The United States government through the United States Agency for International Development (USAID) has approved $2.3billion assistance aimed at fighting extreme poverty in Nigeria.
The agreement will provide a solid foundation for both countries to partner together to reduce inequalities across the country.
The $2.3 billion agreement comes on the heels of President Muhammadu Buhari’s July visit to Washington, DC.
It noted that the agreement covers activities from 2015 through 2020 and aims to help Nigeria reduce extreme poverty in a more stable, democratic society.
The statement reads in part: “The United States of America, through the US Agency for International Development (USAID), and the Federal Republic of Nigeria signed a developmental assistance agreement covering the next five years.
“Nigerian Vice President Yemi Osinbajo and USAID, Nigeria Director Michael Harvey signed the agreement during a ceremony on September 29 at Aso Rock Villa.”
The statement said that the 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,” said Mr Harvey.
“I commend the Vice President and National Planning Commission for their leadership and support of the activities under this agreement,” he added.