Clement Agba: We have received $ 26.94 billion in development assistance over six years.

Posted by on Oct 28, 2020, Under: News

Clement Agba: We have received $ 26.94 billion in development assistance over six years.

Minister of State for Finance and National Planning Clement Agba said Nigeria has received $ 26.94 billion in foreign aid inflows in various sectors over the past six years.

He announced this on Tuesday before the House of Representatives Commission on Civil Society and Development Partners.

He said that the funds were provided by foreign donors, international non-governmental organizations (INGOs) and other organizations for various events throughout the country.

Agba stated that $ 2.339 billion was received in 2015, $ 1.150 billion in 2016, $ 774.933 million in 2017, $ 22.016 million in 2018, $ 655.642 million received in 2019, and in 2020 – $ 5.639 million.

The minister said the funds were donated by the European Development Fund (EDF); United Nations Development Systems (UNDS); China under a bilateral agreement between the government of Nigeria and the People’s Republic of China signed since 1972.

Others; Japan through the Japan International Cooperation Agency (JICA); Korea International Cooperation Agency (KOICA); DFID Department for International Development; United States Agency for International Development (USAID) and German International Cooperation (GIZ).

However, it turned out that the ministry did not receive funds from donors, but was involved in coordinating projects between donors and beneficiaries, which are mainly states and others.

“The consequence of this is that donors do not provide us with funds to manage, rather donors work with industry stakeholders to finance the project immediately after identifying the MDA / state needs in accordance with the Paris Declaration. effectiveness of aid.

“For clarity, the Federal Ministry of Finance, Budget and National Planning is responsible for coordinating Nigeria’s multilateral and bilateral economic cooperation,” he said.

Speaking, chairman of the committee, Rep. Kabiru Idris, said the committee had received many petitions accusing them of widespread waste, abuse and diversion of donor funds.

He said the petitions also referred to falsification of execution reports in order to obtain additional funds from donor agencies / organizations.

“In addition, in accordance with its mandate, the Committee received an appeal from the House of Representatives, which empowered it to investigate the activities of non-governmental organizations (NGOs) in order to establish their sources of funding, their operating bases and locations.

“This happened after he discussed a proposal called“ The need for special intervention in the protracted situation in the country, ”he said.

Source: – Daily Trust