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The US Government has announced the sum of $92.73m
in developmental assistance to support the five-year
$2.3bn agreement signed with the Federal Government in
2015.
The U.S. Embassy in a statement on Tuesday in Abuja
said that the amount was being provided through the
U.S. Agency for International Development.
The embassy explained that the money brought the total
of development assistance provided in the agreement to
$474.74m.
He said, “This funding will continue to help Nigeria
reduce extreme poverty in a more stable, democratic
society.
“Activities will stimulate inclusive economic growth,
promote a healthier, more educated population, and
strengthen good governance.”
It quoted the USAID Mission Director, Michael Harvey as
expressing the confidence that the funding would have
positive impact on Nigerians.
It said, “Today we are pleased to contribute additional
funding in support of the agreement signed with the
Nigerian Government in 2015.
“With their leadership we know this funding will have a
significant impact on the well-being of Nigerians.”
The statement also said that said USAID had
collaborated with the Federal ministries of Budget and
National Planning, Health, Agriculture, Power, and
Education in an effort to align Nigeria’s development
plans with sector-specific strategies.
The statement said that USAID also collaborated with
state-level government counterparts to structure the
agreement, which was in place until 2020.
It said, “In addition to the developmental funding, the
U.S. provides humanitarian assistance to people affected
by the ongoing conflict and severe food insecurity in
Nigeria and throughout the Lake Chad Basin.
“Since fiscal year 2015, the U.S. has provided more than
366 million dollars in humanitarian assistance and
continues to be the single largest bilateral humanitarian
donor to the region.”
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| Article Name | US Government Gives Nigeria $ 92. 73Million To Fight Poverty |
| Description |
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| Author Name | Head Admin |
| Published On | 10/11/2016 |
| Post Category |
NEWS AND GOSSIP
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