African countries

AfDB launches job creation project in Nigeria and 2 other African countries – TechEconomy Nigeria

The African Development Bank (AfDB) has launched a global initiative to improve the lives of young people in three African countries by providing them with job opportunities.

This information can be found in a statement made by Ezekiel Chukwuemeka of the Nigeria Country Department of the AfDB Group.

According to Chukwuemeka, the project will help young farmers attracted to urban agriculture in Nigeria, the Democratic Republic of Congo and Uganda.

Creating Sustainable Micro-Small and Medium Enterprises for Youth through Urban Agriculture, or SYMUF, is another name for the initiative.

The SYMUF project received $937,000 in grants from the African Private Sector Assistance Fund, a multi-donor trust fund managed by the AfDB.

He said the bank is partnering with a consortium of incubation centers in participating countries to implement the project.

These are the Africa Projects Development Centre, APDC, in Nigeria, the International Institute of Tropical Agriculture, IITA-Bukavu, in the DRC, and the African Agribusiness Incubation Network in Uganda.

Speaking at the inauguration in Abuja, Lamin Barrow, Managing Director of the AfDB’s Country Department in Nigeria, said the bank was committed to promoting entrepreneurship.

Barrow was represented by Orison Amu, the bank’s country operations manager for Nigeria.

“The bank is committed to creating jobs and providing income for young Africans, who are attracted to urban agriculture but are not getting jobs, capital or credit to run their agribusinesses.”

Barrow said the project would target unemployed youth and those in the early start-up phase who have not gained popularity due to limited skills and financial resources.

Additionally, Alex Ariho, Managing Director of the African Agribusiness Incubation Network in Uganda, said the SYMUF project will help young African “agripreneurs” overcome the challenges of incubating and managing start-ups.

“Working with all partners, we are committed to making the SYMUF project one of the best projects sponsored by the African Development Bank,” said Ariho.

IITA-Bukavu project coordinator Noel Mulinganya, however, said the bank has been “an important and great partner over the years”.

Also speaking, Chiji Ojukwu, Managing Director of APDC, Nigeria said, “We are grateful to the African Development Bank for believing in the consortium.

“We are also grateful for the opportunity to deploy our expertise in urban agriculture to develop young agripreneurs in these selected African countries.”

Furthermore, Edson Mpyisi, AfDB Coordinator for the ENABLE Youth Programme, said, “This program is designed to empower young people at each stage of the agribusiness value chain as ‘agripreneurs’ by leveraging new skills, technologies and financing approaches. »