Nigeria: Nigeria to Lose Over 50% of UK Aid As U.S., Europe Slash Foreign Assistance

***Allocation falls to £68m by 2029 The United Kingdom has announced a 50.2 per cent cut in development aids to Nigeria, following the massive reduction by the British government in overseas assistance to enable it fund domestic priorities and increase defence spending. The move comes as the US, Germany and other European countries scale back aid budgets to fund defence spending and other domestic economic programmes. Keep up with the latest headlines on WhatsApp | LinkedIn According to figures released by the Foreign, Commonwealth and Development Office, FCDO, in its 2025-2026 Annual Report and Accounts, Nigeria's allocation will drop by 50.2 per cent to £68 million in the 2028-2029 financial year, down from £136.62 million in 2025-2026 under a new three-year plan. The cut is part of a br