To curb unemployment and boost food production in Ogun State, 200
unemployed graduates have been offered loans totalling N74.4m under the
Fadama III agricultural programme of the Federal Government.
to a statement, the youths were presented with the cheques on Thursday
by the state governor, Prince Dapo Abiodun, after their training.
governor said the beneficiaries would be incorporated into the Anchor
Borrowers’ Scheme, whereby they would be given free land with
certificates of occupancy issued in their names.
said the beneficiaries’ land would not only be cleared free, they would
also be given seedlings and fertiliser, as well as extension service.
we have secured people who would buy the farm produce and it is a
win-win situation as the loans on offer carry single-digit interest,” he
The governor implored the beneficiaries – selected from
the state’s 20 local government areas – to utilise the funds effectively
in order to achieve the programme’s objectives.
According to the statement, the beneficiaries were trained in rice processing, poultry, fishery, among others.
also said his administration would enrol 40,000 youths in the Anchor
Borrowers’ Scheme with support from the World Bank and the Central Bank
In his remarks, the consultant to the state governor
on agriculture, Dr Adetunji Oredipe, said the Fadama project had
provided an opportunity to strengthen the drive for economic
The National Project Coordinator, Fadama Guys,
Mr Balarabe Abdulrahman, represented by Mr Adeleke Adeyemi, commended
the Ogun State government for its support and keen interest in the
Fadama III project.