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USAID’s Partnership Day ignites private sector investments for economic resilience in northeast Nigeria

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In a concerted effort to catalyze economic recovery and development in Northeast Nigeria, the United States government, through the U.S. Agency for International Development (USAID), organized Partnership Day—an event that brought together public and private sector stakeholders to address challenges and mobilize investments. Themed “Fostering Economic Resilience in the Northeast: A Path to Sustainable Growth,” the event witnessed a commitment of 9.6 billion naira in investments for micro, small, and medium enterprises (MSMEs), as well as the financial technology and agribusiness sectors.

Northeast Nigeria grapples with multifaceted challenges, predominantly shaped by socio-economic factors. Insecurity disrupts supply chains, impedes market access, and discourages investments. Insufficient infrastructure exacerbates these issues, hindering the efficient movement of goods. MSMEs face obstacles in securing financing for expansion due to limitations within the financial sector, contributing to elevated borrowing costs. Climate-related concerns, coupled with limited access to digital technologies and market information, further complicate the business landscape in the region.

Facilitated by the Feed the Future Rural Resilience Activity—a $49 million, five-year USAID-funded project—the Partnership Day aimed to address these challenges. Operating in Adamawa, Bauchi, Borno, Gombe, Taraba, and Bauchi States, the Rural Resilience Activity fosters economic recovery and growth. It forges partnerships with economic organizations, non-profits, and public sector entities to enhance marketplace opportunities, with a particular focus on various groups, including women, youth, internally displaced persons, and individuals with disabilities. The project envisions sustaining improvements without ongoing external intervention, fostering long-term changes.

With 342 private sector actors actively or considering investments in the Northeast States among the nearly 450 attendees, the event marks a significant milestone. Jazmian D. Ohanyere, Feed the Future Team Lead, emphasized the importance of Partnership Day, stating, “It 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.” The collaborative efforts seek to drive economic resilience, growth, and development in northeast Nigeria.

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