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Us Awards $26.6m Grants to 33 Nigerian Firms

POSTED ON June 25, 2024 •   Business      BY Abiodun Saheed Omodara
Ms Michelle Corzine (5th from right) with other participants at a partnership meeting with some stakeholders on Monday in Abuja. Photo Credit: NAN

The global hunger and food security initiative of the United States Agency for International Development (USAID) has recently awarded $26.6 million in co-investment grants to 33 companies in Nigeria. 

This announcement was made by Ms. Michelle Corzine, the Director of Economic Growth, Agriculture, and Power at USAID, during a partnership meeting in Abuja.

The event included panel discussions, presentations, product showcases, and networking sessions where partners shared their successes and challenges in implementing food security initiatives.

The grants were distributed 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 highlight the impact of public-private partnerships on Nigeria's food security and economic growth. Ms. Corzine emphasized the US government's commitment to Africa's prosperity and development, particularly recognizing Nigeria's influential role as a regional powerhouse.

She said the dedication involves supporting initiatives that promote economic growth, strengthen trade partnerships, and enhance food security.

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