United States Agency for International Development in Nigeria (USAID|NIGERIA) seeks to stimulate economic growth in Nigeria's non-oil sector through the Nigeria Expanded Trade and Transport Project (NEXTT).
NEXTT promotes investments along the LAgos - KAno (LAKAJI) Corridor in agribusiness and infrastructure, taking advantage of the natural trade corridor that is made up of the eight states from the ports of Lagos to the Nigeria - Niger border.
NEXTT is the administrator of the Project Development Facility (PDF) funds, and is responsible for processing applications and implementing approved fund requests.
The PDF is a $2 million special fund created by the USAID|NIGERIA to spur and support agro-allied investment along the LAKAJI transport corridor
Objectives of the PDF
Reduce risk or perception of risk for potential investors
Mobilize private capital for investments along the LAKAJI Corridor
Leverage capabilities of local BDS providers
Support development of projects to make them investment-ready
The Responsibilities of HT-Limited as a Business Development Service (BDS)
Conduct initial review of sustainability for PDF and viability
Assist in filling actionable application on behalf of interested persons
Assist with obtaining baseline project monitoring information for self-assessment
Provide monthly and quarterly updates on project implementation and impact