Youth financed to grow Nigeria’s agriculture

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From EMEKA OKONKWO in Abuja, Nigeria
ABUJA, (CAJ News) – A multi-million dollar youth training centre the Africa Development Bank (AfDB) has financed in Nigeria is set to promote the creation of additional incomes to an increased number of producers and entrepreneurs in the agricultural sector.
This in turn would enhance the diversification of the economy from an overreliance on oil.
AfDB has funded the training centre in Abuja to the tune of US $170 million with a view to provide 120 000 jobs along the value chain of priority commodities.
An additional 20 million tons of key commodity food crops including cassava, rice, and sorghum will be added to the domestic food supply each year.
The first phase of the project will provide training to 200 youth farmers.
AfDB Nigeria Senior Director, Ebrima Faal, reiterated the bank’s support to agriculture in Nigeria, in line with the Government’s Agriculture Promotion Policy (APP: 2016 – 2020) which is building on the successes of the Agricultural Transformation Agenda (ATA).
He added that the support was aligned to the Bank Group’s “High 5” priorities especially the “Feed Africa” Strategy for Agricultural Transformation in Africa (2016 – 2025).
Nigerian Minister of Agriculture, Chief Audu Ogbeh, whoofficially inaugurated the project, to remain steadfast in their mission to promote agriculture.
CAJ News

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Posted by on Mar 31 2017. Filed under Africa & World, Featured, Finance, Finance & Banking, National, Regional. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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