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Home Business News

Japan grants $9.4 million to Nigeria for the provision of medical equipment

William Ukpe by William Ukpe
October 1, 2020
in Business News
Nigeria signs €70 million economy pact with Germany m Nigeria borrows fresh €500m from Credit Suisse, others, to finance industrialization , FG crafts ten-year economic plan to replace ERGP 
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The Japanese government has extended grant assistance of 1 billion Yen ($9.4 million) for the provision of medical equipment to the Nigerian government.

This was disclosed in a signing agreement between the Japanese Ambassador to Nigeria, Mr. Kikuta Yutaka, and the Minister of State for Budget and National Planning, Mr. Clem Agba on Wednesday.

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ANNOUNCEMENT:

On September 29, 2020, the Government of Japan extended a grant assistance of JPY 1 billion (approximately USD 9.4 million) for the provision of medical equipment to the Federal Republic of Nigeria. #Thread

— Government of Nigeria (@NigeriaGov) September 30, 2020

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The FG says the assistance will contribute to the strengthening of the Nigerian medical sector during the pandemic through the provision of equipment such as ambulances and CT scanners.

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This is the second medial grant to Nigeria since Nairametrics reported in August that the World Bank approved the sum of $114 million to assist Nigeria in its fight against the coronavirus pandemic. The fund comes in the form of a $100 million credit facility from the International Development Association (IDA) and $14 million grant from the Pandemic Emergency Financing Facility.

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