Nigeria to lose over 50% of UK aid as US, Europe slash foreign assistance
2 per cent cut in development aids to Nigeria, following the massive reduction by the British government in overseas assistance to enable it fund domestic priorities and increase defence spending.
Global retreat from foreign aid The UK’s aid cut is not happening in isolation as it reflects a wider retreat by Western governments from traditional grant-based aid since they grapple with domestic economic pressures, rising defence spending and shifting foreign policy priorities.3 per cent of GNI is the deepest cut among G7 nations and effectively ends a 15-year commitment to the UN aid target.
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