{"id":19338,"date":"2017-11-21T16:49:50","date_gmt":"2017-11-21T15:49:50","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=19338"},"modified":"2017-11-22T15:56:11","modified_gmt":"2017-11-22T14:56:11","slug":"nigeria-japan-signing-n642-million-grant-aid-project-economic-social-development","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/nigeria-japan-signing-n642-million-grant-aid-project-economic-social-development\/","title":{"rendered":"Nigeria, Japan Sign N642m Grant Aid Project On Economic And Social Development."},"content":{"rendered":"

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.<\/p>\n

The Minister of Budget and National Planning, Senator Udoma Udo Udoma signed on behalf of the Federal Government while Japan\u2019s Ambassador Extraordinary and Plenipotentiary to Nigeria, His Excellency, Mr Sadanobu Kusaoke, signed on behalf of his home country.<\/p>\n

The programme aims at exploring development strategies that will enhance competitiveness and support the Nigeria\u2019s 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\u20132020] of the Buhari administration.<\/p>\n

While signing the agreement, Senator Udoma said Nigeria is indeed grateful to the Government of Japan for its numerous interventions in various sectors of the country\u2019s economy in support of its development aspirations; and particularly for aligning its intervention programmes with the ERGP.<\/p>\n

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 government on the optimal energy mix and efficiency for the country.<\/p>\n

The Minister also thanked the Japanese Government for the various technical assistance programmes offered in a wide range of skill-areas by that country\u2019s government and the implementation of other grant projects and programmes nationwide through the Japan International Cooperation Agency (JICA).<\/p>\n

\u201cThe 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)\u201d, the Minister noted.<\/p>\n

He assured of the Nigerian government\u2019s commitment to working more closely with the Government of Japan to achieve sustainable economic development for the country. \u201cWe will also continue to explore development options, strategies and paradigms that will engender more mutually beneficial collaborations in support of our long-term friendship\u201d, he added.<\/p>

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The Japanese Ambassador said though his home country\u2019s government has been extending grant aids to Nigeria in different fields over the years, the country considers the grant aid in health and agriculture particularly important because advanced pharmaceutical research and improved agricultural production have direct, positive impact on the quality of life and on inclusiveness of growth.<\/p>\n

He said in view of the demographic and social challenges facing Nigeria, Japan thinks that the ERGP and the Budget and National Planning Minister have rightly put the agricultural sector among the top agenda.<\/p>\n

\u201cEchoing 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\u2019s external balance\u201d, Ambassador Kusaoke said.<\/p>\n

He also confirmed that in line with the Nairobi Declaration at TICAD VI last year, the Japanese Government is providing $1.75 million for necessary 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\u2019s highly-specialised small and medium sized enterprises (SMEs).<\/p>\n

 <\/p>\n

Photo Caption:<\/p>\n

The Minister of Budget and National Planning, Senator Udoma Udo Udoma (left) presenting a souvenir to the Japanese Ambassador,\u00a0Mr Sadanobu Kusaoke, after the signing ceremony, in Abuja on Tuesday.<\/p>\n","protected":false},"excerpt":{"rendered":"

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\u2019s Ambassador Extraordinary and Plenipotentiary to Nigeria, His …<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[17,624],"tags":[3304],"coauthors":[2391],"class_list":["post-19338","post","type-post","status-publish","format-standard","","category-news","category-politics","tag-grant"],"yoast_head":"\nNigeria, Japan Sign N642m Grant Aid Project On Economic And Social Development. - National Wire<\/title>\n<meta name=\"description\" content=\"The Minister of Budget and National Planning, Senator Udoma Udo Udoma (left) presenting a souvenir to the Japanese Ambassador,\u00a0Mr Sadanobu Kusaoke,\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/nigeria-japan-signing-n642-million-grant-aid-project-economic-social-development\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigeria, Japan Sign N642m Grant Aid Project On Economic And Social Development. - 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