Foreign aid for Nigeria
The open question still is, "If you pour money into a corrupt system, where will it go?"European Union gives Nigeria $1bn 'for peace'
The European Commission has signed a $1bn (£602m) development pact with Nigeria, aimed at tackling corruption and promoting peace.
A substantial amount of the funding will be spent on resolving conflict in the oil-rich and crime-plagued Niger Delta, the EU's development chief said.
The money will also target electoral reform and improving human rights.
But correspondents say many Nigerians will doubt the money will get to its intended targets...
$1 BILLION EU FUNDS
25%: peace and security
44%: governance and human rights
16%: trade, region integration and energy
15%: environment, health, culture and sciences
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Labels: corruption, economics, Nigeria
posted by Ken Wedding @ 7:20 AM
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