#Nigeria: Agricultural Sector to Benefit from U.S. $2m Partnership

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In a move designed to boost the Agricultural sector, the United States (U.S.) Agency for International Development (USAID) yesterday, launched a $2 million agricultural partnership.

Speaking during the launch of the initiative at the U.S. Embassy in Abuja, U.S. Deputy Chief of Mission, Maria E. Brewer, said the two years partnership also involved two local companies including Babban Gona and Hello Tractor.

According to Brewer, the partnership is aimed at increasing access to smart tractors, improved seeds, and profitable markets for over 45,000 smallholder farmers across seven states and the Federal Capital Territory (FCT), Abuja.

Also, in the first partnership, Babban Gona will address the economy of scale problems for smallholder farmers by forming cooperatives called “trust groups” thereby aiding more than 20,000 small holder farmers in five states to increase yield and potentially increase their income up to 30%.

In extension, the partnership will support Hello Tractors sales, while providing 115 young people with an opportunity to build businesses in providing tractor hiring services.

The economic implications of such a development cannot be over-flogged. Nonetheless, whilst partnerships in the Agricultural sector of every economy especially in developing countries is needed, there is also a need to establish sustainable market systems to effectively tackle hunger and in extension, achieve goal 2 of the SDGs: “Zero Hunger.”

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