Oyo State Government partners FCMB to empower 1,000 youths with N1.5bn
The Oyo State Government has announced plans to support 1,000 young agropreneurs with a ₦1.5 billion fund in a renewed push to expand its agribusiness sector. The Director-General of the Oyo State Agribusiness Development Agency (OYSADA) and Executive Adviser to Governor Seyi Makinde on Agribusiness and International Cooperation, Dr Debo Akande, made the disclosure on Monday during the Omituntun 2.0 Inter-Ministerial Briefing held at the Governor’s Office in Ibadan., Dr Akande revealed that the state has so far trained 5,020 youths in various aspects of agribusiness, noting that 1,000 of those with active enterprises are to benefit from a government-backed financing initiative in collaboration with First City Monument Bank (FCMB). He also stated that the Makinde-led administration has attracted over ₦46.6 billion in agribusiness investments and accessed nearly $170 million in international development and agribusiness funds. These efforts, he said, have ...
