USAID, ECOWAS sign development fund agreement



The United States Agency for International Development (USAID) on Friday signed an agreement with ECOWAS to make 31.6 million dollars available for projects development in the sub-region.

The agreement was signed between USAID West Africa Mission Director, Mr Alex Deprez and President of the ECOWAS Commission, Mr Marcel Alain de Souza in Abuja.

Deprez said that the 31.6-million-dollar fund was part of the 298-million-dollar Development Agreement signed with ECOWAS in Nov. 2015, for a five-year-period of 2015 to 2020.

The fund made available by the USAID is to support programmes aimed at strengthening democratic institutions, enhancing economic growth, promoting peace and security, and development in the sub-region.

He, however, said that the 31.6 million dollars would address three major objectives which are health, peace and security and economic growth.

“Under each one…

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