USAID signs 2.5 million dollars’ agreements to facilitate economic recovery in Northeast.
Written by News Room on February 17, 2022
The United States Agency for International Development (USAID) has signed agreements with 14 organisations on a project to facilitate economic recovery in the northeast affected by insurgency.
The project, known as USAID Feed Future Nigeria Rural Resilience Activity, entails an investment of 2.5 million dollars. The implementing partner is Mercy Corps Nigeria.
USAID’s Communication Specialist, Grace Oguntade, stated this on Tuesday in Maiduguri saying the programme would improve resilience and livelihood of smallholder farmers and micro enterprises owners.
She said market structures in parts of the northeast have been negatively impacted by the on-going conflict and insecurity in the region which has resulted in significant loss of lives and property, destruction of critical infrastructure, displacement, and the destabilisation of economic, food, and animal production.
According to the USAID representative, to address these challenges, the Rural Resilience Activity is investing an additional 2.5 million dollars through the Notice of Funding Opportunities, to support 14 new private sector and civil society partners
She noted that the support is to enable the partners to implement innovative ideas to reduce hunger and malnutrition, and increase the income and resilience of smallholder farmers, microenterprise owners and producer organisations in the northeast.