Feed the Future Nigeria Rural Resilience Activity Inaugurates Agribusiness Investment Platform for the North East

The Feed the Future Nigeria Rural Resilience Activity has launched an Agribusiness Investment Platform for the North East to promote joint planning and access to investment information to enable evidence based decision making and mobilize finance for implementation.

Inaugurating the platform at the AUN Conference Center in Yola, Adamawa State, the Rural Resilience Activity’s Enterprise Investment Fund Manager, Mr. Joseph Ubek, said the platform inaugurated would tackle the multifaceted issues affecting rural farmers, businesses, households and agro-investment in the North Eastern part of the country.

Speaking further, Mr. Ubek said that the Activity was working with the Chambers of Commerce and other partners to explore Agribusiness investment opportunities and promote sustainability in the North East.

The Rural Resilient Activity is funded by USAID as part of Feed the Future portfolio, the US Government’s Global Hunger and Food Security Initiative.  It is being implemented in Nigeria by Mercy Corps with the support of International Fertilizer Development Center (IFDC) and Save the Children across Adamawa, Gombe, Yobe and Borno states.

The purpose of the Rural Resilience Activity is to catalyse investment in viable market systems through grants that stimulate development and create widespread impact while reducing conflict triggers.

To date the Activity, through its Enterprise Investment Fund (EIF) is supporting 10 Nigerian organizations to implement activities targeting economic recovery and growth in the North East, through market led approaches towards moving 500,000 households out of poverty.

These organizations include Meadow Foods, CropIT, Jamil Al Hakim Foundation, Motherhen Development Foundation, E-purse, Rural Farmers Hub, Center for MicroEnterprise Development, Golden Agri Inputs, Deva Access and Empowerment International and Hello Tractor.