Sunday, November 28, 2021

IFAD gives multimillion-naira loan to 148 young Bayelsa farmers

One hundred and forty-eight Bayelsa youths undergoing an agricultural training programme funded by IFAD have received loans of a minimum of N700,0000 each.

• November 25, 2021
Farmers used to illustrate story
Farmers used to illustrate the story [PHOTO CREDIT: Federal Ministry of Information and Culture]

One hundred and forty-eight Bayelsa youths undergoing an agricultural training programme funded by the International Fund for Agricultural Development (IFAD) have received loans of a minimum of N700,0000 each in Yenagoa.

The training was packaged by Livelihood Improvement Family Enterprise in Niger Delta (LIFE-ND), a Bayelsa government initiative.

On Thursday, the youths are aged 18 years and 35 years.

The revolving loan was presented to the trainee farmers through their master trainers.

Paniebi Ugo, the project coordinator of LIFE-ND, presented the cheques to the master trainers who manage the beneficiaries in Yenagoa.

Mr Ugo said in the mentorship programme, which had been ongoing in the last two years, trainees were assigned to established farms where they were trained in cassava, plantain, fish and poultry production.

He advised the trainee farmers to take the project seriously and make a living for themselves.

Mr Ugo charged the beneficiaries to go into business, make profits and pay back the loan in instalments so that others could also benefit.

“LIFE-ND assisted by IFAD aims at increasing beneficiaries’ income, guarantee food security and create jobs for youths between the age bracket of 18years and 35years. Our focus also is on women through agriculture business using the incubation model in the Niger Delta region,” he stated. “This cheque presentation is an epoch making event and a breakthrough for LIFE-ND, IFAD, and Bayelsa state. This programme has two phases – apprenticeship and mentorship.”

Vivian Yerin, one of the master trainers who received a cheque on behalf of the trainees in her mentorship, commended the LIFE-ND for the initiative.

She called for the sustenance of the project to allow many youths to have means of livelihood.

Ms Yerin, a poultry farmer, said with the prevailing realities in the Niger Delta, the project had assisted youths to survive and cater to their families.

She added that it would go a long way in improving beneficiaries’ livelihoods.

(NAN)

More from Peoples Gazette

Bandits

States

Police kill notorious bandit terrorising Kaduna-Abuja highway users

The police said the owner of the guest house where the bandits were lodged, was equally arrested for questioning.

States

Banditry: Gov. Matawalle lifts ban on telecom services in Zamfara

Mr Matawalle said banditry and kidnapping had been substantially suppressed within the period of the telecom shutdown.

Africa

Commonwealth election observers arrive Gambia ahead of December 4 presidential poll

The December 4 presidential election will be the first in The Gambia without ex-president Yahya Jammeh running for office.

Uncategorized

Gbajabiamila inaugurates first ‘Burger King’ outlet in Nigeria

The speaker said the federal government would assist Burger King by making the business climate easier for the fast food chain.

Economy

21 ships discharge petroleum products, other items at Lagos ports

Other items that the ships contain includes general cargo, bulk sugar, base oil, bulk wheat, bulk urea, petrol, frozen fish, and ethanol.

Coleman Cables

Economy

Coleman Cables signs N50 billion bond with SEC

The company says it has acquired the technology and capabilities to manufacture various cables that were previously imported.