Home Nigeria IITA and the MasterCard Foundation exhort investors to support agribusiness

IITA and the MasterCard Foundation exhort investors to support agribusiness

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African women plucking tea leaves on plantation in Kenya, Africa.

The organized private sector has been urged by the International Institute of Tropical Agriculture, Ibadan, and the MasterCard Foundation to form successful alliances with youth-led agribusinesses to transform and revolutionize the agricultural industry and open up opportunities in the sector.

The organizations made this public, according to a statement, at the “Agribusiness Investment Forum” hosted by Innovative Youth in Agriculture.

Hilde Koper, the IITA’s deputy director-general for corporate services, said during the event that although the institute has made significant progress in scaling technologies and innovations while providing the critical capacity, knowledge, and skills required to draw young people into agriculture, there is support from investors to help maintain their interest in the field.

Koper praised the Mastercard Foundation for providing the essential money for agribusiness training but added that it was now crucial for the private sector to step in and help youth-led businesses grow by providing loans or microcredit.

The organized private sector has been urged by the International Institute of Tropical Agriculture, Ibadan, and the MasterCard Foundation to form successful alliances with youth-led agribusinesses to transform and revolutionize the agricultural industry and open up opportunities in the sector.

The organizations made this public, according to a statement, at the “Agribusiness Investment Forum” hosted by Innovative Youth in Agriculture.

Hilde Koper, the IITA’s deputy director-general for corporate services, said during the event that although the institute has made significant progress in scaling technologies and innovations while providing the critical capacity, knowledge, and skills required to draw young people into agriculture, there is support from investors to help maintain their interest in the field.

Koper praised the Mastercard Foundation for providing the essential money for agribusiness training but added that it was now crucial for the private sector to step in and help youth-led businesses grow by providing loans or microcredit.

Chidinma Lawanson, Country Head of the Mastercard Foundation in Nigeria, also spoke at the event. She said that the foundation aims to use the youth population in Africa to achieve its goal of creating seven million respectable and satisfying jobs in the agricultural sector.

According to Aline Mugisho, executive manager of the I-Youth Project, the institution has helped to provide young people the ability to become catalysts for innovation and technology, but they lack the essential resources to see their ideas through to completion.

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