AFDB to train 250,000, Agriprneur.
According to information obtained on Sunday night from the bank’s official website where resolutions from the just concluded Sasakawa symposium on contributing to social security and jobs through agriculture held at the 6th Tokyo international conference on African Development (TICAD VI) in Nairobi, Kenya, The President, Africa Development Bank (AfDB), Mr. Akinwumi Adeshina, has said that the bank has earmarked $12.5billon for the training of the next generation of agriculture entrepreneurs (Agripreneurs) in Nigeria and 24 other African countries before 2025.
The money, to be disbursed to 10,000 youths in each country through AfDB’s Empowering Novel Agric-Business-Led Employment for Youth in African Agriculture (ENABLED Youth), is aimed at promoting youth entrepreneurship in agriculture and agro-business.
Adeshina said: “Under the Programme, AfDB, will train the next generation of agriculture entrepreneurs, also referred to as ‘agripreneurs.”The investment required under the ENABLE Youth program to provide 10,000 youth agribusinesses per country is US $0.5 billion, translating to about US $12.5 billion in 25 countries.”
According to him, Governments in the continents can develop agro-business through this by developing agro-allied industrial zones and staple crop processing zones in rural areas.
Furthermore, he said: “The zones, supported with consolidated infrastructure, including roads, water, electricity, will drive down the cost of doing business for private food and agribusiness firms.”