Senior Special Assistant to the Vice President on Media and Publicity, Mr. Laolu Akande, disclosed in a statement on Sunday that the Federal Government has signed a $2.3bn assistance agreement aimed at fighting extreme poverty with the United States Agency for International Development, USAID.
Akande said the agreement would help the Nigerian Government combat extreme poverty in the nation over the next five years.
Vice-President Yemi Osinbajo was said to have signed the agreement on behalf of the Federal Government while the USAID Head of Mission in Nigeria, Mr. Michael Harvey, signed on behalf of the US government during a meeting at the Presidential Villa, Abuja, last week.
He said:
“The issue of the extreme poverty of a vast majority of Nigerians is a very important issue for us. It is at the heart of our economic policy. You can’t have that vast number of poor people and don’t plan around that and for us this is crucial and absolutely important,” Osinbajo was reported to have said.
He promised that the present administration would continue to lead a transparent and an open government, improve the economy and address the drop pout rates of school children.
The USAID director said the agreement would provide a solid foundation for the two countries to partner to reduce inequalities across the country.

43 comments:
Our future looks so bright
Good achievement
Mr Akande did not tell us whether it is a loan or a grant. These things should be made clear
They need to provide jobs too. Another way of combating poverty rates and give basic monthly allowance to eligible Nigerians who are 18 years and above . Nigeria has potentials but they need a structure.
Good one so I should be execting alert from the federal government anytime soon...they must share this money cus its for the masses
Days a good one! Linda take note!
Days a good one! Linda take note!
Oga I beg share this money round 150k each Nigerian
These Guys are not serious! Your government should release our stolen Funds in your country, especially that of Abacha that alone will go a long way to solving our problem and stop pretending like you are helping us... #USAIsKill OurCountry
Buhari Keep taking loan... And I hope your blind followers will not say that you didn't take a kobo loan while in office.
And you are taking this to rebuild the north that your moslem faithfuls are still bombing in the name of your pagan god allah/
I spit on you.
Hmmmmm only God knows there this money will go.
Buhari the terrorist
#sad indeed
Hmmmmm only God knows there this money will go.
Buhari the terrorist
#sad indeed
An what's the catch? Abi na free
wow thanks to them
Wow!thats a good one.Change is here
Hope they use it wisely!!!!
A large portion of that money would go to the North, cos like the Bauchi governor said, "Poverty wears a Northern face."
Loan or free?
I pray the money is put to good use.
Hmmmmm! America dnt do tins 4 free ooooo!!! Hop buhari has nt promise dem 2 sign d gay law in 9ja?
Oh well...!
Oh well...!
Nigeria is indirectly been ruled by D US
did you say $2.5bn? hahahaha!my ribs! when one political thief in nigeria has more than thrice that amount stashed away in foreign banks.that money should be to countries like Chad,Niger,Benin Rep,Mali etc.Nigeria is rich enough to take care of her citizens,enough of this insults
Pondering what I'm pondering
I guess the insult you mean is the ones we give ourselves
Putting us into more slavery and debt... senseless leaders
Let's hope. He won't applly it lopsidedly when the money arrives.
This is another means for USA to control Nigeria, nobody or country gives money for free, i hope there is no gay policy embedded in such deal or rather it is a loan we signed for. the same USA through the world bank devalues the Naira and we still go back there and ask for money or aid. Nigeria can handle themselves if only our leaders can make the right decisions for us.
This is Awesome!!!! Now all we have to do is add the $6billion Deziani stole, the $3billion from Kola Aluko, the $4billion from that other guy with 2 first names and the $300billion from all the other past govs and ministers and we will be balling!!!!!!!!!!!!! We don hammer!!!!!!!! #timetorocknaija!!!!!
Don't mind the idiots. I hate the way they portray Nigeria as needing all this help when there's so much of our oil money floating around out there.
Yeeeeepa!!!! My people guard your buttholes!!!!! The Americans are coming!!!!!
May the good Lord bless you for this statement.
Eeeeerrrr......I would think what we needed to do to alleviate poverty in this country was retrieve stolen funds. Not get more loans. Or am I not getting something???
Nigeria is being ruled indirectly by the USA like someone said, besides it is unheard that the USA will do anything for free o! If the USA releases Abacha's loot alone ,that will be able to go round the masses
This is a Greek gift but we have no choice than to receive it.
Bless you! I'm there that there's a catch
Hope nothing is tied to that money o. Abi na loan?
#TeamBlessed#
Hope nothing is tied to that money o. Abi na loan?
#TeamBlessed#
You dare abuse Allahu? Allah is the Arabic word for God as Chineke is Ibo word for God. This is serious when people start abusing God. Ask for forgiveness asap.
Hope they funds will be appropriated equally into poverty alleviation.
Donations never eradicate poverty, they only increase it. Counter-intuitive but true.
The US granting this means they are not ready to erase poverty in Nigeria and through doing this would only put us in more debt to our foreign colonialists.
What is the money for? Where is the MOU? Please publish it for us to see. We want to know the entirety of what you agreed to and signed on our behalf. Also, if the US wants to eradicate poverty in poor countries, they should change their trade policies and treat developing countries as peers, not subordinates.
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