• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Friday, June 6, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

US Mobilises N9.6bn Worth Investments In MSMEs, Fintech

by Royal Ibeh
2 years ago
in Business
Share on WhatsAppShare on FacebookShare on XTelegram

The United States (US) government, through the U.S. Agency for International Development (USAID) in collaboration with the public and private sectors, has mobilised N9.6 billion worth of investments, for Micro, Small and Medium Enterprises (MSMEs), the financial technology and agribusiness sectors.

Advertisement

Labelled as Partnership Day, under the theme ‘Fostering Economic Resilience in Northeast: A Path to Sustainable Growth,’ the event mobilised private-sector players and investors to commit N9.6 billion worth of investments to drive development in these sectors of the economy.

Feed the future team lead, USAID, Jazmian D. Ohanyere averred that the Partnership Day event represents another crucial step to attract more businesses into the Northeast and facilitate partnerships through open dialogues, knowledge sharing, and relationship-building.

‘At USAID, our commitment to building resilient communities, businesses, institutions, and households remains unwavering,’ Ohanyere assured.

The Northeast grapples with challenges influenced by various factors, with socio-economic conditions playing a pivotal role. Notably, insecurity has disrupted supply chains, hindered market access, and discouraged investment. Inadequate infrastructure compounds these challenges by impeding goods’ efficient movement and distribution to consumers. In addition, businesses, especially MSMEs, encounter obstacles in securing financing for expansion and working capital due to limitations within the financial sector, resulting in elevated borrowing costs.

RELATED

BetKing Promotes Social Impact At NSF

BetKing Promotes Social Impact At NSF

13 hours ago
Sallah: UNYF felicitates with muslims, decries worsening living conditions

Oxfam Urges Nigerians To Embrace Responsible Plastic Use

14 hours ago

Furthermore, the region’s susceptibility to drought and climate-related concerns strains its economy. The situation is exacerbated by the insufficient availability of market information and limited access to digital technologies, further complicating the business landscape in Northeast Nigeria.

The Partnership Day event was made possible through the Feed the Future Rural Resilience Activity (RRA), a $49 million, five-year USAID-funded project that fosters economic recovery and growth in Adamawa, Bauchi, Borno, Gombe Taraba and Bauchi States.

The RRA has forged partnerships with economic organisations, non-profits, and public sector entities to improve marketplace opportunities for various groups, including women, youth, men, internally displaced persons, and individuals with disabilities.

The ultimate vision of RRA is to establish a future where these improvements can be sustained without the need for ongoing external intervention, and their strategies are geared toward facilitating and upholding long-term changes.

Of the nearly 450 attendees, 342 were private sector actors actively or considering investing in Northeast States. They represent just a few of the over 600,000 beneficiaries the RRA activity is engaging.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

START EARNING US DOLLARS as a Nigerian ($35,000) monthly. Companies are sacking their workers due to AI (artificial intelligence), business owners are in panic mode. Only the smart will make it. Click here


SendShareTweetShare
Previous Post

Jumia Appoints Sunil Natraj As Nigeria CEO

Next Post

Nigeria, Kuwait Strengthen Aviation Ties, Sign Bilateral Air Agreement

Royal Ibeh

Royal Ibeh

You May Like

BetKing Promotes Social Impact At NSF
Business

BetKing Promotes Social Impact At NSF

2025/06/06
Sallah: UNYF felicitates with muslims, decries worsening living conditions
Business

Oxfam Urges Nigerians To Embrace Responsible Plastic Use

2025/06/06
Airtel Expands Digital Ecosystem With In-App Shopping Platform
Business

Airtel Expands Digital Ecosystem With In-App Shopping Platform

2025/06/06
NES Demands Stakeholder Collaboration To Curb Plastic Pollution
Business

NES Demands Stakeholder Collaboration To Curb Plastic Pollution

2025/06/06
AFN Board Members Write Minister, Lament Crisis Under Okowa’s Leadership
Business

FG Reaffirms Global Leadership In Entrepreneurship At 2025 GEC

2025/06/06
CSOs Hail Komolafe’s ‘Giant Strides’ As NUPRC Boss
Business

2024 Bid Rounds Violated No Oil Licencing Guidelines – Komolafe

2025/06/06
Leadership Conference advertisement

LATEST

ACF Mourns Uwais, Describes Ex-CJN Jurist Of Repute

Tolu Arokodare On Target As Super Eagles Share Spoils Against Russia

Godly Parenting Summit To Empower Parents For Brighter Future

Eid-al-Adha: No Nation Rises Without Unity, Sacrifice — Shettima

Makinde Advocates 6-year Single-term For Political Office Holders

Fire Guts Section Of Kano Phone Market On Eid Day

Hardship: El-Rufai, Amaechi Owe Nigerians Apology — Shehu Sani

Raphinha Named 2024/2025 La Liga Player Of The Season

Benue Gov’t Directs Residents To Vacate Flood-prone Areas

Gabriel Signs New Long-term Deal At Arsenal 

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.