The Federal Capital Territory Administration (FCTA), has commenced the sensitization campaign on the implementation of the Accelerated Agriculture Development Scheme (AADS) of the Central Bank of Nigeria (CBN).
The FCTA, a Federal Government special agricultural programme under Nigeria’s apex bank had earlier keyed into the scheme, which targets about 10,000 young farmers in FCT and per state. The sensitization kick started 27 Feb 2018.
According to the Agriculture and Rural Development Secretariat (ARDS) if the scheme is successfully implemented, it would take unemployed youth off the streets and help maintain food stability in Nigeria.
The criteria for participation in the scheme in age is 18-35 years and must belong to cooperative organizations. Farmers will also be required to open accounts with the Bank of Agriculture (BOA).
Each state is also expected to identify a maximum of two commodities where it enjoys a comparative advantage and the FCT has identified maize and cassava as the two commodities of preference.
These scheme is a departure from past intervention schemes where cash was given directly to beneficiaries who sometimes used the money for a different purpose.
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