Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Nigeria to contribute $17m to AU budget in 2015

28 June 2014, 16:34

Abuja - Nigeria is to contribute 16.96 million dollars to the 522 million-dollar African Union (AU)  budget for 2015 as adopted in Malabo on Friday.

The 23rd Ordinary Session of the Assembly of the Union in Malabo adopted the budget on the last day of this week’s AU summit.

Documents made available in Malabo showed that Nigeria's assessed contribution is 699,421 higher than the 2014 figure of 16.2 million dollars.

The contribution of the 54-member AU member states to the 2015 budget is 131 million dollars compared to the 126 million dollars in 2014.

Nigeria is responsible for about 17 percent of the operational budget of the AU and the 2015 budget.

According to the current scale of assessment, 65 per cent of the 131 million dollars contribution would be assessed on the five main contributors including Nigeria, Algeria, Egypt, Libya and South Africa.

International partners would contribute 72 per cent of the budget (225.5 million dollars) while 10.9 million dollars, 4.7 million dollars and 205,000 dollars would be drawn from the reserve fund, acquisition and property fund, and the women fund respectively.

A breakdown of the approved budget showed that the AU would spend 142.6 million dollars for operational budget and 379.4 million dollars on programmes.

The 2015 budget framework focuses on the five pillars of the AU strategic plan including peace and security, socio-economic development, integration, capacity building and communications.

At the closing ceremony of the AU summit on Friday, President Mohammed Abdel Aziz of Mauritania, the AU Chairperson, called on member states to take necessary measures on the alternative sources of funding the AU.

Aziz expressed concern on the union's over-dependence on international partners to fund the organisation's programmes.

Nigeria’s Minister of Foreign Affairs, Amb. Aminu Wali, in a statement read at the Executive Council of the Union prior to the adoption of the budget, decried the over dependence on partners.

He noted that the 2015 budget increased level of dependence on international partners was "alarming’’ and required urgent attention from the union.

"If we do not depend on international partners this much at our national levels, I believe we can replicate same at the continental.

"Today, Africa's economic growth has been exponential with the discovery and exploration of new resources in some countries, the development of domestic markets in some and industrialisation in some others.

"With some rising revenues in these countries, we can as well increase our stake in financing the union, while expediting actions on modalities towards reducing dependence on international partners for funds’’, he said.

The AU Assembly meeting in Malabo, the Nigeria delegation had recommended an expeditious conclusion of work on the recommendations of the President Olusegun Obasanjo panel on the alternative sources of funding the AU.

The proposal to urgently widen the revenue base of the union by Nigeria was seconded by Senegal and Rwanda.

The report of the Obasanjo panel was adopted since May 2013 and some of their recommendations to raise additional funds for the AU included hospitality tax on hotel bookings and tax on airline tickets.

A Nigerian diplomat, familiar with the recommendations, said that "there are clear indications that some countries are out to kill the process and

"Some countries that are dependent on tourism had shown limited interest on some of the key recommendations of the panel’’, the diplomat added.


For the latest on national news, politics, sport, entertainment and more follow us on Twitter and like our Facebook page.


Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...