Nigeria received a $26.942 billion development support fund from international donors between 2015 and 2020, Minister of State for Budget and National Planning, Clement Agba, has revealed.
Agba made the disclosure when he appeared before the House of Representatives Committee on Civil Society and Development Partners on Donor Funds Receipts, Transfers and Disbursement to Government Agencies, Civil Society and Non-Governmental Organisations in Nigeria.
Development Diaries understands that the committee, which is saddled with the responsibility of ensuring financial transparency and accountability in Nigeria’s civil community, had received several petitions alleging the misappropriation, misuse, and diversion of donor funds.
According to Agba, Nigeria has so far received $2.339 billion (2015), $1.150 billion (2016), $774.933 million (2017), $22.016 billion (2018), $655.642 million (2019) and $5.639 million (2020) from international donors.
Some of the donors include the European Development Fund (EDF), the United Nations Development Systems (UNDS), the United States Agency for International Development (USAID), and the German International Cooperation (GIZ).
He said Nigeria was not qualified for budget support because the country is not classified as a lower-income country.
‘The implication of this is that donors do not give us the funds for management, rather they work with the sectoral stakeholders to fund the projects directly after identifying the needs by ministries, departments and agencies (MDAs) and states in line with the Paris Declaration on Aid Effectiveness’, Agba said.
Source: The Guardian
Photo source: Clement Ikanade Agba
