CBN To Empower 10,000 Youths In Ondo Through Agriculture


The Central Bank of Nigeria (CBN) has announced its plan to empower 10,000 in Ondo state under the new agriculture scheme tagged, “Accelerated Agricultural Development Scheme for which it has earmarked the sum of N1.5 billion.

CBN To Empower 10,000 Youths In Ondo Through AgricultureThis was the statement credited to the Apex bank when its team of experts led by Amina Umar visited Governor Rotimi Akeredolu in his office on Monday in Akure, saying youths between the ages of 18 and 35 years will benefit from the scheme.

Amina Umar, the leader of CBN Delegation, said the move was made to unlock opportunities abound in agriculture and agribusiness in Ondo state and Nigeria, just as he she stressed that the scheme was designed to create jobs for the unemployed youths through mechanized farming.

Umar however, requested the State government to make provide 100 hectares of agriculture land for the scheme to take off in the state.

Responding, Governor Akeredolu, represented by his Deputy, Agboola Ajayi, urged Central Bank of Nigeria to put into consideration geographical location of states in the country while giving incentives to farmers.

The Press Officer in the Deputy Governor’s Office, Sola Omoboyowa quoted the governor to have said that geographical terrain should be considered a priority while rolling out programmes on agriculture, noting that what farmers would spend preparing land for farming varies from zone to zone because of different terrains and weather

He therefore urged CBN to look critically at the issue of its agricultural initiative promising that the state government would support the programme as Ondo state is determined to revamp its economy base through agriculture and agribusiness.

The Governor commended Central Bank of Nigeria for its various agricultural initiatives meant to boost the economy of the country, just as he urged them to ensure that people at the grassroots benefit from the scheme.