The Global Alliance for Improved Nutrition (GAIN), a Swiss-based foundation, launched in 2002 at a Special Session of the UN General Assembly on Children to tackle human suffering caused by malnutrition, is calling on women and youth-led agribusinesses, farmers associations and cooperatives to apply for its Microgrant Funding Opportunity. This second edition of the Microgrant is a funding opportunity for nutritious food businesses with food products from Vitamin A Maize, Vitamin A Cassava, and Orange-Fleshed Sweet Potato, operating in Kaduna, Benue, Nasarawa, and Oyo states.
Agribusinesses play a vital role in Nigeria’s economy, contributing significantly to employment generation, food security, and overall economic development. However, access to finance has been a persistent challenge for agribusinesses in the country, limiting their growth and potential impact. One of the primary obstacles faced by agribusinesses in Nigeria is financing for innovative agribusiness solutions, high-interest rates offered by banks and other financial institutions are another significant barrier for agribusinesses seeking loans in Nigeria. Through its Strengthening Nutrition in Priority Staples Project, GAIN is seeking to provide an opportunity for over 30 nutritious food businesses to access micro-grant funding in Nigeria.