….invests 13.79 billion on farmers and entrepreneur. The Foundation for Partnership Initiatives in the Niger Delta (PIND) has unveiled its 2023 Annual Report, showcasing the catalytic impact of strategic investments in peacebuilding and economic empowerment to creating a brighter future for thousands of lives and communities across the Niger Delta.....CONTINUE READING THE ARTICLE FROM THE SOURCE
In 2023, PIND’s initiatives led to the creation of over 14,600 new jobs and significantly boosted agricultural productivity, directly benefiting over 65,000 farmers and small businesses.
The organization’s peacebuilding investment had over 1,200 peace actors trained and 108 conflicts mitigated, ensuring a more stable and secure Niger Delta region.
This was contained in a press statement signed by Raheelah Abdulkareem, Gatefield’s Organizational Development and Corporate Communications Analyst and was made available to journalists in Abuja on Tuesday.
PIND’s Executive Director, Tunji Idowu said. “2023 saw us exceeding expectations and achieving several milestones as we consolidated our previous work and successes while exploring new opportunities.
“Together with our partners, we continued to find creative, people-centered ways to carry out our mission to facilitate peace and equitable economic growth in the Niger Delta.”
According to the statement, the impact of PIND’s work is perhaps best illustrated by the lives it has transformed.
Among the many success stories in 2023, the journey of a smallholder cassava farmers group from Delta State, stands out. Among the thousands of beneficiaries is a woman who struggled to provide for her family due to low yields and limited market access.
Her life changed when she joined a PIND-supported cooperative. With training in modern farming techniques and access to improved seed varieties, her cassava yield doubled within a year.
“My life has changed completely. I never thought I could earn this much from farming. PIND’s support has given me hope and dignity.”
The statement reads in part “PIND’s Market Systems Development project significantly supported smallholder farmers and businesses through NGN 13.79 billion in public and private sector investments. These efforts led to the creation of over 14,600 jobs in the agro-allied and renewable energy sectors.
‘PIND’s dedication to improving lives also extends to healthcare. In partnership with the private sector, PIND provided renewable energy solutions to 12 off-grid healthcare facilities, ensuring continuous power supply for life-saving medical equipment.
The impact was immediate and life-changing, especially for medical personnel in Bayelsa State, who no longer worry about power outages during surgeries.
For doctors and patients, this investment has meant the difference between life and death during critical surgeries.
The communities served by PIND’s programs are among the most vulnerable in Nigeria, often overlooked by larger development efforts.
By investing in these communities, PIND is addressing the root causes of poverty and conflict, fostering environments where peace and prosperity can take root.
” PIND continues to explore new avenues for impact, including the adoption of impact investment, its vision for the future is clear: to build on its successes and drive further progress in the Niger Delta.
A major initiative in this direction is the PIND Impact Investing SPV, which focuses on providing concessional local currency debt to beneficiary companies in the clean energy, agriculture, and youth empowerment sectors.
” PIND is raising a $75 million blended finance facility and a $5 million technical assistance (TA) sidecar facility to support these efforts”.
