Business
Firm Moves To Make Youth Agribusiness Entrepreneurs
Synergos Nigeria, an agriculture transformation supporting group, says its Farm Lab Initiative is designed to prepare youths between the ages of 18 and 35 years to become agribusiness entrepreneurs .
The Country Director of Synergos, Mr Adewale Ajadi, said this in an interview with newsmen in Abuja, Monday.
He said that the Farm Lab Initiative was implemented under the State Partnerships for Agriculture (SPA) project of Synergos, in conjunction with the Federal Ministry of Agriculture and Rural Development.
“SPA and ministry are organising an Agriculture Boot Camp on Livestock Farming to give interested young Nigerians between the ages 18 and 35 an opportunity to become agribusiness entrepreneurs at no cost.
“The policy intervention in this project is on livestock production and entrepreneurship education.
“Part of the challenges facing agriculture is how to secure the interest of young people in agriculture. How do we show them that agriculture is a viable means of getting employment and becoming an entrepreneur?
“The Youth Farm Lab Initiative is designed to target young persons in Ogun, Oyo and Lagos states,” he said.
Ajadi said that the programme would have about 150 youths, adding that it was designed to give the beneficiaries two-month training in goats, pigs and snails production via an entrepreneurial approach.
“There would be practical classes in Lagos, involving six weeks of basic education, one week of field work and two weeks of internship. The goal of the project is to let the beneficiaries understand what it takes to go into livestock and snail production.
“They will also acquire extra knowledge about the things they need in terms of health care support for the kinds of animals they breed.
“The programme will also develop plans for employment or start-up of businesses, while interacting with potential financiers who can fund the beneficiaries’ projects.
“We do not have funds to give out but other programmes like FADAMA can take up the programme and expand it; we are providing this for those that have the means to expand on it,” he said.
Also speaking, Mr Victor Adejoh, Synergos Field Manager, said that the initiative was to encourage youths to engage in agriculture.
He said that Synergos was working closely with the Federal Ministry of Agriculture and Rural Development to support these young people.
He added that the ministry was providing a linkage between Synergos and the youth, giving technical support, building the farmers’ capacity and making agriculture attractive to the youth and women.
“The 50 candidates have been selected to participate under the first batch of this agric innovation lab project. The same applies to the second and third batches; making the total number 150 candidates.
“We really want youths and women to be fully involved in developing Nigeria’s agriculture sector because they have what it takes to develop the sector.
“Besides, women and youths are obviously ready to work with any technology that is presented to them.”
“Payment of tuition fees for undergraduate/postgraduate studies shall be subject to a maximum limit of $25,000.00 per semester,” the Manual states.
The expansion of international card limits also reflects growing confidence among lenders that foreign exchange liquidity has improved enough to support retail dollar transactions.
Speaking recently at the BusinessDay 14th Annual CEO Forum in Lagos, CBN Olayemi Cardoso, governor of the CBN said buying and selling activities now increasingly determine outcomes in the foreign exchange market, unlike in the past when market participants relied heavily on routine Central Bank interventions.
According to Cardoso, Nigeria’s net foreign exchange reserves have risen from just over $3 billion at the start of the reform programme to more than $40 billion, while gross reserves have climbed to about $52 billion, providing stronger confidence for investors and enabling the Central Bank to reserve interventions for periods of market stress rather than day-to-day liquidity management.
The restoration and expansion of international naira card spending limits are increasingly being seen as one of the clearest signs that the benefits of the CBN’s foreign exchange reforms are beginning to reach households, students and businesses making legitimate cross-border payments.
The Secretary-General and Chief Executive Officer, WEC, Dr Angela Wilkinson, disclosed this in a statement, last Thursday.
“Nigeria’s participation comes at a pivotal time as the country seeks to expand energy access, strengthen energy security, accelerate gas development and mobilise the capital required for industrialisation and sustainable economic growth.
“WEC Nigeria will convene leaders from across the energy ecosystem, apply the WEC’s globally recognised Energy Trilemma framework to Nigeria’s unique context, and promote evidence-based dialogue, practical collaboration and informed policymaking.
“It will also ensure that Nigerian and broader African perspectives contribute meaningfully to global energy conversations,” she said.
Wilkinson expressed confidence that Nigeria would play a significant leadership role at the World Energy Congress scheduled for Riyadh in April 2027 and beyond.
The statement also quoted the Chairman of WEC Nigeria, Isa, as describing the country’s participation as an opportunity to deepen national and African leadership within the global energy community through practical solutions tailored to regional development priorities.
He said the platform would promote collaboration across sectors and attract sustainable investments into Nigeria’s energy sector.
The Chief Executive Officer of WEC Nigeria, Wunti, was quoted in the statement as saying that the council would connect leadership, evidence and investment to build a secure, affordable and sustainable energy system.
“This system will be capable of driving economic growth and shared prosperity.”
According to him, the platform will also connect Nigerian institutions and businesses with international knowledge, technology, partnerships and investment opportunities through the World Energy Council’s global network.
Recall that WEC, founded in 1923, is the world’s oldest independent and impartial community of energy leaders and practitioners, advancing informed, collaborative and practical action across the global energy system.