• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, October 3, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

USAID approves $2.5m to facilitate economic recovery in northeast

USAID

The Matters Press by The Matters Press
February 16, 2022
Reading Time: 2 mins read
0
USAID approves $2.5m to facilitate economic recovery in northeast

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.

RELATED POSTS

Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎

Atiku’s hunger revolution, delusional – TMSG

‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

The project entails an investment of 2.5 million dollars.

The implementing partner is Mercy Corps Nigeria.

USAID’s Communication Specialist, Grace Oguntade, stated on Tuesday in Maiduguri that the programme would improve resilience and livelihood of smallholder farmers and micro enterprises owners.

It is known as USAID Feed Future Nigeria Rural Resilience Activity.

“Market structures in parts of the northeast have been negatively impacted by the on-going conflict and insecurity in the region.

“This has resulted in significant loss of lives and property, destruction of critical infrastructure, displacement, and the destabilisation of economic, food, and animal production.

“In addition to the market crises, COVID-19 has exacerbated the inaccessibility of the poor and rural dwellers, particularly women, youth, persons living with disabilities, and internally displaced persons to markets.

“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.

“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.

“This additional funding will help to create market opportunities for participants by removing bottlenecks that impede inclusive market participation due to the shortage of market actors,’’ she added.

Oguntade quoted the Country Director of Mercy Corps Nigeria, Ndubuisi Anyanwu, as saying that it valued partnerships and believed it offered the best opportunity to deliver quality programmes and sustain them in the long run.

Anyanwu said the partnerships would increase incomes, promote sustainable change in market systems, and enhance the resilience of smallholder farmers and microenterprises owners in conflict-affected areas of the northeast.

Oguntade also quoted the Chief of Party, Feed the Future Nigeria Rural Resilience Activity, Margarita Aswani, as saying that the organisation was proud to be supporting local organisations that were investing in the region.

“The new partners are Zenith of the Girl Child and Women Initiative Support (ZEGCAWIS), Smiling Hearts Initiatives International and Biu Women Castro & Jetropha Farmers.

“Others are Livestock 247 Services, Diamond Development Initiatives (DDI), Angala Fintech, Riby Market Place Ltd. and Solar Sisters Nigeria.

Others still are Synergos, Standard Microfinance Bank Ltd., Interra Networks Ltd., Pula Advisor Nigeria Ltd., Interra Synergy Ltd, and Jewel Entrepreneurship and Business School (JEBS).

“Partners such as DDI, Interra and Synergos will facilitate improved access to agricultural inputs for farmers, provide linkages with processors, and strengthen the capacity of weak producer organisations.

“JEBS and ZEGCAWIS will contribute to poverty reduction among participants, especially women and youth, through training in soft skills, financial literacy, and business management,’’ Oguntade explained.

Tags: NortheastUSAID
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Consumer commission, CBN, EFCC investigate violations in money lending
Economy/Technology

Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎

September 24, 2025
Drop your frustration, let President Tinubu be, Group picks on Atiku
Economy/Technology

Atiku’s hunger revolution, delusional – TMSG

September 23, 2025
‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG
Economy/Technology

‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

September 22, 2025
2023 maritime, shipping outlook force experts to call for aid
Economy/Technology

Leap in non-oil exports gain of Nigeria:s economic diversification ‎

September 17, 2025
NBS reports increase in Inflation
Economy/Technology

Think Tank ‎projects 17% inflation rate by year-end, urges CBN to ease benchmark rate ‎

September 17, 2025
Old pension scheme beneficiaries get a boost in entitlements
Economy/Technology

‎GROUP LAUDS INSURANCE SCHEME FOR RETIREES IN NIGERIA. ‎

September 14, 2025
Next Post
Nigeria plans to increase petrol pump price despite spike in inflation, unemployment

NNPC distributes 1bn litres of fuel nationwide

Buhari arrives in Belgium ahead of EU-AU summit

Buhari arrives in Belgium ahead of EU-AU summit

Recommended Stories

“Naira-4-Dollar” getting results

Naira exchanges at N445.38 to the dollar

November 21, 2022
BOI wins award for $1bn syndicated term loan facility

Bank of Industry creates 9m jobs

March 31, 2022
5G network for launch 2020

Ministry clamps down on 140 illegal users of radio frequency

December 2, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎
  • Atiku’s hunger revolution, delusional – TMSG
  • ‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us