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History of Oil and Gas in Nigeria

In: Historical Events

Submitted By malquisoft
Words 750
Pages 3
Matric No. 1. Ede Mercy 2. Oluwa E. Roseline 33678 3. Governor obokparo 35093
The advent of the African Union (AU) can be described as an event of great magnitude in the institutional evolution of the continent. On 9.9.1999, the Heads of State and Government of the Organization of African Unity issued a Declaration (the Sirte Declaration) calling for the establishment of an African Union, with a view, inter alia, to accelerating the process of integration in the continent to enable it play its rightful role in the global economy while addressing multifaceted social, economic and political problems compounded as they are by certain negative aspects of globalization.
Cooperation goes well beyond the confines of development policy to embrace issues of global political importance such as migration, climate change and peace and security.
Three profile areas have now been identified for development cooperation with sub-Saharan African states: Good governance Sustainable economic development Water Alongside cooperation with individual African states the promotion of regional and pan-African organizations is becoming increasingly important. Between 2004 and 2007, funding for development cooperation with Africa was increased by 34 per cent. If we include debt cancellation, funding in fact rose by 56 per cent. For 2009, pledges worth 1.1 billion euros are planned for sub-Saharan Africa. Cooperation between Germany and regional organizations within Africa With the founding of the African Union (AU) in July 2002, the states of Africa recognized their own responsibility for democracy, human rights and all- round good governance. The growing cooperation among African states offers excellent opportunities to avoid regional conflicts in future, and to resolve those that arise nevertheless. It thus marks a major contribution to ensuring peace and security....

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