Business
FG To Engage 30,000 Graduates As Extension Workers
The Federal Government is to engage 30,000 graduates to serve as agriculture extension workers who will provide strategic support to farmers across the country.
The government also announced on Monday that it had empowered 20 young Nigerian farmers with an initial take off grant of N30m, adding that the fund was provided through the Bank of Agriculture.
Executive Secretary, National Agricultural Land Development Authority, Paul Ikonne, told journalists in Abuja that the graduates would be trained in agriculture extension services including the collection of soil samples and how to conduct soil tests.
He said the approval to engage the graduates was given by President, Muhammadu Buhari, adding that the extension workers would be deployed across the country.
Ikonne said, “Mr. President has given approval to engage over 30,000 graduates who would be engaged under the National Young Farmers Scheme.
“They will be trained intensively for two weeks on soil sample collection and soil tests, as well as other agriculture extension services.”
He said the initiative was basically for graduates of agriculture and other related science courses, as participants would be given the required soil test kits and soil collection sample kits.
The NALDA helmsman said his agency would subsidise the amount to be paid by farmers for the service to be rendered by the extension workers, as only N500 would be required for any soil sample collected for testing.
Ikonne said, “We cannot achieve food security without understanding our soil, without getting our farmers to know what the soil requires.
“So what the soil doctors will be doing is that they will go to every farmland to conduct soil tests first before any farming season in order to know what nutrient the various soils require and what type of fertiliser the crops will need.”
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Blue Economy: Minister Seeks Lifeline In Blue Bond Amid Budget Squeeze

Ministry of Marine and Blue Economy is seeking new funding to implement its ambitious 10-year policy, with officials acknowledging that public funding is insufficient for the scale of transformation envisioned.
Adegboyega Oyetola, said finance is the “lever that will attract long-term and progressive capital critical” and determine whether the ministry’s goals take off.
“Resources we currently receive from the national budget are grossly inadequate compared to the enormous responsibility before the ministry and sector,” he warned.
He described public funding not as charity but as “seed capital” that would unlock private investment adding that without it, Nigeria risks falling behind its neighbours while billions of naira continue to leak abroad through freight payments on foreign vessels.
He said “We have N24.6 trillion in pension assets, with 5 percent set aside for sustainability, including blue and green bonds,” he told stakeholders. “Each time green bonds have been issued, they have been oversubscribed. The money is there. The question is, how do you then get this money?”
The NGX reckons that once incorporated into the national budget, the Debt Management Office could issue the bonds, attracting both domestic pension funds and international investors.
Yet even as officials push for creative financing, Oloruntola stressed that the first step remains legislative.
“Even the most innovative financial tools and private investments require a solid public funding base to thrive.
It would be noted that with government funding inadequate, the ministry and capital market operators see bonds as alternative financing.
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