Adamawa To Benefit From N1.5bn FG-Accelerated Agric Scheme

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Accelerated Agric Scheme: In an effort to address the unemployment rate in Adamawa State and to achieve Federal Government diversification programme in agricultural sector, the state government is to benefit from the N1.5 billion Federal Government Accelerated Agricultural Development Scheme (AADS).

The scheme is designed to target youth and women between the ages of 18 – 35 years who are Nigerians resident in the state irrespective of the state of origin.

Ahmadu Haruna Waziri, Adamawa State Commissioner of Agriculture, said the state would be participating in two agricultural products of maize production and livestock which every participant must choose within the two and must have a bank account with BVN number.

Ahmadu Waziri made the disclosure at the weekend when he led the Project Monitoring Team for the implementation of the programme in the state in a courtesy call on Governor Mohammed Umaru Jibrilla at the Government House, Yola, even as he said the visit was to intimate him on the activities of the team as well as soliciting for his support.

The Commissioner, who is also the Chairman of the team, told Governor Jibrilla that the programme would be funded by the Central Bank of Nigeria, and that it was expected that the state governments would be beneficiaries and guarantors by depositing some money to the apex bank.

He further explained that no guarantor or collateral was required from the beneficiary provided such a beneficiary “is within the age bracket of 18-25, has a bank account and BVN.”

Ahmadu Waziri pointed out that already about 3,000 youths have applied for the scheme and are waiting for the Central Bank’s approval and that many more were about to key into the programme.

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He said there was no cutting in the number of participating youths as the Central Bank was ready to finance the programme with any number of participants.

In his speech, Alhaji Ahmad Umaru Waziri, the Co-chairman and the representative of the Central Bank, applauded the effort of the Governor for his continued support to the bank in the execution of the different policies and programmes of the Federal Government in the development of the country.

Responding, Governor Mohammed Umaru Jibrilla commended the goodness of the programme in reducing unemployment in the country more especially among the youths.

However, the governor lamented about the aspect of the state government being the guarantor and using the state resources to do that, stressing that from the experience funds given to farmers and others in the past were not being paid back, adding that there were “rampant cases of defaulting.”

Governor Mohammed Umaru Jibrilla was however convinced from the contributions of members of the Project Monitoring Team, that there would be no defaulters as a result of the adequate arrangements put in place.