Nigeria seals $2.3bn poverty reduction deal with US
Nigeria has signed a $2.3 billion poverty reduction agreement with the United States Government.
Vice President Yemi Osinbajo last week signed the agreement of behalf of Nigeria while the United States Agency for International Development (USAID) Head of Mission in Nigeria Michael Harvey signed for the US.
Senior Special Assistant to Osinbajo on Media and Publicity Laolu Akande, in a statement yesterday, quoted his principal as saying: “Coming from the United States, this is particularly heartening and we are pleased the US is able to do this.”
The statement said the $2.3bn deal would cover activities from 2015 to 2020 with the objective of helping Nigeria reduce extreme poverty in a more stable and democratic society.
According to the statement, the agreement is expected to stimulate inclusive economic growth, promote a healthier and moreeducated population as well strengthen good governance.
The vice president was quoted as saying that the Federal Government welcomed the $2.3bn US government assistance over the next five years that would support President Muhammadu Buhari administration’s programme to combat extreme poverty among Nigerians.
Harvey, who signed the agreement on behalf of the United States in the presence of American Embassy Acting Deputy Chief of Mission, Shawn Flatt, said it would provide a solid foundation for both countries to partner in reducing inequalities.