Oyo state launches loan programme for young agribusiness entrepreneurs
The Oyo State Government is rolling out a new loan scheme to support young farmers through the State Agribusiness Development Agency. Debo Akande, Director-General of the agency, announced the initiative at a press conference in Ibadan, aiming to boost youth participation in agriculture and drive economic growth. The programme will provide loans, training, and support to help youths establish and expand their agribusiness ventures. Seyi Makinde and other stakeholders have been commended for their ongoing investment in the sector.
What we know
- The Oyo State Government, via the State Agribusiness Development Agency, is set to start disbursing loans to young farmers.
- Debo Akande stated the initiative aims to empower youths and enhance the agricultural sector.
- Training for participants has begun at the Centre for Skills and Services in Nasarawa State, exposing them to modern agribusiness practices.
- Over 60 youths have participated so far, with support from advisory staff and partner organisations.
- The government has previously empowered hundreds of youths with materials, training, and loans, and continues to collaborate with financial institutions for youth agropreneur financing.
