US gives Nigeria N458bn to reduce poverty by 2020

dimeji akinloye

October 5, 2015 7:30 PM

The agreement is expected to cover activities aimed at reducing extreme poverty in a more stable and democratic society between 2015 and 2020.

US gives Nigeria N458bn to reduce poverty by 2020.

The United States has given the Nigeria $2. 3 billion (N458 billion) to reduce poverty in the country by 2020, report said.

The Federal Government received the money through the US Agency for International Development in a developmental assistance agreement signed by vice president, Yemi Osinbajo and USAID/Nigeria director, Michael Harvey on Tuesday, September 29, at the Presidential Villa in Abuja.

According to Harvey, these activities will stimulate inclusive economic growth, promote a healthier, more-educated population, and strengthen good governance.

“This agreement will provide a solid foundation for our two countries to partner together to reduce inequalities across the country,” Harvey said.

The agreement will also align Nigeria’s development plans with sector-specific strategies in various ministries including: health, agriculture, powerand state level government counterparts.

This US/Nigeria agreement is believed to have been facilitated by President Muhammadu Buhari’s visit to the US and his participation at the United Nations General Assembly in New York.

dimeji akinloye