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British American Tobacco Nigeria Foundation (BATNF) has rewarded six agripreneurs who entered for the 2023 edition of the Farmers for Future (F4F) grant with N10 million.
The F4F grant is an agricultural entrepreneurship grant designed to support young people with viable agri-business with equity-free capital and other associated support they require to scale their businesses.
Project Manager of BATNF, Adetola Oniyelu, said the F4F grant provides equity-free capital and comprehensive support to promising youth-led agribusinesses, enabling them to scale their ventures and contribute to Nigeria’s agricultural sector.
He said this innovative agricultural entrepreneurship initiative, developed in partnership with the National Youth Service Corps (NYSC) and Fate Foundation, demonstrates BATN Foundation’s commitment to fostering the growth of young agripreneurs and serves as a catalyst for ambitious young individuals with viable agribusinesses.
“The Farmers for the Future project challenges misconceptions about agriculture and underlines our commitment to nurturing the potential of young minds in this field. We firmly believe that empowering these talented agripreneurs will significantly advance Nigeria’s agricultural landscape,” he said.
Speaking on the grants, Oniyelu said alongside financial rewards, winners will also be able to access comprehensive support including technical assistance, mentorship from industry professionals, guidance with business registration, and membership in the esteemed Farmers for the Future alumni network.
He said this holistic approach nurtures both agribusiness growth and personal development.
Oniyelu explained that since its inception in 2019, the F4F initiative has been transformative, empowering enterprising youth to thrive in the agribusiness landscape.
He said F4F stands as a beacon of opportunity, equipping winners with not only yearly cash grants but also with technical training and mentoring.
“Over the years, the transformative power of the F4F initiative unfolds in the narrative of success stories that have flourished over the years. Agribusinesses have not only thrived with a revenue increase of over 30 per cent, but have also ignited employment opportunities for young graduates, and made an impact in society,” he stated.
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