BreakingNews 20/12/16 - US provides $227million aid for poverty reduction in Nigeria

[ Masterweb Reports: Abdullateef Salau reports ] - The United States government, through its Agency for International Development (USAID) has provided $227.3 million additional developmental assistance to support the five-year $2.3 billion agreement signed with the Nigerian Government in 2015. 


This brings the total provided under the agreement to $702 million, according to a statement from the US embassy in Abuja.


The new funding would continue to help Nigeria reduce extreme poverty by stimulating inclusive economic growth, promoting a healthier, more-educated population, and strengthening good governance, it added.


The statement quoted the US ambassador to Nigeria,  W. Stuart Symington as saying, "Today we are pleased to announce new funding under the agreement signed with the Nigerian Government in 2015 to provide better access to education and health services and promote democracy and economic growth."


 "With the Nigerian Government's leadership, we know this funding will significantly improve the wellbeing of Nigerians," he added.


USAID collaborated with the Nigerian Ministry of Budget and National Planning; the Nigerian Ministries of Health, Agriculture, Power, and Education; and state-level government counterparts to structure the agreement, which will run through 2020. 


In addition to development assistance funding, the United States is providing humanitarian assistance to people affected by the ongoing conflict and severe food insecurity in northeastern Nigeria and throughout the Lake Chad Basin. 


The United States has provided more than $291 million in humanitarian assistance since fiscal year 2016 and continues to be the single largest bilateral humanitarian donor to the region 


*Photo Caption - Dollar bills

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