During their conversation, Waqa asked Netanyahu that Israel assist his country in medical training, water, waste management and innovation.
"You have been our wonderful friend," Netanyahu said. "It's a pleasure to receive you in the land of Israel and the State of Israel."
"I hope you have an excellent visit that reflects our excellent relations."
On Sunday, Deputy Foreign Minister Tzipi Hotovely (Likud) thanked Waqa for his country's longstanding support for Israel at the United Nations, according to a report on israelnationalnews.com
Hotovely offered to bring a delegation from Micronesia to Israel, to train in agriculture and water.
Israel is allocating 20 scholarships to Nauru in the framework of the activities of the international aid agency MASHAV in various fields.
Israel is also sending Nauru medical training in the field of kidney medicine.
During their meeting, Waqa spoke about the great importance his country sees in the state of Israel in the framework of religious faith regarding the return of the Jewish people to its land.