In a notable milestone, the United States Agency for International Development (USAID) celebrated the successful conclusion of the “Feed the Future Nigeria Agribusiness Investment activity” on October 10.
With a budget of $15.7 million, this five-year initiative left a significant mark on Nigeria’s agricultural landscape.
The momentous initiative lent its support to over 18,000 micro, small, and medium enterprises (MSMEs) across seven Nigerian states, namely Benue, Cross River, Delta, Ebonyi, Kaduna, Kebbi, and Niger. These small businesses, often the lifeblood of local economies, received a substantial boost to their operations.
One of the standout achievements of this initiative was the mobilization of over 188 billion Naira, equivalent to $244 million, in agricultural investments—this capital injection empowered MSMEs, granting them greater access to financial resources.
Source: Business Insider