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EU Urges Nigeria to Invest in Social Protection to Combat Poverty

Nnaemeka OkwarabyNnaemeka Okwara
June 29, 2024
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EU Urges Nigeria to Invest in Social Protection to Combat Poverty
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The European Union has called on the Federal Government of Nigeria to increase financial investments in social protection interventions, emphasizing their critical role in reducing poverty and promoting human capital development.

Speaking at the third edition of the Social Protection Cross-Learning Summit in Abuja, Massimo De Luca, Head of Cooperation of the EU Delegation to Nigeria and ECOWAS, stressed the importance of social protection in providing safety nets and supporting the most vulnerable households.

With Nigeria’s poverty rate standing at 46% according to the World Bank’s 2023 report, De Luca emphasized the need for investments in social protection, fostering resilience and ensuring equal opportunities for all individuals to contribute to society.

The EU has committed €46 million to support Nigeria’s social protection sector from 2021 to 2027, focusing on system strengthening, social safety nets, and shock responsive social registers. The intervention will also target climate change affected communities in three states in the North East.

The summit, organized by the Federal Ministry of Finance and the Social Protection Development Partner Group, aimed to promote social protection as a fundamental pillar for human capital development, economic stability, and inclusive growth.

Tags: EUEU Urges Nigeria to Invest in Social Protection to Combat Povertyfederal charactergovernmentNewsNigeriapoverty
Nnaemeka Okwara

Nnaemeka Okwara

Okwara Nnaemeka Emmanuel is a skilled wordsmith, passionate blogger, and content writer with a degree in Media Content, He has made a significant mark in the industry. He also holds certification in Marketing and advertising. He has honed a unique blend of creativity and strategic thinking.Driven by a belief in the power of creativity, He has established a niche for himself in diverse regions, leaving a trail of successful projects and satisfied clients. His ability to craft compelling narratives and engage audiences sets him apart in the competitive world of content creation.As a dedicated professional, He continues to push boundaries and set new landmarks in their field. Whether it's through captivating blog posts, persuasive copywriting, or innovative content strategies, Nnaemeka’s consistently delivers excellence, leaving a long lasting impact

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