Categories: NewsNigeria News

United States Awards $26.6m Grants To 33 Nigerian Companies

United States has awarded $26.6m grants to 33 Nigerian companies.

 

Glamtush reports that the United States Agency for International Development (USAID) says it has awarded 26.6 million dollars in co-investment grants to 33 companies in Nigeria through its global hunger and food security initiative.

This online news platform understands that Ms Michelle Corzine, Director of Economic Growth, Agriculture and Power, USAID, announced this at a partnership meeting on Monday in Abuja.

 

Corzine said the grants were given through partnerships with the USAID-funded West Africa Trade and Investment Trade Hub Feed the Future Nigeria Agribusiness Investment activity.

The event, titled “Collaborating for Enhanced Food Security in Nigeria,” aimed to showcase the impact of public-private partnerships on Nigeria’s food security and economic growth.

“Through the Feed the Future Initiative, the Trade Hub has awarded $26.6 million in co-investment grants to 33 companies.

“The U.S. government is deeply invested in the prosperity of Africa, recognizing the immense potential for growth and development of the continent.

“As President Biden said during the 2022 U.S.-Africa Business Forum, ‘Africa’s success and prosperity are essential to ensuring a better future for all of us, not just Africa.’”

“Recognizing Nigeria’s pivotal role as a regional powerhouse, the U.S. government is dedicated to supporting initiatives that promote economic growth, enhance trade partnerships, and promote food security,” she said.

 

According to Corzine, through collaborative efforts, the Trade Hub and its partners have strengthened food systems, increased incomes, and promoted inclusive agro-development in Nigeria.

She said that these outcomes demonstrated the effectiveness of collaboration in strengthening food systems and promoting inclusive agro-development in Nigeria.

“They have catalyzed $171.2 million in private-sector investments, created over 26,000 new jobs, and generated nearly $400 million in domestic sales.

“Operating in 16 countries, it targets $400 million in new private investments and the creation of 60,000 jobs,” she said.

The U.S. envoy said the grants underscored the agency’s efforts to foster sustainable economic development, adding that the U.S. was committed to Africa’s prosperity and Nigeria’s regional powerhouse role.

GLAMTUSH

Recent Posts

SDNON Unveils Ambitious Plans For 2025, Celebrates Outgoing Executives

The newly elected SDNON excos have unveiled their ambitious plans for 2025 and celebrated the outgoing executives.…

12 hours ago

Primate Ayodele Releases 2025 Prophecies For All Sectors

The leader of the INRI Evangelical Spiritual Church, Primate Elijah Ayodele, has released his 2025…

22 hours ago

Timeless Tunes: How Throwback Songs Bond Africans In 2024

Music has always been central to African culture, reflecting societal changes while connecting generations. In…

2 days ago

Sinach To Feature In Global Christian Event, Gather25

Sinach is set to feature in the global Christian event, Gather25.   Glamtush reports that Gather25,…

2 days ago

Yahaya Bello Released After Meeting Bail Conditions

Yahaya Bello has been released after meeting his bail conditions.   Glamtush reports that former…

2 days ago

Makinde Cancels Birthday Celebration To Honour Ibadan Stampede Victims

Makinde has cancelled his birthday celebration to honour the Ibadan stampede victims.   Glamtush reports that Governor…

2 days ago