Nigeria Tasks AU on Innovative Financing to Strengthen Peace, Security
Michael Olugbode in Abuja Nigeria has called on the African Union (AU) to develop innovative and sustainable financing mechanisms capable of strengthening the continent’s ability to prevent and resolve conflicts
The Minister of Foreign Affairs for Nigeria, Ambassador Bianca Odumegwu-Ojukwu, has urged the African Union (AU) to develop innovative and sustainable financing mechanisms to strengthen the continent’s capacity to prevent and resolve conflicts without excessive dependence on external funding. At the 26th Extraordinary Session of the Executive Council of the African Union in Luanda, Angola, Odumegwu-Ojukwu commended the progress made in strengthening the AU Peace Fund, which had reached $405 million in balance and surpassed its original $400 million capitalization target.
She stressed that contributions to the Fund should be seen as investments in Africa’s collective security and sovereignty, warning that unpredictable funding could undermine African-led peace operations.
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