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Macroeconomy
Nigeria to lose over 50% of UK aid as US, Europe slash foreign assistance
Vanguard
Aug 5, 2026 · 05:52 WAT
The United Kingdom plans to cut development assistance to Nigeria by 50.2 per cent as it reduces overseas aid to fund domestic priorities and higher defence spending. The report places Nigeria among countries facing reduced support from the UK, US and Europe, with potential implications for development financing.