United States and Nigeria sign $2.3billion agreement to reduce poverty

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The United States of America, through the U.S. Agency for International Development (USAID), and the Federal Republic of Nigeria have signed a developmental assistance agreement covering the next five years.

Nigerian Vice President, Yemi Osinbajo and USAID/Nigeria Director Michael T. Harvey signed the agreement during a ceremony on September 29 at Aso Rock Villa.

U.S. Embassy Acting Deputy Chief of Mission, Shawn E. Flatt was also present.


The $2.3 billion agreement comes on the heels of President Muhammadu Buhari?s visit to Washington, D.C in July.

The agreement covers activities from 2015 through 2020 and aims to help Nigeria reduce extreme poverty in a more stable, democratic society.

Its 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 at the signing.