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The evaluation report starts off by explaining the context of the agreement, and then goes on to reveal the consequences for the Nigerian economy, and the impact on poverty reduction in Nigeria.
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This report covers the evaluation of the cooperation strategy of the EC with the Federal Republic of Nigeria and its implementation in relation to the Country Strategies and National Indicative Programmes of the 7th and 9th European Development Funds.
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In spite of the relatively small weight of its financial contribution in comparison with Nigeria’s earnings from oil, the Bank carried a great deal of influence as a source of objective advice and as a means of influencing perceptions of Nigeria.
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This Country Assistance Evaluation will cover the strategy, program and outcomes of Bank assistance over nine years. This is the period of the restoration of democratic government in Nigeria following the death of General Abacha.