USAID to facilitate $300m investment in five crops in seven Nigerian states

The United States Agency for International Development plans to facilitate $300 million investment across five crops in seven states in Nigeria under its Feed the Future Programme.

“Through this initiative, the U.S government aims to work with the people of Nigeria to improve the ease of doing business in the agricultural sector,” he said. According to documents from USAID, the programme will reach at least 5,000 small and medium enterprises . It will work with a range of agribusiness stakeholders and counterparts including the Nigerian government ministries and other agencies.

He said the programme focuses on five key pillars; enlisting public and private sector partners, connecting micro, small and medium enterprises to agribusiness services; support the development of new financial products, linking MEMEs and entrepreneurs with larger firms and reforming policies that constrain the ease of doing business.

Speaking at the event, the Governor of Cross River State, Benedict Ayade, said the sector needs finance and technology for improvement.

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