AfDB, FG to spend $300m on youth agric scheme


AfDBThe African Development Bank (AfDB) has disclosed plans to spend about $300 million on the Enable Youth Empowerment Agribusiness Programme.

The project is to be implemented in partnership with the Federal Ministry of Agriculture and Rural Development within 18 months.

AfDB Director of Agricultural and Agro- Allied Industries, Dr. Chudi Ojukwu, said the three-year project would enable training and funding of young graduates, who are interested in farming across the country.

The programme is expected to encourage youths into agriculture, thereby increasing food sufficiency, reducing unemployment with each recipient to benefit $75, 000.

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