fbpx
Edit Content

West Africa Trade And Investment Hub – Covid-19 Rapid Response in Nigeria Expression Of Interest (Grant $250k – $1M)

Covid-19 Rapid Response In Nigeria

The West Africa Trade and Investment Hub Activity (The Trade Hub) of the United States Agency for International Development (USAID) is accepting Expressions of Interest (EOIs) from eligible applicants to fund the COVID-19 Rapid Response in Nigeria.

See Also: 2021 TEF Entrepreneurship Programme For African Entrepreneurs ($5,000 Seed Capital)

The purpose of the Trade Hub activity is to promote and expand employment, trade, and investment opportunities both within the West Africa sub-region and international markets. This Annual Program Statement (APS) focuses specifically on advancing the purpose in Nigeria within the context of Covid-19.

Start Your Business in 30 Days Even If You Don't Have An Idea
Start Your Business in 30 Days Even If You Don’t Have An Idea

See Also: Are you interested in starting your own business? You can get the resource to start the particular business you want here. The entire work has already been done for you. You just need to follow the guide.

About The Trade Hub

The USAID-funded Trade Hub activity is a five-year trade and investment facilitation intervention that seeks to improve private sector productivity, profitability, and competitiveness in West Africa. By co-investing with the private sector and other organisations through its grant fund; the Trade Hub will encourage additional private sector investment and growth in strategic sectors. This include but not limited to: agriculture, services, water/sanitation, clean renewable energy, and light manufacturing.

Basically, a current priority of the Trade Hub is supporting West African small and medium-sized enterprises (SMEs) who are vulnerable to the coronavirus pandemic (Covid-19); a public health crisis projected to have the largest economic impact since the Great Depression.

Through its co-investment grant facility, the Trade Hub will co-invest a total of $14.4M with the private sector to support projects that mitigate the financial and economic impacts of the pandemic. Such projects will provide companies in Nigeria, including SMEs, access to funding opportunities that help them stabilize their business and ensure continued growth during and after the pandemic.

Who Can Apply For The COVID-19 Rapid Response In Nigeria?

The Trade Hub will accept Expressions of Interest (EOIs) from the private sector through a rapid review process. Hence, if you submit an EOI that are deemed practical for further development/negotiation, you will be invited to co-create a full application with the Trade Hub team for a co-investment project that may lead to a grant award valued between $250,000 to $1,000,000.

Also, you must demonstrate financial commitment towards your project at a minimum 1:1 ratio (with higher leverage ratios preferred) of the funding requested from the Trade Hub. The Trade Hub may allow these co-investments to be timed later in the grant period after markets and trade recover from crisis.

Focus Area OF The COVID-19 Rapid Response In Nigeria

Co-investment projects in Nigeria are restricted to the following seven states and five value chains:

States: Benue, Cross-River, Delta, Ebonyi, Kaduna, Kebbi, Niger

Value Chain: Aquaculture, Cowpea, Maize, Rice, Soybean

The Trade Hub is interested in co-investing in the following areas in the above states and value chains:

  1. Input Production and Supply
  2. Financial Institutions and Advisors (FI&A)
  3. Mechanization
  4. Farming & Food Production
  5. Extension and Advisory Services
  6. Aggregation and Value Addition
  7. Agro-Processing
  8. Improved Post-Harvest Handling & Storage
  9. Market Access & Marketing
  10. Digital Solutions & Precision Agriculture
  11. Food Distribution & Transportation
  12. Aquaculture

See Also: US Mission To Nigeria: FY 2021 Ambassador’s Special Self-Help Program ($10,000 Grant)

The deadline for application is 31 March 2021. Are you interested in the Covid-19 Rapid Response grant in Nigeria? Submit an Expression of Interest (EOI) electronically to the Trade Hub using the form available at https://smart.fluxx.io/apply/watihcovid.

Let’s create visibility for your brand today and put your business on the world map. Contact us today to make your brand the preferred choice among our audience of entrepreneurs and business leaders.

Go from idea to starting your business in 30 days
Go from idea to starting your business in 30 days

To keep track of our activities, follow us on Instagram.

Share:

Facebook
Twitter
LinkedIn

Leave a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Join Entrepreneurs Family

No spam, only business insights and tips. 

Entrepreneurs Sign Up

Business Registration

Most Popular

Join Entrepreneurs Family

No spam, only business insights and tips. 

Entrepreneurs Sign Up

Related Posts

Mistakes when filing annual returns

Common Mistakes to Avoid When Filing Annual Returns With CAC

Filing annual returns with the Corporate Affairs Commission (CAC) is a mandatory task for businesses in Nigeria. It confirms the operational status rather than the financial performance of the business. Yet, entrepreneurs often encounter pitfalls that can be easily avoided. What are the common mistakes business owners make when filing

Advantages of Filing Annual Returns

Advantages of Filing Annual Returns For Your Business In Nigeria

Filing annual returns is a crucial step for every business and it has many advantages. It’s not just about meeting a legal requirement—it’s a move that sets you up for long-term success. In this article, we’ll look at the advantages of filing annual returns, and why taking annual returns seriously

Filing annual returns

A Step-by-Step Guide To Filing Your Annual Returns in Nigeria

Filing annual returns is a critical legal requirement for every registered business in Nigeria. It’s not just about keeping your business in good standing; it’s about transparency and accountability to regulatory bodies like the Corporate Affairs Commission (CAC). The process can seem daunting, but it’s essential for maintaining your business’s

How to file annual returns

How to File Annual Returns for Businesses in Nigeria

Filing annual returns is a pivotal event in the corporate calendar of any Nigerian business. It is not just a legal formality; it’s a declaration of your company’s existence and an affirmation of its compliance with local business laws. In this article, we will look at how to file annual

Scroll to Top

Join Entrepreneurs Family!

Get access to FREE business insights and funding opportunities daily.

Entrepreneurs Sign Up