USAID launches $60 million for West Africa trade, investment hub

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The U.S. Agency for International Development (USAID) has earmarked $60 million in co-investment grant funds for trade and investment hub activity to...

has earmarked $60 million in co-investment grant funds for trade and investment hub activity to promote the Nigerian economy.

She said the U.S. supported trade hubs in Africa and has successfully spearheaded private sector development. Ms Leonard said the new trade and investment hub would work across the region to overcome these obstacles through a market-based approach that would catalyse economic growth and raise household incomes.

“Nigeria is uniquely positioned to rapidly transform its economy by expanding the agricultural sector and increasing both the productivity and the profit of small holder farmers,” she said. Mrs Tallen said every investment that engages women has a multiplier effect, adding that investing in women was investing in the country and the world at large.

 

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