200 unemployed graduates have been offered loans totalling N74.4m by the Ogun State Government under the Fadama III agricultural programme of the Federal Government.

According to a statement, the youths were presented with the cheques on Thursday by the state governor, Prince Dapo Abiodun, after their training.

He mentioned that the selected candidates were trained in rice processing, poultry, fishery, among others.

They would be incorporated into the Anchor Borrowers’ Scheme, whereby they will be entitled to free land ownership with certificates of occupancy issued in their names. He said.

Abiodun said, they would also be given seedlings and fertiliser, as well as extension service. In addition to the clear free land.

“Already, we have secured people who would buy the farm produce and it is a win-win situation as the loans on offer carry single-digit interest,” he said.

The governor implored the candidates – that were selected from the state 20 local government areas in the state – to utilise the funds effectively in order to achieve the programme’s objectives.

He also said his administration would enrol 40,000 youths in the Anchor Borrowers’ Scheme with support from the World Bank and the Central Bank of Nigeria.

In his remarks, the consultant to the state governor on agriculture, Dr Adetunji Oredipe, said the Fadama project had provided an opportunity to strengthen the drive for economic diversification.