United States Agency for International Development (USAID) on Monday, announced $227.3 million in additional developmental assistance to support the five-year $2.3 billion agreement it signed with the Nigerian government in 2015.
This brings the total provided under the agreement to $702 million, the US embassy in Abuja said Tuesday in a statement.
The new funding is expected to continue to help Nigeria reduce extreme poverty by stimulating inclusive economic growth, promoting a healthier, more-educated population, and strengthening good governance.
In addition to development assistance funding, the US is providing humanitarian assistance to people affected by the ongoing conflict and severe food insecurity in northeastern Nigeria and throughout the Lake Chad Basin.
The country has provided more than $291 million in humanitarian assistance since fiscal year 2016 and continues to be the single largest bilateral humanitarian donor to the region.
“Today 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” said Stuart Symington, who is US ambassador to Nigeria.
“With the Nigerian Government’s leadership, we know this funding will significantly improve the wellbeing of Nigerians,” he added.
USAID collaborated with the Nigerian ministry of budget and national planning, the Nigerian ministries of health, agriculture, power, and education, as well as state-level government counterparts to structure the agreement, which will run through the year 2020.
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