, Senegal, Sierra Leone and Togo. Under
the 10th EDF Regional Indicative Programme (2008-2013) for West
Africa.The was budget €595 million.

The 10th EDF Regional Indicative Programme (2008-2013) for West
Africa had a budget of €595 million. The EU is currently
implementing its 11th European Development Fund for the period
2014-2020, with an aid budget of €30.5 billion for many of the ACP
countries and Overseas Countries and Territories (OCTs), covering
both national and regional programmes.

The European Development Fund (EDF), the main instrument for EU
aid for development cooperation with the African, Caribbean, and
Pacific countries (ACP), has so far supported Nigeria and other
countries with £4,732,573,734 about $6,622,148,448.77. Project
budget is £4,789,417,222. It started December 13 , 2010. It will
end on December 31 Dec 2027.

EDF provides support to African, Caribbean and Pacific (ACP)
countries and Overseas Countries and Territories (OCTs) to
eradicate poverty, support sustainable development and integrate
ACP countries into the world economy. The funding is implemented by
European Investment Bank, European Commission and
Directorate-General for International Cooperation and
Development.

Information from the United Kingdom (UK) – Foreign, Commonwealth
and Development Office (FCDO) indicated that the project was
approved before the referendum on the UK’s membership of the EU.
Under the terms of the Withdrawal Agreement with the EU, the UK
will honour its commitment to the current and previous European
Development Funds.

In 2015, the EU, signed a regional funding for cooperation with
representatives of regional organisations from West Africa,
covering the time until 2020. The Regional Indicative Programme
under the 11th European Development Fund amounted to a total of
€1.15 billion. The West Africa Regional Indicative Programme was
co-signed by the Economic Community of West African States (ECOWAS)
and the West African Economic and Monetary Union (UEMOA).16
Countries benefited from the EU-West Africa Regional Indicative
programme.

These included Benin, Burkina Faso, Cape Verde, Côte d’Ivoire,
The Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali,
Mauritania, Niger, Nigeria, Senegal, Sierra Leone and Togo. Under
the 10th EDF Regional Indicative Programme (2008-2013) for West
Africa.The was budget €595 million.

The 10th EDF Regional Indicative Programme (2008-2013) for West
Africa had a budget of €595 million. The EU is currently
implementing its 11th European Development Fund for the period
2014-2020, with an aid budget of €30.5 billion for many of the ACP
countries and Overseas Countries and Territories (OCTs), covering
both national and regional programmes.