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Food Security: US invests almost $200 million in Nigeria’s agric sector in five years, says envoy



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The United States government on Thursday, March 21, said it has invested almost $200 million in food security in Nigeria in the last five years.

The US also allocated $150 million as grants to thirty-three Nigerian private sector companies.

David Greene, the U.S. Acting Ambassador to Nigeria, announced an investment of $22 million in Nigeria’s cocoa value chain, covering seven states.

Greene who is also US Embassy Charge de Affairs, spoke in Abuja at the 2024-2029 Global Food Security Strategy Launch.

The application of the Global Food Security Strategy for Nigeria over the next five years is poised to amplify agricultural productivity and catalyze economic development driven by the agricultural sector.

However, Greene noted that despite external support, Nigerians are the most capable of addressing their own challenges.

Furthermore, Greene noted that there are ongoing exchange programs and fellowships between the United States and Nigeria, which are intended to benefit Nigerians educationally.

He referred to one Agada Blessing, a doctoral candidate in soil science at Joshua Sarwuan Tarka University in Benue State, who received support from USAID to pursue research on climate change and fertilizer use at Michigan State University.

Nigeria has faced a severe food inflation crisis in recent years. In February 2024, the country’s inflation rate jumped to 31.7%, significantly influenced by the removal of petrol subsidies and the unification and devaluation of the official exchange rate as well as insecurity.