US disburses $162M to Nigerian gov't

The United States has released $162 million to assist Nigeria’s development, particularly in the Niger Delta region. The money is the most recent installment of the $845 million that the U.S. Agency for International Development has promised to give to the West African state until 2009. According to USAID Mission Director Sharon Cromer, the agency had redeemed the $162 million for this year to aid the country in implementing the National Economic Empowerment and Development Strategy (NEEDS). ?I am pleased to say that USAID?s current strategy for Nigeria is closely aligned with the objectives of NEEDS. Our strategy strives to improve the lives of Nigerians through strengthening democratic institutions, reducing conflict, enhancing agriculture and economic growth, improving social sector service delivery and reducing poverty,” Cromer said. To date, the agency has already given the Nigerian government a total of $477 million in financial aid.

Source: Nigeria gets $847m USA grant to implement NEEDS (Vanguard Media)

About the author

Join the Discussion