Ekiti State has disbursed N146 million in compensation to 46 landowners in Oke Ako Ekiti. This payout is for land acquired for a commercial agriculture project aimed at empowering young farmers and boosting the state’s agricultural sector. The initiative involves a partnership with YSP Farm Limited and the allocation of 4,000 hectares of land for the “Bring Back the Youth in Agriculture” scheme.
- N146 million disbursed to 46 landowners.
- 4,000 hectares allocated for youth in agriculture.
- Partnership with YSP Farm Limited.
- Focus on boosting agribusiness and youth engagement in farming.
Land Compensation: A Win-Win for Ekiti Farmers and Agribusiness
The Ekiti State government recently distributed N146 million in compensation to 46 landowners in Oke Ako Ekiti. Their land was acquired for a large-scale commercial agriculture project, a joint effort with YSP Farm Limited, designed to breathe new life into the state’s agricultural sector.
Empowering the Next Generation of Farmers
This initiative isn’t just about land; it’s about empowering the next generation of farmers. The government’s “Bring Back the Youth in Agriculture” scheme, central to this project, aims to engage young people in commercial farming, providing them with opportunities for economic growth and contributing to the state’s food security. A massive 4,000 hectares of land has been dedicated to this program, demonstrating the government’s commitment to agricultural development.
Boosting Agribusiness in Ekiti State
The project’s goal is to cultivate a thriving agricultural landscape in Ekiti State. It goes beyond simply providing land by equipping young farmers with modern tools and resources. New tractors and processing equipment have already been inaugurated, giving participants the means to achieve higher yields and contribute significantly to the state’s agricultural output.
Addressing Security Concerns Through Agriculture
Governor Biodun Oyebanji highlighted a surprising benefit of the project: a notable decrease in criminal activities like kidnapping. As large swathes of land are brought under cultivation, the forests that once served as hideouts for criminals are disappearing, improving safety and security in the area.
Investing in Ekiti’s Future
The land compensation and the launch of the “Bring Back the Youth in Agriculture” project mark a significant investment in Ekiti’s future. By empowering young farmers, supporting agribusiness, and fostering a more secure environment, the initiative is set to create jobs, stimulate economic growth, and contribute to a more prosperous future for the state.
Further Developments on the Horizon
The government has indicated that further enumeration of economic trees will be carried out, ensuring fair compensation for all affected landowners. The governor emphasized that the influx of commercial farming activities is expected to bring a wave of positive change to Oke Ako and the surrounding region. This includes infrastructure development, such as road rehabilitation and the establishment of new health facilities and cottage industries, further boosting the local economy.
Addressing Initial Delays and Ensuring Transparency
Governor Oyebanji acknowledged the initial delays in the project, attributing them to the meticulous process of enumerating affected economic trees to ensure fair compensation. This transparent approach reflects the government’s commitment to prioritizing the welfare of its citizens while driving economic progress.
About The Author
