Nigeria has successfully fulfilled its financial responsibilities to the African Union by making the full payment of its assessed contributions for the year 2023.
This was made known in a statement by the Director of Information, State House, Abiodun Oladunjoye, on Saturday.
According to the statement, this was confirmed by the Permanent Secretary of the Ministry of Foreign Affairs, Ambassador Adamu Ibrahim Lamuwa, during the 43rd Ordinary Session of the Executive Council of the AU held in Nairobi.
Nigeria is among the key financial contributors to the AU, alongside four other member-states.
The AU’s budget for 2023 amounts to $654.8 million, primarily funded through annual statutory contributions, voluntary contributions from development partners, and other miscellaneous income. Development partners play a vital role in supporting the AU’s budget, covering approximately 67 per cent of the total amount, while member-states, including Nigeria,…
