Bill and Melinda Gates Are Paying Off Nigeria’s $76 Million Debt to Japan

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As some leaders are increasing their focus on issues solely within their own borders, Bill and Melinda Gates continue to show the importance of looking outward — and they’ve demonstrated this yet again by announcing they will settle Nigeria’s $76 million debt to Japan.

Nigeria’s debt to Japan is the result of Overseas Development Assistance (ODA) provided by the Japanese government in 2014 for increased polio eradication efforts.

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As the largest private philanthropic organization in the world, the Bill and Melinda Gates Foundation spends just over $3 billion a year on development assistance, according to The Guardian.

Eradicating polio is one of the Bill and Melinda Gates Foundation’s top priorities. In fact, at the last annual Rotary International Convention in Atlanta, the Gates Foundation announced it would match two-to-one Rotary's commitment to raise $50 million a year over the next three years, which would result in $450 million towards polio eradication efforts.

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