18,000 NIGERIAN-OWNED SMALL BUSINESSES ACCESS $244 MILLION AGRIC INVESTMENTS- UNITED STATES 26-10-23
By Sadiq Aminu The U.S. government, through the U.S. Agency for International Development (USAID), celebrated the achievements of the five-year “Feed the Future Nigeria Agribusiness Investment activity.
A statement by the United States Embassy in Abuja says the $15.7 million Agribusiness Investment activity assisted more than 18,000 Micro, Small, and Medium Enterprises (MSMEs), in seven states – Benue, Cross River, Delta, Ebonyi, Kaduna, Kebbi, and Niger.
It says the initiative mobilized more than 188 billion Naira ($244 million) in agricultural investment, by providing access to finance, and bolstering their businesses.
The statement explains that the MSMEs are now able to expand business operations for increased food production, specifically for aquaculture, cowpea, maize, rice, and soybean.