The UK government has announced a significant 50.2% reduction in development aid to Nigeria, dropping the allocation from £136.62 million in 2025-2026 to £68 million by 2028-2029. This decision is part of a broader strategy to cut overseas assistance to fund domestic priorities, including increased defense spending. Other countries, including the US and Germany, are also scaling back their aid budgets, impacting 34 African nations, some facing cuts as high as 92.5%. The UK aims to reduce its Official Development Assistance (ODA) budget to 0.3% of Gross National Income by 2027, down from 0.7%. Foreign Secretary Yvette Cooper acknowledged the difficult nature of these decisions but emphasized that the UK remains committed to its values and will pursue modernized partnerships to address pressing global issues. The FCDO's new three-year plan reflects a dynamic approach to aid allocation, responding to changing global needs and crises.
NigeriaNewsFeed summary based on reporting from Vanguard News.
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