AFDB Releases $280m To Support Agriculture In Nigeria

Akinwunmi Adesina, AFDB President

In a bid to boost Agriculture in Nigeria, The African Development Bank (AfDB) has released the sum of $280 million.

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Dr. Akinwunmi Adesina, AFDB President, who disclosed this at the African Youth Agripreneurs (AYA) Forum in Ibadan on Tuesday, noted that the funds is to support the Nigerian youths who are interested in Agriculture.

Adesina who spoke through Chiji Ojukwu, a Director in the bank said twelve other countries were on the line to get the assistance from the regional bank this year, adding that 33 countries in Africa were being targeted to benefit from the financial support.

He revealed that 37,000 youths between the ages of 18 and 35 who are graduates are being targeted in Nigeria, saying that $50,000 will be given to them to execute their agricultural programmes.

He added that 10,000 youths are being targeted in the four other African countries that had already gotten the financial assistance.

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He said “this 10,000 ‎youths being targeted including the 37,000 youths in Nigeria are expected to create employment and this will reduce the unemployment rate being witnessed now in most African countries.” ‎

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