National Economy
Friday, July 11, 2025
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
Read News
National Economy
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
National Economy
No Result
View All Result
Home Lead-In Cover

EU Rolls Out $1.3bn To Assist Nigeria’s Economic Diversification

by Hannah Oni
3 years ago
in Cover, News
Reading Time: 1 min read
Share on FacebookShare on TwitterShare on Telegram

The European Union (EU) and its development finance institutions will provide Nigeria with 1.29 billion euros ($1.3 billion) to help Africa’s most populous country diversify its economy away from oil, a document from the bloc has shown.

Nigeria has been trying to broaden its economy and exports outside the oil sector, which accounts for about 7 per cent of Nigeria’s gross domestic product and 90 per cent of its foreign currency earnings.

The funding will be provided until 2027 under the EU’s “Green Deal” initiative and will, among other things, focus on enhancing access to renewable energy and boosting the development of the agricultural sector.

“In parallel, the EIB (European Investment Bank) sovereign lending will support the agri-food sector access to markets by financing rural roads, as well as climate adaptation and mitigation efforts,” the EU said.

You May Like

Trump Threatens 10% Tariff On Countries Aligning With BRICS

China Responds To Trump’s Tariff Threat Against BRICS-Aligned Countries

About 57 projects, including nature-based measures to reduce climate change vulnerability, combating deforestation and desertification, and a waste-to-energy initiative in the southern Cross River state will receive funding, the EU said.

ShareTweetShare
Previous Post

OPEC Sec-gen, Barkindo Is Dead

Next Post

[EDITORIAL] Need To Effectively Coordinate Monetary And Fiscal Policies

ANOTHER GOOD READ

Trump Cryptocurrency Drops Amid US Tariff Backlash
News

Trump Threatens 10% Tariff On Countries Aligning With BRICS

3 days ago
China Hits US With Retaliatory Tariffs, Launches Probe Into Google Practices
News

China Responds To Trump’s Tariff Threat Against BRICS-Aligned Countries

3 days ago
Labour Institute’s DG Hails Tinubu On Rights Protection, Nigeria First Policy
News

Fiscal Governance Lifeblood Of National Development— Tinubu

3 days ago
Labour Institute’s DG Hails Tinubu On Rights Protection, Nigeria First Policy
News

At BRICS Summit,Tinubu Demands Reform Of Global Financial, Health Systems

4 days ago
LG Launches “Radio Optimism” Campaign
News

LG Launches “Radio Optimism” Campaign

4 days ago
Oil Prices Uncertainty Frustrates Nigeria’s $5bn Loan Deal With Saudi Arabia
News

Oil Prices Uncertainty Frustrates Nigeria’s $5bn Loan Deal With Saudi Arabia

4 days ago
Next Post
Economic Challenges And CBN’S Policies

[EDITORIAL] Need To Effectively Coordinate Monetary And Fiscal Policies

Most Recent

Trump Cryptocurrency Drops Amid US Tariff Backlash

Trump Threatens 10% Tariff On Countries Aligning With BRICS

July 7, 2025
China Hits US With Retaliatory Tariffs, Launches Probe Into Google Practices

China Responds To Trump’s Tariff Threat Against BRICS-Aligned Countries

July 7, 2025
CBN Unveils New Liquidity Instruments For NIFIs

CBN Clarifies BVN Fee For Nigerians In Diaspora

July 7, 2025
Labour Institute’s DG Hails Tinubu On Rights Protection, Nigeria First Policy

Fiscal Governance Lifeblood Of National Development— Tinubu

July 7, 2025
Labour Institute’s DG Hails Tinubu On Rights Protection, Nigeria First Policy

At BRICS Summit,Tinubu Demands Reform Of Global Financial, Health Systems

July 7, 2025
LG Launches “Radio Optimism” Campaign

LG Launches “Radio Optimism” Campaign

July 7, 2025
Are Africans Genetically Inferior?

Are Africans Genetically Inferior?

July 7, 2025
Jaiz Bank Lifts NYSC Camp Spirit With Thrilling Football Match

Jaiz Bank Lifts NYSC Camp Spirit With Thrilling Football Match

July 7, 2025
Advertise with us

© 2024 | National Economy

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy

© 2024 | National Economy