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Nigerian farmers to benefit as foundation invests N30 billion for agro-businesses

Nigerian farmers to benefit as foundation invests N30 billion for agro-businesses

- Nigerian farmers will be accessing a whooping N30 billion for their businesses across the country

- The fund will be channeled towards promoting agro-business and empowering farmers in Nigeria

- According to Leventis Foundation, 25,000 youths and farmers will benefit from the training programme in modern and sustainable agriculture practices

A foundation has assured Nigerian farmers of injecting N30 billion for empowerment and agro-businesses across Nigeria.

The Leventis Foundation said it has spent about N30 billion in promoting agro-business and empowering farmers across the country.

Speaking to journalists in Abuja on Tuesday, June 5, the executive director of the foundation, Hope Usieta, said the release of the funds into Nigeria's agricultural sector is in celebration of the 30th anniversary of the foundation. He said the funding is aimed at assisting farmers and engage in other humanitarian services in Nigeria.

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Usieta said: “The annual budget of the foundation is about N1 billion. Calculate that in 30 years, it gets to about N30 billion within the last 30 years.

‘Three Decades of Service and Enhanced Livelihood’ reflects all of the foundation’s commitment to society in its continued efforts to give back and create well-meaning lives for participants of its training courses."

He noted that the foundation has so far set up nine training institutes in Nigeria and Ghana, with over 25,000 youths and farmers benefitting from the training programme in modern and sustainable agriculture practices.

The training schools in Nigeria are located in Osun, Kano, Kaduna, Gombe, Ondo, FCT Abuja and Edo states.

Usieta added that the foundation would give out N2 million each as seed money to three individuals with business pursuits in agriculture. He said there would be a formal call to present a business plan.

The competition, Usieta said would be themed: “LFN@30 Agribusiness Pitch" which would be graded in three categories; producing winners who will comprise students, past students of the LFN training schools and the general public. He said the winners would be announced and presented with a cheque at the grand finale of the anniversary celebration, a gala dinner.

Also speaking, the chairman of Leventis Foundation Nigeria, Ahmed Mantey, said Leventis Stores will return to Nigeria before the end of 2018. According to him, the process would be operated through a neighbourhood store model.

Meanwhile, previously reported that a foundation had sought the assistance of governor Nyesom Wike for journalist’s book publication

The foundation said the appeal was necessary because of the tremendous impact the book would make in the society.

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It disclosed that the dedication was in admiration, appreciation and commemoration of the governor’s exemplary and laudable landmark developmental exploits, as well as the overwhelming pragmatic approach adopted and demonstrated in the overall advancement of the Rivers state during his tenure as minister and governor.

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