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Uk Aid Cuts: Do We Really Need To Lose Our Sleep?
Source: Prof. Jideofor Adibe
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The recent announcement that the UK would slash the funding for overseas aid from 0.7 per cent of its Gross National Income to 0.5 per cent has generated angsts in some quarters. Though the British Foreign Secretary Dominic Raab promisedlegislation after admitting that the cut would be unlawful without it, vote on it at the Parliament was shelved and may actually not take place at all. It should be recalled that the country had in 1970 pledged to spend 0.7 per cent of its national income on aid as part of a United Nations pact in which 30 wealthy countries, including Britain, Germany and Japan vowed to meet this commitment each year. In 2015 Britain enshrined this into law. This led for instance to the country spending 15 billion pounds on aid in in 2019, an increase of 645 million pounds over the previous year which met the 0.7% U.N. target.It should however be noted that ....

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