2.1 Million Euros EU Small Arms Project Grant

As parts of its commitment towards ending the proliferation of small arms, Nigeria has been integrated into the Economic Community of West African States (ECOWAS) and European Union (EU) small arms project.

The country will also benefited from a special European Union (EU) grant of 2.1 million euros.

According to the United Nations Development Programme (UNDP) Resident Representative in Nigeria, Ms. Mandisa Mashalogu;

“ECOWAS and EU small arms project is being implemented in six African countries and after the launch of the Nigerian component, we are going to have Nigeria as the seventh country in the project.”

EU Launches $47 Billion Fund for Africa’s Economic Development

The European Union (EU) has launched a €44 billion ($47.46 billion) Africa Economic Development Fund aimed at helping Nigeria and other African countries drive economic growth and development.

The Fund, which would be made available for disbursements in .0first quarter 2018 as credit money, was designed to help developing economies cover identified risks to attract foreign direct investments as well as assist the digital industry in Nigeria which the EU sees as one of the areas with the strongest growth potential.