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Millennium Development Goals (MDGs) USAID/<strong>Nigeria</strong> MDG related project Cost <strong>of</strong><br />
projects ($)<br />
Life <strong>of</strong> projects<br />
Sec<strong>to</strong>r (COMPASS) 2009<br />
Goal 4: Reduce Child Mortality Rate The Futures Group 19,200,000 June 2004 – June<br />
2009<br />
Goal 4: Reduce Child Mortality Rate Maternal & Child Health Integrated Project (MCHIP) 10,000,000 Jan. 2006 – Dec.<br />
2011<br />
Goal 5: Improve Maternal Health Community Participation for Women in the Social 95,000,000 May 2004 – Oct.<br />
Sec<strong>to</strong>r (COMPASS)<br />
2009<br />
Goal 5: Improve Maternal Health The Futures Group 19,200,000 June 2004 – June<br />
2009<br />
Goal 5: Improve Maternal Health Global HIV/AIDS Initiative <strong>Nigeria</strong> – Reproductive 5,461,732 June 2004 – June<br />
Health (GHAIN)<br />
2011<br />
Goal 5: Improve Maternal Health Improved Reproductive Health in <strong>Nigeria</strong> (IRHiN) 16,296,228 June 2005 – Mar.<br />
2011<br />
Goal 6: Combat HIV/AIDS, Malaria, and<br />
Other Diseases<br />
Goal 6: Combat HIV/AIDS, Malaria, and<br />
Other Diseases<br />
Goal 6: Combat HIV/AIDS, Malaria, and<br />
Other Diseases<br />
Goal 6: Combat HIV/AIDS, Malaria, and<br />
Other Diseases<br />
Source: USAID <strong>Nigeria</strong>, 2010.<br />
Target 8.D – Reducing External Debt and<br />
Achieving the MDGs<br />
The flow <strong>of</strong> Official Development Assistance<br />
(ODA), including debt relief gains, from<br />
developed countries <strong>to</strong> <strong>Nigeria</strong> has increased<br />
dramatically since 2004, rising from US$4.49 per<br />
person in 2004 <strong>to</strong> US$81.67 per person in 2006<br />
and 2007 (Table 21). <strong>Nigeria</strong>'s economy was overburdened<br />
by the country's huge external debt for<br />
many years. In 1990, for example, servicing the<br />
country's external debt consumed 22.3 per cent <strong>of</strong><br />
the value <strong>of</strong> the country's exports <strong>of</strong> goods and<br />
services. <strong>Nigeria</strong> obtained debt relief in 2005,<br />
when the Paris Club wrote <strong>of</strong>f US$18 billion <strong>of</strong> its<br />
debt on condition that the country pays <strong>of</strong>f the<br />
balance <strong>of</strong> approximately US$12.4 billion owed <strong>to</strong><br />
the Paris Club credi<strong>to</strong>rs. <strong>Nigeria</strong> paid <strong>of</strong>f its debt<br />
<strong>to</strong> the Paris Club in 2006. It subsequently paid <strong>of</strong>f<br />
its debt <strong>to</strong> the London Club <strong>of</strong> credi<strong>to</strong>rs through<br />
Population Services International (Anti-Malaria) 4,290,730 Nov. 2004 – Nov.<br />
2009<br />
Global HIV/AIDS Initiative <strong>Nigeria</strong> –(GHAIN) 418,453,640 June 2004 – June<br />
2011<br />
Global HIV/AIDS Initiative <strong>Nigeria</strong> –Malaria<br />
300,000 June 2009 – June<br />
(GHAIN)<br />
2011<br />
<strong>Nigeria</strong> Indigenous Capacity Building Project<br />
5,637,018 Oct. 2007 – Sept.<br />
(NICaB)<br />
2010<br />
par bonds worth US$1.486 billion and promissory<br />
notes worth US$476 million. In addition, in 2007<br />
<strong>Nigeria</strong> repurchased about 21 per cent <strong>of</strong><br />
outstanding oil warrants issued under a debt<br />
restructuring deal in 1991. All Paris Club debt<br />
relief gains were dedicated <strong>to</strong> additional spending<br />
on pro-poor projects and programmes <strong>to</strong>wards<br />
achieving the MDGs in <strong>Nigeria</strong>. The flow <strong>of</strong><br />
<strong>of</strong>ficial development assistance (ODA) from<br />
developed countries <strong>to</strong> <strong>Nigeria</strong> rose from<br />
$4.49/person in 2004 <strong>to</strong> $81.67 in 2006 and 2007.<br />
This increase is as a result <strong>of</strong> debt relief gains but<br />
it is not enough <strong>to</strong> make progress on the MDGs.<br />
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