The U.S. Agency for International Development (USAID), has announced to provide Nigeria with $92.73 million. The aid will be in addition to the five-year $2.3 billion agreement signed with the Nigerian Government in 2015 for developmental assistance, bringing the total of development assistance provided to Nigeria by the U.S. to $474.74 million.
USAID Mission Director, Michael Harvey, stated that the funding is aimed at reducing poverty in the country, stimulate economic growth and promote a healthier and educated population. This is reflected in USAID’s collaboration with the Nigerian Ministry of Budget and National Planning, the Nigerian ministries of health, agriculture, power, and education. Mr Harvey stated ”This funding will continue to help Nigeria reduce extreme poverty in a more stable, democratic society. Activities will stimulate inclusive economic growth, promote a healthier, more educated population, and strengthen good governance.”