Hardship

EU Advised Governments To Attack Poverty With Financial Interventions.

The European Union has called on the Federal and State Governments to increase financing for social protection interventions, “as it is critical to reducing poverty across the country.”

According to a statement by the commission on Saturday, the Head of Cooperation of the EU Delegation to Nigeria and ECOWAS, Massimo De Luca, made the call on Friday, during the third edition of the Social Protection Cross-Learning Summit in Abuja.

The summit was organised by the Federal Ministry of Finance in collaboration with the Social Protection Development Partner Group with the theme: “Social Protection Towards Human Capital Development.”

According to De Luca, social protection plays a critical role in human capital development by providing safety nets that ensure access to essential services such as education, health, and nutrition, including contributing to economic stability, poverty reduction, and inclusive growth, laying a strong foundation for the overall development of the country.

He reiterated the commitment of the EU to collaborating with the Federal Government towards addressing issues around poverty in the country.

He said, “The EU is supporting Nigeria’s social protection sector to the tune of €46 million in its 2021 to 2027 programming, to support system strengthening and design of social safety nets programs.

Source | Punch