NewStats: 3,263,198 , 8,179,376 topics. Date: Thursday, 05 June 2025 at 02:28 AM 6n1mp

The Minister of State for Finance and National Planning, Clement Agba, has disclosed that Nigeria got $26.94 billion foreign assistance inflows into various sectors in the last six years.

He disclosed this on Tuesday when he appeared before the House of Representatives Committee on Civil Society and Development Partners.

He said the funds were provided to undertake various interventions across the country by foreign donors, International Non Governmental Organisations (INGOs) and other bodies.

Agba said $ 2.339 billion was received in 2015, $1.150 billion in 2016, $ 774.933 million in 2017, $22.016 obtained in 2018, $655.642 million received in 2019 while $5.639 million was received in 2020.

The minister said the funds were donated by the European Development Fund (EDF); United Nations Development Systems (UNDS); China through the Bilateral Agreement between the Government of Nigeria and the People’s Republic of China signed since1972.

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

He, however, disclosed that the ministry did not receive the funds from the donors but it was involved in the coordination of the projects between the donors and the beneficiaries which are mostly the states and others.

“The implication of this is that donors do not give us the funds for management, rather donors work with the sectoral stakeholders to fund the project directly after identifying the needs by the MDAs/States in line with the Paris Declaration on Aid Effectiveness.

“For the purpose of clarification, 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, alleging widespread misappropriation, misuse, and diversion of donors’ funds.

He said the petitions also alleged falsification of performance reports for the purpose of obtaining more funds from donor agencies/organisations.

“Also, in line with its mandate, the Committee received a referral from the House of Representatives, mandating it to investigate the operations of Non-Governmental Organisations (NGOs) so as to ascertain their sources of funding, their bases of operations and locations.

“This was after it had deliberated on a motion titled “Need for Special Intervention in the Protracted Situation in the Country,” he said.

https://dailytrust.com/we-got-26-94-billion-development-assistance-in-six-years-finance-minister

What did they do with all the billions?

Okay...


I do not think this man wants to get a round of applause for this, does he?

Our nation is filled with riches, but yet all we do is to scamper to and fro looking for loans and assistance. When Nigeria should be loaning?

He should just shut up and let this not become a national embarrassment.

Calm down people. I can assure you , no part of this money was looted either directly or indirectly since we had no case of hoodlums as at then in the country

Please always get your facts straight

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David Cameron explaining to Queen Elizabeth what happened to the money.


https://www.youtube.com/watch?v=Wg7lfHL_l1w

Congratulations Minister!

And how has that translated to development for Nigeria with the nation still holding the inglorious position of the world headquarters for extreme poverty?

We enjoy from international aid
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I wonder where all the money went

Are they hoarding it like pallatives?

Eleribu ni awon people sha

And you can't see that money anywhere in the life of the people.. Tụfịakwa

With all these money Nigeria is still as 80 years ago? Hmmmn

Audio development!

NO positive effect on the life of the citizen with that ................ i listened to lawyer falana with channel tv yesterday on youtube .... guys seem the country cant work again ...... this pdp/apc are not ready to give up on their attitude ....

Minister! Minister!! yet loans are flying in from every corner

When this government is finally through dealing with Nigerian, they will understand the difference between day and night

And still no visible/standard achievement is done with it, yet as a country we re cursed to be taking loans here and there like when a child is spending her money of AKARA and BREAD!!


For u to have mentioned that figure openly, its means the amount is more than that.

No be 9ja we dey??

Yet we cannot fix power not even after all the promises @all i have a brand new small portable inverter system for sale, take the control of your basic power needs now

God will punish all of you that supervised the looting of the country's future

Please where is the development??

Authority1o1:
Okay...


I do not think this man wants to get a round of applause for this, does he?

Our nation is filled with riches, but yet all we do is to scamper to and fro looking for loans and assistance. When Nigeria should be loaning?

He should just shut up and let this not become a national embarrassment.

easyfem:
NO positive effect on the life of the citizen with that ................ i listened to lawyer falana with channel tv yesterday on youtube .... guys seem the country cant work again ...... this pdp/apc are not ready to give up on their attitude ....

is he talking in of any of the parties or telling us the parties are evil

Nawa o

Ok

Wow..

So if dem nor drop cash, where the projects? Please don't mention railuway o

He failed to provide details of wat project was funded

Wow, these figures are alarming


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stration of Liars and Thieves.

Even the one we manage respect small Sherlock Holmes Fashola. They made him look like an actor yesterday .

You can imagine

$26.94billion!

Some kind of money can make your head swell over time the more you pronounce them. Just take another look at his head to confirm what I'm saying.