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 Osinbajoand USAID/Nigeria director, Michael Harvey on Tuesday, September 29, at the Presidential Villa in Abuja.
The agreement is expected to cover activities aimed at reducing extreme poverty in a more stable and democratic society between 2015 and 2020.
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.
The agreement is expected to cover activities aimed at reducing extreme poverty in a more stable and democratic society between 2015 and 2020.