IITA and Mastercard Foundation engage investors in agribusinesses
IITA and Mastercard Foundation have engaged the organized private sector to create profitable partnerships with youth-led agribusinesses to transform and revolutionize the agricultural sector and unlock its opportunities.
Both organizations made this known at the ‘The Agribusiness Investment Forum” organized by Innovative Youth in Agriculture (I-Youth) held on 18 June.
Speaking at the event, IITA Deputy Director-General, Corporate Services, Hilde Koper, explained that the Institute had done a lot in scaling technologies and innovations while providing the much-needed capacity, knowledge, and skills to attract youth participation in agriculture. However, she conceded that they need more support from investors to retain their interest in the sector.
While singling out Mastercard Foundation for providing necessary funding for agribusiness training, Koper stated that it has become essential for the private sector to provide loans or microcredit to youth-led enterprises to scale their businesses. She stressed that successful youth-led agribusinesses are also a viable employment opportunity for Nigerian Youth.