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Nigeria to launch $299.62 million Youth-In-Agriculture Scheme

Staff writer |
The Director-General, International Institute of Tropical Agriculture, IITA, Nteranya Sanginga, said the Federal Government would launch N59.7 billion ($299.62) Youth-In-Agriculture Scheme in September.

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Mr. Sanginga, who disclosed this in an interview with the News Agency of Nigeria in Ibadan, said the scheme would be sponsored by the federal government and the African Development Bank, AFDB.

The director-general said IITA would train those enrolled in the scheme, adding that beneficiaries would be trained on how to make agriculture a business with good networking.

"The programme tagged "Enable Youth Empowerment Agribusiness programme, will engage youths in agribusiness for 18 months to enable them learn how to make agric business plan.

"Each will be given between $25,000 and $300,000 as loan to start a business.

"The programme started by IITA in 2012, was taken over by the federal government and AFDB to create employment in agric sector.

"To support this objective, the programme will be extended to 36 states and Abuja in September.

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