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AFDB approves $280m to support Nigerian youths in Agriculture

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AFDB, stated this on Tuesday in Ibadan at the African Youth Agripreneurs (AYA) Forum organised by the International Institute of Tropical Agriculture (IITA), Ibadan. The President of the African Development Bank (AFDB), Dr Akinwumi Adesina, says the $280 million approved by the bank would be used to encourage Nigerian youths to go into agro-business. Adesina, represented by Dr Chiji Ojukwu, a Director in AFDB, stated this on Tuesday in Ibadan at the African Youth Agripreneurs (AYA) Forum organised by the International Institute of Tropical Agriculture (IITA), Ibadan. The News Agency of Nigeria (NAN) reports that forum was convened to attract youths across Africa into agribusiness as well as mentor them to invest in agriculture. Adesina said with IITA training initiative and the financial support from AFDB, more youths would be interested to go into agribusiness. He said that AFDB was working with 33 countries to give assistance to youths in agriculture. Adesina sai...

Agricultural policies in Nigeria and why they failed

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In this article, we will examine the failure of agriculture policies in Nigeria from 1972-1985. We will learn how such factors as lack of proper policy formulation, implementation and evaluation led to policy failure in the agriculture sector in Nigeria.  As Nigerians are an agrarian nation, the history of agriculture in Nigeria can be considered as the history of the people. It is no wonder that agriculture served as the mainstay of the economy during the first decade after independence, and accounting for about 71% of Nigerian foreign exchange earnings. The first half of the 1960’s thus witnessed the era of the groundnut pyramids of the North, the palm-oil of the east, and the cocoa plantation of South-West Nigeria. It should be noted that the Nigeria’s agriculture sector successes were achieved after independence mainly because of the legacies of British colonial rule. The administrative system coordinated by the governor general used an export driven policy system to produce...