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US Invests $200 Million in ‘s Food Security in Last 5 Years, Says Envoy

by News Reporters
2 years ago
in Business, News
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US Invests $200 Million in ‘s Food Security in Last 5 Years, Says Envoy
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The United States government has disclosed its investment of $200 million in Nigeria’s food security initiatives over the past five years. Additionally, it granted $150 million to 33 private sector companies in Nigeria. These figures were revealed by the US Acting Ambassador to Nigeria, David Greene, during the launch of the 2024-2029 Global Food Security Strategy.

Greene highlighted an additional $22 million investment in Nigeria’s cocoa value chain across seven states. The implementation of the Global Food Security Strategy aims to enhance agriculture productivity and drive economic growth in Nigeria over the next five years.

Despite US support, Greene emphasized that Nigerians are best positioned to address their issues. He stressed the importance of creating an enabling environment for private sector-led growth and entrepreneurship, calling for transparent tax and investment regulations.

Sara Werth, USAID Nigeria Deputy Mission Director, acknowledged Nigeria’s food insecurity challenges but expressed optimism in the nation’s potential. She urged collaborative efforts across government, private enterprise, academia, and civil society to achieve food security goals.

Greene also highlighted exchange programs and fellowships between the US and Nigeria aimed at equipping Nigerians with agricultural development skills. He cited the case of Agada Blessing, a Ph.D. student supported by USAID, who contributed to agricultural productivity upon returning to Nigeria.

In conclusion, Greene emphasized collaboration to unlock Nigeria’s agricultural potential and ensure a prosperous future, stressing the importance of joint efforts to address food insecurity challenges.

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