Fidelity bank banner Bayelsa State banner
Nigeria, Japan sign N642m grant aid project on economic, social development

By News Express on 22/11/2017

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 933

•Budget and National Planning Minister, Senator Udo Udoma
•Budget and National Planning Minister, Senator Udo Udoma

Nigeria and Japan on Tuesday signed a grant aid project on economic and social development worth N642 million. The amount would be provided by the Government of Japan.

 

The Minister of Budget and National Planning, Senator Udoma Udo Udoma signed on behalf of the Federal Government, while Japan’s Ambassador Extraordinary and Plenipotentiary to Nigeria, His Excellency, Mr Sadanobu Kusaoke signed for his home country.

The programme aims at exploring development strategies that will enhance competitiveness and support the Nigeria’s poverty reduction efforts. It is also meant to improve standard of living and ensure environmental sustainability, which is in line with the development priorities encapsulated in the Economic Recovery and Growth Plan (ERGP) [2017–2020] of the Buhari administration.

While signing the agreement, Udoma said that Nigeria was indeed grateful to the Government of Japan for its numerous interventions in various sectors of the country’s economy in support of its development aspirations; and particularly for aligning its intervention programmes with the ERGP.

He cited the signing last year of an Exchange of Note (E/N) with the Government of Japan on Emergency Improvement of Electricity Supply Facilities in Abuja, and commended the role Japan played in the development of the National Power Development Master-plan designed to guide the government on the optimal energy mix and efficiency for the country.

The Minister also thanked the Japanese government for the various technical assistance programmes offered in a wide range of skill-areas by that country’s government, and the implementation of other grant projects and programmes nationwide through the Japan International Cooperation Agency (JICA).

“The Economic and Social Development programme, for which we are here gathered this morning, is also one of such interventions in the sum of Y200,000,000.00 (approximately N642,204,315.79),” the Minister noted.

He assured of the Nigerian government’s commitment to working more closely with the Government of Japan to achieve sustainable economic development for the country. “We will also continue to explore development options, strategies and paradigms that will engender more mutually beneficial collaborations in support of our long-term friendship,” he added.

The Japanese Ambassador said that athough his home country’s government had been extending grant aids to Nigeria in different fields over the years, it considered the grant aid in health and agriculture particularly important because advanced pharmaceutical research and improved agricultural production have direct and positive impact on the quality of life and on inclusiveness of growth.

He said that in view of the demographic and social challenges facing Nigeria, Japan was convinced that the ERGP and the Budget and National Planning Minister have rightly put the agricultural sector among the top agenda.

“Echoing this thinking of our colleagues in Nigeria, Japan is working together with the Ministry of Agriculture and Rural Development for the efficient post-harvest processing of rice crop and improvement of its quality. I believe this processing method, when adopted widely in this country, could have a huge multiple impacts on job-creation and food security as well as the country’s external balance,” Ambassador Kusaoke said.

He also confirmed that in line with the Nairobi Declaration at TICAD VI last year, the Japanese government would provide $1.75 million for the equipment to the National Institute for Pharmaceutical Research and Development (NIPRD) and the Ministry of Agriculture and Rural Development. The equipment will be products of Japan’s highly-specialised small and medium sized enterprises.

Source News Express

Posted 22/11/2017 05:52:44 AM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25 minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
N3bn car loan to legislators: Bayelsa Govt, workers...

Herdsmen attacks: Stop chasing shadows, HURIWA tells FG...

Again, Marwa dumps PDP, eyes APC

Tension in Minna as Niger deputy gov’s impeachment...

Breaking: Islamic war leader plots to conquer Rome...

Boko Haram gives new condition for Chibok school...

Clean sweep, as Nigerian boys beat DRC in...

Niger Delta Institutions: Where are the whistleblowers?

UN declares Boko Haram war ‘the largest crisis...

555 PVCs of dead persons found in Ogun...

It will be a day of clouds and...

Revealed: WHY JONATHAN CANCELLED CHIBOK VISIT

 

Latest News 2019: Atiku shuts down Yola APC a dying party swimming in corruption — Secondus •Promises Tsunami in the weeks ahead It’s payback time for Turaki’s loyalty, says Bauchi State PDP 431 Pharmaceutical shops sealed in Imo How ex-IGP Ibrahim Coomassie ordered my arrest, imprisonment in Kirikiri Prison – Shehu Sani Fire guts main market in Jos, razes 217 shops Ekiti Election: Oshiomhole exceeded expectations in his first national assignment as APC Chairman — Senator Alimikhena Adegboruwa weighs options as Joe Igbokwe eats the humble pie Kano has over 3 million out of school children – Ganduje UK to assist INEC deliver credible, free and fair polls in 2019 We have not suspended issuance of cards — NIMC Police to support Eko Disco on debt recovery

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (363,469 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (359,159 views) Shameless Genevieve Nnaji exposes breasts in public (287,564 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (235,972 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (215,291 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (212,956 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (187,054 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (169,008 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (156,572 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (153,289 views) Lagos plane crash: Journalist releases victims’ names (148,070 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (139,182 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (52) Business & Economy (3,364) Business Verdict (48) Columnists (890) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (516) Features (616) Global Business Monitor (286) International (2,156) Interview (158) Live Commentary (28) Love Matters (127) News (37,333) Opinion (1,024) Pidgin (10) Politics (5,638) Religion (788) Sports (1,612) Stock Watch (33) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Nigerian detainees send SOS from Osama prison

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement