Thursday, April 18, 2024

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)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

EFCC

Heading 3

EFCC threatens to deal decisively with thugs corrupt politicians recruit to evade arrest

The EFCC warned that such move will be met with appropriate punitive action.

Economy

Harsh economy forces beer-maker Nigerian Breweries to close two plants

We are committed to limiting the impact on people as far as possible and providing strong support and severance packages to all affected,” said NB

Swedish Parliament

Heading 4

Swedish parliament passes bill to make it easier for people to change their gender

By the new law, 18-year-olds would no longer need the board’s approval to change their gender.

Governor Yahaya Bello and Usman Ododo

Hot news Home top

Gov Ododo breached security, used his official convoy as getaway vehicle for wanted Yahaya Bello to evade arrest: EFCC

It is needful to state that Bello is not above the law and would be brought to justice as soon as possible.

Yahaya Bello and EFCC chair, Ola Olukoyede

Hot news Home top

EFCC secures arrest warrant against fleeing ex-Gov Yahaya Bello

Mr Bello had already appealed to President Bola Tinubu to direct the EFCC not to arrest him.