US Gives Nigeria $2.3b To Fight Poverty | Independent Newspapers Limited
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US Gives Nigeria $2.3b To Fight Poverty

Posted: Oct 5, 2015 at 12:26 am   /   by   /   comments (1)

By Chesa Chesa Abuja

Nigeria and the United States of America have signed an agreement that will see the federal government getting $2.3billion assistance from Washington towards tackling extreme poverty in the country.

Senior Special Assistant to the Vice-President on Media and Publicity, Laolu Akande, disclosed this in a statement on Sunday, explaining that the money would be channelled through the United States Agency for International Development (USAID) over the next five years.

He said Vice-President Yemi Osinbajo signed the agreement on behalf of the Federal Government while the USAID Head of Mission in Nigeria, Michael Harvey, signed on behalf of the US government during a meeting at the Presidential Villa, Abuja last week.

Osinbajo had noted during the signing ceremony that since President Mohammadu Buhari’s visit to the US and his meeting with President Barack Obama last July, Nigerian government has seen better cooperation from the US.

The Vice-President also noted that there has been great deal of interaction on how the present administration intends to implement its agenda, saying the interaction is because the US wanted the government to succeed.

He said: “The issue of the extreme poverty of a vast majority of Nigerians is a very important issue for us; it is at the heart of our economic policy, at the centre of our agenda. You can’t have that vast number of poor people and don’t plan around that and for us, this is crucial, and absolutely important.”

Osinbajo praised the inclusion of the North-East among the areas of focus in the agreement, adding that there was a consensus in government to address the problem of out-of-school children and the observed drop in enrolment figures in parts of the nation.

Akande further explained that the $2.3billion assistance would cover activities from 2015 through 2020 with the objective of helping Nigeria reduce extreme poverty in a more stable, democratic society.

It is expected to stimulate inclusive economic growth, promote a healthier, more-educated population, and help strengthen good governance.

Comments (1)

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