Dr Ibrahim Amadou, the Chief Agricultural Economist, AfDB, Nigeria Country Office, unfolded the plan in Abuja on Tuesday, at a training programme for youth farmers.
He said the support was the bank’s 10 years strategy to create jobs for youths in Africa, from 2013 to 2022.
Specifically, the programme is to create business opportunities and decent employment for young women and men along priority agricultural value chains of the various enterprises.
The value chains include aquaculture, crops farming, marketing and processing, among others.
The programme is expected to make agriculture attractive to the youth and also to influence institutional changes, in terms of access to finance, particularly for the youth.
It is geared toward reaching no fewer than 1,000 agri-entrepreneurs per state, who would establish enterprises as individuals and groups.
The businesses are expected to generate 185,000 additional jobs, with total direct jobs of 222,000.
Amadou said the programme would be done in collaboration with the Federal Government in the 36 states of the federation and the Federal Capital Territory (FCT).
According to him, “we are waiting for the government to meet its own obligations before we kick-start the programme.
”The targeted beneficiaries will be in two categories. The first are unemployed young Nigerian graduates from any field of study, who have finished their National Youth Service Corps (NYSC) programme.
”The second are graduate youths, who are already successfully engaged in agribusiness, but have no access to commercial loans to grow,” he said. (TNE)