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    A petrol station worker fuels a car along Kimathi street on July 14 2019,after the Energy and Petroleum Regulatory Authority (EPRA) announced new retail pump prices of petroleum products effective from July 15 to August 14, 2019.price of super petrol increase by Sh0.29 per litre while diesel and kerosene decreased by Sh0.88 and SH2.31 per litre respectively.PHOTO|SILA KIPLAGAT

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    GEA/Mastercard Foundation Young Africa Works supports 3,000 Beneficiaries with Start-up Kits

    Akufo-Addo worried over impact of fertiliser shortage on poultry industry

    Nigeria begins processes to join Ghana-Côte d’Ivoire Cocoa Initiative

    Agribusiness Chamber demands resignation of Agric Minister over sector woes

    BoG Governor confident inflation has peaked; expects rate to start declining

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    Manufacture of petroleum products push PPI to 31.2% in April

    Nigeria begins processes to join Ghana-Côte d’Ivoire Cocoa Initiative

    Victor Yaw Asante, FBNBank Ghana MD

    Banks will continue to innovate to meet customers’ expectations – FBNBank’s MD

    6th CEO’s Summit pushes for ease of doing business law to boost economic growth

    Policy rate likely to be increased to tame inflation – Databank CEO

    Banking Consultant bemoans continuous charging of unfair fees by banks

    Chamber of IPPs disappointed over ECG’s tariff increase request

    A comprehensive storage strategy will deal with post – harvest losses & inflation – CSIR

    A petrol station worker fuels a car along Kimathi street on July 14 2019,after the Energy and Petroleum Regulatory Authority (EPRA) announced new retail pump prices of petroleum products effective from July 15 to August 14, 2019.price of super petrol increase by Sh0.29 per litre while diesel and kerosene decreased by Sh0.88 and SH2.31 per litre respectively.PHOTO|SILA KIPLAGAT

    NPA allays fears of fuel scarcity in the country

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    1.5% E-Levy rate will negatively impact GH¢6.9 billion target – Prof. Quartey

    Transactions to be affected by E-levy

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Nigeria: U.S. Supports Govt’s Fight Against Poverty With Additional U.S.$227.3 Million

bycitibusinessnews
December 22, 2016
in Africa, West Africa
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The United States of America has announced the release of $227.3million to help fight poverty in Nigeria.

The sum which was announced by the US Agency for International Development (USAID) was in addition to the US developmental assistance to support the five-year $2.3 billion agreement signed with the Nigerian Government in 2015.

According to the US, the additional fund now brings the total provided under the agreement to $702 million.

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In a statement from the Public Affairs Section of the US Mission in Abuja, the new funding would continue to help Nigeria reduce extreme poverty by stimulating inclusive economic growth, promoting a healthier, more-educated population, and strengthening good governance.

“Today, we are pleased to announce new funding under the agreement signed with the Nigerian Government in 2015 to provide better access to education and health services and promote democracy and economic growth,” the US Ambassador to Nigeria, Stuart Symington, was quoted as saying in the statement.

He added: “With the Nigerian Government’s leadership, we know this funding will significantly improve the wellbeing of Nigerians.”

The agreement, which would run through 2020, is structured by the USAID in collaboration with the Ministry of Budget and National Planning; Ministries of Health, Agriculture, Power, and Education and their counterparts at the state-level.

In addition to development assistance funding, the US is providing humanitarian assistance to people affected by the ongoing conflict and severe food insecurity in the North-eastern part of Nigeria and throughout the Lake Chad Basin.

The US has provided more than $291 million in humanitarian assistance in the 2016 fiscal year and continues to be the single largest bilateral humanitarian donor to the region.

–

Credit:All Africa

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