Nige­ria seals $2.3bn poverty re­duc­tion deal with US

Daily Trust - - NEWS - By Isi­aka Wak­ili & Ab­dul­la­teef Salau

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.

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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.

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