Zainab Shamsuna Ahmed, the finance minister of Nigeria, was on Thursday, March 21, appointed by the Africa Union (AU) in Addis Ababa, Ethiopia, as the chairperson of the Board of Trustees (BoT) of its peace fund.
This Day reports that the board is made of five members drawn from each region of the continent. The board also has non-African members (United Nations and European Union) as international partners.
According to the report, the finance minister represents the Western African sub-region on the board.
The report quoted a statement by the special adviser to the minister on media and communications, Paul Ella Abechi, as saying Ahmed expressed appreciation and commitment towards achieving the agenda of the special fund.
Accordingly, it was learnt that the protocol relating to the African Union Peace and Security Council (PSC) provides for the establishment of a special fund to be known as the “peace fund”.
This fund comes with the objective of providing the necessary financial resources for peace support missions and other operational activities related to it in Africa.
According to the report, the peace fund is meant for the prevention and management of conflicts, and the promotion of peace in Africa.
It also said the board of trustees was established by the assembly of the union in July 2016, to ensure strategic coherence, enhanced governance, financial and administrative oversight of the peace fund.
Legit.ng earlier reported that Zainab Ahmed, in September 2018, assumed duty 72 hours after President Muhammadu Buhari picked her to oversee the ministry following the resignation of Kemi Adeosun on, September 14.
Until her appointment, Ahmed was the minister of state, budget and national planning.
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