AfDB Plans Empowerment Scheme for Nigerian Youths

The Africa Development Bank, (AfDB), has announced plans to commence a youth empowerment programme in the 36 states of the federation.

The programme is to gulp 300 million dollars and would be implemented in collaboration with the 36 states in the country.

The Country Director of the bank in Nigeria, Dr. Ousmane Dore disclosed this in Zaria, Kaduna state, at the launch of the bank’s 2016 Annual Economic Outlook, (AEO).

Ousmane said the project targets the graduates who would be trained in agriculture business and other relevant skills that will make them self-reliant.

He explained that at the end of the training the graduates would be assisted with funds to start their agriculture businesses.

“We will incubate them into existing farms and agriculture business and once they go through that incubation period, we will then propose and give them the funds. That, he said has been the missing link.

He also said the AEO already has a 100 million dollar project in Kaduna state in collaboration with the Islamic development Bank and the CBN to deliver the water project, adding that the bank hopes to assist the current administration in its reform programmes.

‘We believe that Kaduna state can show good example in the federation because of the effort put in place for Internally Generated Revenue (IGR) and it is one of the states that have introduced Treasury Single Account (TSA) with a lot of reforms ongoing in the public finance department.’

“We want to start with states that are ready and we believe Kaduna state has the entire requisite needed to be among the first states to benefit from this 300 million dollars programme.

“The project is in partnership with the state and federal government and their responsibility is to provide land, so as to get the funding and the land to kick start production. I can assure you that what I have seen in Kaduna is the best practices that other states can emulate” Ousmane said.

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