The challenge seeks to aid a Nigerian economy hard-hit by the COVID-19 pandemic.United States President Joe Biden (Business Insider)Patrick Semansky/AP
The U.S. Agency for International Development (USAID) has launched the USAID/Nigeria COVID-19 Food Security Challenge.
With this challenge, USAID will offer $3million in funding and technical assistance to youth-led companies and mid-stage companies (those having an existing customer base of more than 1,000 people) in Nigeria in order to mitigate the impact of COVID-19 on Nigeria’s agri-food systems.
In a statement, USAID says: “Nigeria is presently confronted with a food security crisis that is deepened by COVID-19 global pandemic and its negative consequences on the food value chain in the country.
“The pandemic has severely affected an already weak agri-food system and value chain across the nation.
“Millions of people, and especially the most vulnerable households, are threatened with hunger and malnutrition due to the socio-economic fallout from the COVID-19 pandemic and large-scale disruption to food production, processing, distribution, and marketing systems.
“In response to this crisis, USAID/Nigeria seeks to collaborate with commercially viable youth-led and mid-stage companies that are already operating in food production, processing, and/or distribution across Nigeria.Illustrative photo of a fruit stall in a Nigerian market [fmic]
“USAID is requesting that these partners assist farmers and other stakeholders in the food value chain to increase agricultural productivity and food security within the next six months.”
The challenge seeks to award 15 to 25 youth-led companies up to $75,000 each and 10 to 15 mid-stage companies up to $150,000 each.
The winners will receive funding and technical assistance to rapidly expand their food production or food security activities to mitigate the effect of COVID-19 on Nigeria’s food value chain; and improve the resilience of vulnerable households to the negative impacts of the pandemic.
The open application period closes on May 9, 2021 at 5pm.
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