Buhari Receives N71.5B to Battle Poverty in Nigeria from the United States

Mr. Stuart Symington, the U.S. Ambassador to Nigeria, made an announcement in a statement issued to newsmen on Tuesday in Abuja, that the United States Agency for International Development has announced $227.3m (about N71.5 billion) additional developmental assistance to support the five-year $2.3bn agreement signed with the Federal Government in 2015.

The $227.3m, according to him had brought the total provision under the agreement to $702m. He revelead that:“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 “We know this funding will significantly improve the well being of Nigerians.”

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He said that USAID would collaborate with some federal and state ministries to structure the agreement, which would run through 2020. He listed the federal ministries to include Budget and National Planning, Health, Agriculture, Power, and Education.

The envoy said that the U.S. was also providing humanitarian assistance to people affected by the Boko Haram crisis and food insecurity in the North East and the Lake Chad Basin. He said that the U.S. provided more than $291m in humanitarian assistance to Nigeria in 2016, adding that his country remains the single largest bilateral humanitarian donor to Nigeria.

According to him, the additional funding is  to help Nigeria reduce extreme poverty by stimulating inclusive economic growth, promote healthier, more educated population, and strengthen good governance.

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