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USAID to launch new $90m West Africa trade & investment hub in Abuja

The United States Agency for International Development (USAID) will on Tuesday in Abuja launch new USAID West Africa Trade and Investment Hub that will focus on co-investment partnerships.

A statement issued on Monday by the Public Affairs Division of the United States Embassy in Abuja, said the five-year $90 million Trade Hub activity will also increase agricultural productivity and profitability of smallholder farmers in Nigeria and promote West Africa’s regional and international trade.

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According to the statement, Vice President Yemi Osinbajo, four federal ministers, and three executive governors will join US Ambassador to Nigeria Mary Beth Leonard and USAID Senior Deputy Assistant Administrator for Africa Cheryl L. Anderson to mark the opening of the newly reconstituted Trade Hub.

“This co-investment effort will unlock private capital that will achieve commercial scale results and impact on exports, sales, and new jobs across Nigeria and all West Africa,” the statement said.

 

 Innocent Odoh, Abuja

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