AfDB, Nigeria to spend $300m on Youth Agriculture Scheme

The African Development Bank (AfDB) and the Federal Government of Nigeria are planning for long-term solutions to youth employment in the agricultural sector. AfDB’s Director of Agriculture and Agroindustry, Chiji Ojukwu disclosed this information recently in a top level meeting with Nigeria’s agricultural authorities, in Abuja, according to The Nation.

$300 million will be spent on the Enable Youth Empowerment Agribusiness Programme. The project is to be implemented in partnership (AfDB with Nigeria’s Federal Ministry of Agriculture and Rural Development) within 18 months.

The scope and impact of this initiative would create 250,000 jobs; the beneficiaries would be trained at various incubation centres on all aspects of value chains, with each beneficiary of the project supported with about US $75,000.

Ojukwu said the three-year project would enable training and funding of young graduates, who are interested in farming across the country. “A total of US $300 million would be accessed to cover the three year project which would bring young graduates together and train them for 18 months as entrepreneur farmers.”

In a statement by the ministry’s Director of Information, Tony Ohaeri, the Agriculture Minister, Chief Audu Ogbeh disclosed that the project would commence from the three Federal Universities of Agriculture in the country.

“The initiative would create 250,000 jobs; the beneficiaries would be trained at various incubation centres on all aspects of value chains, with each beneficiary of the project supported with about US $75,000. The project would cover the 36 states including the FCT, while the Agricultural transformation Agenda (ATA) would be expanded through the processing zones.”

The Minister tasked International Institute of Tropical Agriculture (IITA), who came to present him the concept note on the youth agriculture scheme, to intensify efforts towards researching into the conversion of cassava leaves into animal feeds, while some components of the Labour Intensive Family Enterprise (LIFE) of the ministry could be built into the youth empowerment initiative.

IITA Director-General, Nterayana Saginga, called for a change in the mindset of the young graduates, saying that the IITA’s experiment in the past on young unemployed graduates revealed that they could make good turn over on their investments. He pledged the readiness of IITA to provide necessary support to the ministry.

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