The US Government will give the sum of $92.73m in developmental assistance. This is to support the five-year $2.3bn agreement signed with the Federal Government in 2015.
The US Embassy said the funding is being provided through the U.S. Agency for International Development (USAID). It explained that the money will bring the total of development assistance provided in the agreement to $474.7m.
The funding will help Nigeria reduce extreme poverty in a more stable, democratic society. It will also stimulate inclusive economic growth, promote a healthier, more educated population, and strengthen good governance.
USAID had collaborated with the Federal ministries of Budget and National Planning, Health, Agriculture, Power, and Education in an effort to align Nigeria’s development plans with sector-specific strategies.
The body also collaborated with state-level government counterparts to structure the agreement, which is in place until 2020.