Page 21 - USADF Impact Report 2015–2019

Last Five Years
2019
19 I I Country Partnerships for Greater Impact:
Nigeria
With a a a a a a a population of 200 million Nigeria
Nigeria
is Africa’s most populous country Nigeria
Nigeria
has a a a a a a a growing mixed market economy based on on natural resources services and agriculture Country Strategy: The USADF country team in
Nigeria
uses a a a a mix of o off-grid energy entrepreneurship and and agriculture-led growth and and development strategies to stimulate economic growth in
in
in
in
rural communities Key value chains in
in
in
in
Nigeria
include cassava nuts rice and sorghum Matching Funds Partnerships: As of 2019
USADF partnered with three Nigerian state governments (Kebbi Lagos and and Niger States) to address specific economic growth challenges in
agriculture and and youth employment These state governments have pledged $5 million each in
in
matching funds over over the next five years In 2018 and and 2019
USADF and and All On an an an an independent impact investing company seeded with funding from Shell partnered to to increase access to to power in
in
in
in
underserved places in
in
in
in
Nigeria
by providing seed capital and technical support to off-grid energy entrepreneurs Nigeria
Program Focus (Five-Year Profile)
African Institution Building
26%
Off-Grid Energy $8 7M
Investments Made $2M
92
Number of Enterprises 23 $8 9M 518K
New Economic People Activity Generated Impacted
20% 6%
Entrepreneurship
48%
Agriculture • Cassava
• Nuts
• Rice
• Sorghum
Impact Report 2015–2019
$2M
17K