The U.S. has intensified its efforts to tackle unemployment and drive economic growth in Nigeria, particularly focusing on youth and women in Lagos State. Travis Adkins, President and CEO of the United States African Development Foundation (USADF), visited Lagos from August 18 to 21, 2024, to solidify partnerships aimed at promoting gender equality and enhancing economic opportunities [f224c151]. During his visit, agreements were established with Commissioner Akinyemi Ajigbotafe and the Lagos State Employment Trust Fund to empower 10,000 young Nigerians with essential trade skills [f224c151].
In addition to skills training, a new grant was announced for Reeddi Technologies Limited to support off-grid energy solutions, which is expected to further stimulate economic growth in the region [f224c151]. The USADF is also launching a 12-week training program for 400 youths aged 18-35 in the hospitality and fashion sectors, providing them with valuable skills to enhance their employability [f224c151]. Since its inception in 2001, the USADF has committed over $44 million in grants and has supported more than 480 projects in Nigeria, making it the foundation's largest country program [f224c151].
These initiatives align with the recent G7 pledge of $420 million to boost infrastructure in Africa, which Nigeria is poised to benefit from significantly [9131dd24]. The Nigerian government has also unveiled a roadmap to lead Africa's digital trade revolution under the African Continental Free Trade Agreement (AfCFTA), further enhancing the country's economic landscape [cd573113]. With these combined efforts from international partners and the Nigerian government, there is a concerted push towards reducing unemployment and fostering sustainable economic growth in Nigeria [f224c151][9131dd24][cd573113].