Connect with us

News

Tackling youth unemployment: Cote d’Ivoire sends mission to Nigeria to tap IITA youth agripreneur model

Published

on

Cote d’Ivoire, Africa’s largest cocoa producer, has sent a delegation to Nigeria to understudy the International Institute of Tropical Agriculture (IITA) Youth Agripreneur (IYA) Model, as part of efforts to revamp its agriculture and address its growing youth unemployment, IITA said today.

The 10-man delegation understudying the IYA model was led by Karitia Caulibaly, Deputy Director of Cabinet, Ministry of Youth Employment. The team wants to get firsthand knowledge of IYA, as the country prepares to sign up to the African Development Bank’s funded program on youth in agriculture titled: ENABLE Youth.

The IYA model is a job creation and mind-set changing program aimed at attracting young men and women to agriculture by exposing them to the opportunities in the agriculture value chain, while at the same time providing training and mentorship to the youngsters.

Initiated in 2012 by the Director General of IITA, Dr Nteranya Sanginga, the IYA model came to limelight after it successfully drew young people to agriculture with some of them establishing their own businesses and creating decent jobs for themselves. The initiative is currently being supported by the African Development Bank under the bank’s ENABLE-Youth program.

IITA director general, Dr Sanginga said the IYA model was established as a means of creating a career path for unemployed young people in agriculture by training, coaching and mentoring the youths to embrace agriculture as an income generating option. He added that the successes recorded from the IYA model was recognized by other institutions including the AfDB and had been adopted for replication and expansion through projects like ENABLE-Youth.

ALSO READ  Veteran cassava researchers win 2018 Golden Cassava Prize

The Head of Youth in Agribusiness Office, Ms. Evelyn Ohanwusi said the training received under IYA had transformed many young people with many of them migrating from being job seekers to job creators. She added that some of the young people had established independent agribusiness enterprises which are providing jobs for several other youths.

The ENABLE Youth Coordinator in Cote d’Ivoire, Guy-Herve Pillah, while giving an update on the ongoing activities of ENABLE Youth program in that country said the team had selected sites that would serve as incubation centers for the beneficiaries of the program. “The renovation of the sites to suit the purposes of the program would commence in earnest,” Pillah added.

The Cote d’Ivoire delegation also visited some IYA business spin-offs in Ibadan and Abuja.

In Abuja, the team was delighted over the progress made by Onyeka Okaro, the Chief Executive Officer of Yeka Farms. Yeka Farms is located in Apo, a suburb in the Federal Capital Territory. Giving a background into the start of the business, Okaro explained that during his incubation  period between 2016 and 2017 at IITA, he saved money from the stipend earned to establish Yeka farm. To further expand his business, he developed a business plan and applied for funding under the ENABLE-TAAT program which was approved after adequate scrutiny.

ALSO READ  Researchers employ SAH technology to speed up multiplication of cassava planting materials

“The training I had during my incubation period was sufficient as it was experiential. It was both on the field and practical in approach. The content was technical and covered business management and ICTs. I did not have an agricultural background when I joined the program but today, I run my farm myself. I hope this will inspire one more person to take up farming. I will use the new funds to expand my farm and diversify into fish smoking,” he said.

Okaro also revealed that he had placed an order for an automated fish smoking kiln from the Nigeria Institute for Oceanography and Marine Research.

The head of the delegation, Ms Caulibaly said the experience with the youths  in Nigeria inspired her to embrace farming.

Comments

News

Senate Approves Tinubu’s $500m Loan for Power Sector Boost

Published

on

By

The Nigerian Senate has approved President Bola Tinubu’s $500 million loan request intended to bolster the operations of the Bureau of Public Enterprises (BPE) to enhance the financial and technical performance of electricity distribution companies, ultimately benefiting citizens.

The endorsement, announced on Tuesday, follows a thorough examination of the report presented by Senator Aliyu Wamakko, who heads the Senate Committee on Local and Foreign Debts overseeing the 2022 – 2024 External Borrowing (Rolling) Plan specifically for the Bureau of Public Enterprises (BPE).

During the presentation of the report, Senator Haruna Manu, serving as the Vice Chairman of the Committee, emphasised the importance for the Senate to duly receive and deliberate upon the report of the Committee on Local and Foreign Debts concerning the 2022 – 2024 External Borrowing (Rolling) Plan for the Bureau of Public Enterprises (BPE).

The $500 million loan constitutes a portion of the $7.94 billion loan originally requested by President Bola Tinubu on November 1st, 2023, within the framework of the 2022-2024 external borrowing plan. In addition to the $500 million, President Tinubu also sought approval for a €100 million loan.

However, during a special plenary session on December 30, the Senate greenlit the borrowing of $7.4 billion after careful consideration of the report furnished by the Committee on Local and Foreign Debt.

ALSO READ  Catholic bishops advocate review of Nigeria’s security architecture

 

Continue Reading

News

Melinda Gates Resigns from Gates Foundation, Set to Receive $12.5 Billion

Published

on

By

In this file photo taken on September 26, 2018, Bill Gates and his ex-wife, Melinda Gates, introduce the goalkeepers event at the Lincoln Center in New York. Ludovic MARIN / AFP

Melinda French Gates announced Monday she was leaving the philanthropy mega foundation she established with her ex-husband, Microsoft co-founder Bill Gates.

The resignation, which becomes effective on June 7, will leave Bill Gates as the sole chair of one of the world’s most influential and powerful non-governmental organizations.

“After careful thought and reflection, I have decided to resign from my role as co-chair of the Bill & Melinda Gates Foundation,” Melinda French Gates wrote in a statement posted on social media.

The statement gave no reason for her departure, but noted that “under the terms of my agreement with Bill, in leaving the foundation, I will have an additional $12.5 billion to commit to my work on behalf of women and families.”

The couple married in 1994 but announced their divorce in 2021.

They had continued to co-chair the foundation which they established in 2001 with the vast wealth acquired through the success of Microsoft.

With a focus on child poverty and preventable diseases, the foundation has been heavily involved in fighting malaria and in providing toilets and sanitation in poorer parts of the world.

The foundation’s website says it has spent $53.8 billion since 2000, and claims the number of children around the world who die before their fifth birthday has halved in this time.

ALSO READ  Ibadan City Master Plan Won’t Lead to Demolition, Oyo Govt. Allays Fears.

Bill Gates thanked his ex-wife for her “critical contributions” to the organization.

“As a co-founder and co-chair Melinda has been instrumental in shaping our strategies and initiatives, significantly impacting global health and gender equality,” he said.

“I am sorry to see Melinda leave, but I am sure she will have a huge impact in her future philanthropic work.”

The organization’s chief executive, Mark Suzman, said its name would change to simply the Gates Foundation — it has been known as The Bill & Melinda Gates Foundation.

“I truly admire Melinda, and the critical role she has played in starting the foundation and in setting our values, she has played an essential role in all that we’ve accomplished over the past 24 years,” he said in a video posted to social media.

“I will miss working with her and learning from her. I look forward to seeing her continued impact.”

 

 

Continue Reading

News

EFCC calls on banks’ compliance officers to uphold confidentiality

Published

on

The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has urged Compliance Officers of Banks nationwide to refrain from unauthorised disclosure of EFCC’s investigative activities and requests made to banks’ customers.

Speaking through the Acting Zonal Director of the Ibadan Zonal Command of the EFCC, ACE I Hauwa Garba Ringim, during a stakeholders’ meeting with Compliance Officers of Banks in Oyo State on Tuesday, Olukoyede emphasised the detrimental impact such disclosures have on the investigation of financial crimes and the timely filing of corruption cases in court.

Olukoyede expressed concern over the tacit support fraudsters receive from the Nigerian banking sector, highlighting the challenges it poses to the Commission.

He urged Compliance Officers to promptly respond to EFCC’s correspondence with certified true copies of relevant documents, as this facilitates swift investigation processes.

Also, Olukoyede addressed the illegal trading of naira with Point-of-sale (POS) operators, stressing the need to curtail such practices for the benefit of Nigerians.

In response to the chairman’s directives, Compliance Officers assured the EFCC of their unwavering support and commitment to enhancing collaboration between the Commission and banks for more effective anti-corruption efforts.

 

ALSO READ  Drama as FAAN official ‘steals $600’ from pilgrim
Continue Reading
Advertisement

Tweets by ‎@megaiconmagg

Subscribe to our Newsletter

* indicates required

MegaIcon Magazine Facebook Page

Advertisement

MEGAICON TV

Trending