Nigeria’s economy is the largest in Africa, worth over one trillion dollars. Its economy has large oil reserves, which represent approximately 80% of its exports and half of its government revenue. Yet, the informal sector in Nigeria remains a significant source of employment and employs between 50-65% of the Nigerian workforce. Although Nigeria is known for its vibrant economic urban centers, rural development remains limited. Climate change also poses additional challenges to traditional farming methods.
Since 2013, MEDA has worked with women and youth in Nigeria to support them as they run businesses in the agro-processing and food industries in rural regions of the country. Over the years, MEDA has supported small entrepreneurs and farmers in the groundnut, soy, rice, vegetable, banana, livestock, honey, cassava, and cocoa value chains. Through education and training opportunities, the business environment for women and youth has improved, with strengthened community and family supports.
“We wouldn’t have been able to survive (in) the market without such big support from MEDA.”