IITA Bulletin 2346

Page 1

The IITA

CGIAR

No. 2346

26–30 September 2016

AfDB President applauds IITA’s efforts in assisting Africa to feed itself

T

he President of the African Development Bank (AfDB), Akinwumi Adesina, has commended IITA for piloting a sustainable program that is already combining the energies of youth in ventures that could make the continent food sufficient. The President also expressed hope that the creation of young farmers will help stop the continent’s dependence on imported food.

The President made the statement on 27 September when he visited the IITA Station in Abuja with principal officers of the Bank. He was in Abuja to hear the success stories of the IITA Youth Agripreneurs (IYA) in Nigeria and to also inspect the construction of the youth training center funded by the Bank at the station. Commending DG Nteranya Sanginga for initiating an Africa-wide youth-inagribusiness program, Adesina said that only visionary leaders like DG Sanginga could make young men and women billionaires from agribusiness. “Sanginga is doing something remarkable at IITA. He is pragmatic, practical, and result driven, trying always to link results to research and development. The success of the IITA Youth Agripreneurs today is a result of his vision. Listening to IYA has convinced me that Africa has truly embraced agriculture as a business and you (IYA)

DG Nteranya Sanginga welcomes AfDB President Akinwumi Adesina at the IITA Abuja Station.

are the icons of agribusiness today and will be the millionaires and billionaires from agriculture tomorrow,” Adesina stated.

delighted to implement the project with IITA and the Federal Ministry of Agriculture in Nigeria. The focus is to directly support 37,000 businesses and each one having 35 people under them can create about 180,000 jobs…this will greatly reduce unemployment prevalent in Nigeria today. The Bank will also provide finance for youth beneficiaries to run their businesses, set up a business incubation support and access to finance for young people, and enable financial institutions so that young people can access the funds that they need to grow their businesses,” he said.

President Adesina also pledged the support of the Bank towards funding independent businesses for the Agripreneurs and also ensuring that they succeed in Nigeria. He disclosed that the bank had already approved a US$300 million fund for the implementation of the ENABLE Youth project through which IITA, working with the Federal Ministry of Agriculture, will create 37,000 direct jobs in Nigeria. The Bank is also in the process of empowering financial institutions with Going forward, Adesina will be con­cluding the funds to support young Agripreneurs. discussions on the implementation of the ENABLE project in Nigeria so “To support Nigerian youth, the Bank that the initiative can start as soon has launched ENABLE Youth and is as possible.

Agripreneurs from the various Nigeria locations and guests from AfDB and partners based in Abuja listen to AfDB President Akinwumi Adesina’s talk.

www.iita.org


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.