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Oyo engages 1,000 youths, flags off $50m agricultural investment

Oyo State government is creating new investment in agriculture and agribusiness worth $50 million, with over 1,000 youths engaged under the first phase of the Youth Entrepreneurship in Agribusiness Project (YEAP).

The programme is being administered by the Oyo State Agribusiness Development Agency (OYSADA). The newly launched scheme is expected to empower 15,000 women and youth through agribusiness entrepreneurship by 2028 and generate 45,000 indirect jobs in the long run.

Thirty percent of the beneficiaries in the phase of the scheme are females, who will be incubated at the IITA-Oyo State Agribusiness Park in Awe, where they will receive both technical and entrepreneurial training and start-up grants to establish sustainable income-generating activities in agriculture and related enterprises.

Speaking at the launch and commissioning of Oyo State Agribusiness Development Agency (OYSADA) headquarters in Saki, Governor Seyi Makinde said that the YEAP initiative would enhance young people’s access to employment opportunities and well-paying jobs in agriculture and related enterprises.

Read Also: Oyo reduces running, overhead costs, cuts external debt by $24m – Makinde

“The project complements ongoing work by OYSADA in the Oyo State Youth in Agribusiness Programme and seeks to promote social and occupational inclusion of youth in profitable ventures that will create income, decent, sustainable jobs in the tomato, vegetable, cereal, livestock, roots and tuber value chains and seed production.

“Oyo State youths are to be the major contributors to the development of agribusiness in the state. The present government is working towards making Oyo state the agricultural hub of Nigeria.

“The first phase of the YEAP will benefit 1,000 unemployed young people. Furthermore, through capacity-building, the project will have qualitative implications for the state’s food security and nutritional status, which is already among the best in Nigeria.”

Idris Akinteye, one of YEAP beneficiaries from Kajola local government, Oke-Ogun, remarked: “This is my first time of being in this kind of gathering, and I really commend Governor Makinde for this laudable programme, with this, I can say that youths in the state have a bright future.”

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