Establishing Strategic Partnerships
CNFA’s private-sector-driven approach to development also strives to cultivate and establish new linkages among all the actors within the operational reach of each project.
In Nigeria, for example, CNFA’s USAID-funded Feed the Future Nigeria Agribusiness Investment Activity signed 86 memorandums of understanding (MOUs) aimed at strengthening the enabling environment for agribusiness finance and investment in the country.
These MOUs—which comprise agribusiness enterprises, financial institutions, investment firms, farmer associations, state governments, private-sector organizations and others—sustainably link thousands of micro, small and medium-sized enterprises and producer organizations to high-performing commercial actors in the rice, maize, soybean, aquaculture and cowpea value chains.
MOUs were also signed with the Nigerian National Accreditation Services, the Nigerian Economic Summit Group, and the Nigerian Investment Promotion Commission to leverage resources and address product-quality standards and investment constraints within Nigeria’s agribusiness sector.
These MOUs facilitated through CNFA’s efforts will help to support innovative funding approaches that expand access to capital, address legal and regulatory bottlenecks, and make possible increased lending to the agriculture sector.