Breaking News
USA Doles Out $92.73m to Reduce Poverty in Nigeria
John Iwori
The United States of America (USA) has announced $92.73 million in additional developmental assistance to support the five-year $2.3 billion agreement signed with the Nigeria Government in 2015.
The amount announced by USA Government brings the total of development assistance provided to $474.74 million. The money was provided through the U.S. Agency for International Development (USAID).
The USAID, Mission Director, Michael Harvey in a statement in Lagos stated that this funding will continue to help Nigeria reduce extreme poverty in a more stable and democratic society.
Continuing, Harvey said: “Activities will stimulate inclusive economic growth, promote a healthier, more-educated population, and strengthen good governance. 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 wellbeing of Nigerians”.
In an effort to align Nigeria’s development plans with sector-specific strategies, USAID collaborated with the Nigerian Ministry of Budget and National Planning; Health, Agriculture, Power, and Education; and state-level government counterparts to structure the agreement, which is in place until 2020.
In addition to the developmental funding, the USA provides humanitarian assistance to people affected by the on-going conflict and severe food insecurity in Nigeria and throughout the Lake Chad Basin.Since fiscal year 2015, the USA has provided more than $366 million in humanitarian assistance and continues to be the single largest bilateral humanitarian donor to the region.
According to its official website, the USAID partners to end extreme poverty and promote resilient, democratic societies while advancing our security and prosperity. In its partnership with Nigeria, the USA strengthens social stability through social services, supports transparent and accountable governance, promotes a more market led economy, and enhances Nigeria’s capacity as a responsible regional and trade partner.
