$106M Ilesa Water Loan: Adeleke suspends project, launches probe on disbursement - NaijaAgroNet

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The Executive Governor of Osun State, Senator Ademola Adeleke has directed the immediate suspension of the project consultant for the Ilesa Water Project, Mrs Tawa Williams over questionable handling of $106 million dollar loan for the project.

The State Governor in a statement by his spokesperson, Mallam Olawale Rasheed, ordered full scale probe of the entire project and disbursed loans especially as there is no progress on the project despite reported disbursement of N10 billion and another $28million on the project.

FG to transform agriculture sector to employ youths

President Goodluck Jonathan

The Federal Government (FG) of Nigeria has promised to transform the agricultural sector so as to make the sector a wealth creator and able to accommodate youths.

President Goodluck Ebele Jonathan revealed that the present administration is keen on bringing its plans about transforming the agricultural sector to reality.

The president also affirmed the federal government's initiative to promote the subsistence farming to the establishment of agriculture as a very viable modern-day business.

“We have a very large youthful population and to create enough jobs for them we must develop agriculture, solid minerals and other sectors," President Jonathan said, adding that Nigeria has a lot of untapped potentials which would be beneficial to agricultural development.

He expressed delight over the $74 million about N11.7 billion virtually interest-free loan by the International Fund for Agricultural Development (IFAD) in a bid to support the federal government's agricultural programme.

He said Nigeria as well as himself is proud of the good work by IFAD with loans and grants summing up to $225 million for agricultural development in Nigeria since 1985.

 Yinka Awosanya

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Agricultural loan scheme for Kwara youths

Sen. Bukola Saraki

Serving senator of the Federal Republic and former governor of Kwara State, Sen. Bukola Saraki has expressed resolve to introduce a revolving loan scheme for Kwara youths, reports DailyTrust.

Sen. Saraki said that the loan for youths in the state is to enable them embark on agriculture.

NaijaAgroNet learnt that the former Governor said that taking up agriculture production as a way of guaranteeing food security in the state and country at large, would assist in eradication of unemployment among the youths.

“If all the youths  coming  out of  Nigerian  institutions  of higher learning are properly incorporated into agricultural production within a short period of time,  the country  will  stop  importing certain items  and in turn start  exporting,” he said. 

He also said, there is need for proper implementation of agriculture as it has more capacity to increase the nation’s Gross Domestic Products (GDP) than oil and other mineral resources.

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