In order to end youth restiveness in the country as a result of lack of employment, the President of Stock and Mina Agricultural Advocacy Network Africa (SMAANA), Mr. Joseph Idoko has revealed an agribusiness plan that will create 40,000 new jobs.
The SMAANA president made this known during a programme organized to sensitize members of Staff of the Abuja Municipal Area Council (AMAC) in Abuja a which was part of sensitization of government workers going on across the country.
He called on workers in both the public and private sectors to take advantage of the opportunity.
According to him, “Because ordinarily, one hectare of oil palm plantation can comfortably employ between four to six direct workers and 10 casual workers.
“If we have 10,000 hectares and we employ four persons on each, it means we have created job opportunities for about 40,000 Nigerian youths that are roaming the streets,’’ he said.
Idoko, who spoke on the minimal nature of risks associated with the scheme, said liquidity is about the only risk involved in the business which cannot be avoided considering the long term nature of the business.
“The major risk to this business is liquidity, what do I mean by this liquidity, you are investing in this business you are not getting the returns immediately.
“It is a long term business, one risk is that the liquidity that will not be available in a short term is the major risk.
“Because, every other risk has been taken care of like the risk of death or lose of money, these have been taken care of by Leadway Insurance and Central Bank of Nigeria (CBN) respectively.’’