The Digest:
Business mogul Tony Elumelu has donated ₦25 billion to support Lagos State's food security initiative, "Produce for Lagos." This move aims to tackle youth unemployment and improve access to arable land for job creation, says Elumelu.
Key Points:
- Elumelu announced the ₦25 billion donation at the launch of the Lagos food security program.
- The initiative aims to address high youth unemployment by creating jobs in agriculture.
- Elumelu stressed the need to utilize Lagos’s arable land to offer work opportunities to young people.
- The donation will bolster efforts to improve food security in Lagos, a key focus for the state's future development.
- Elumelu believes the initiative will significantly reduce the youth unemployment rate.
- The "Produce for Lagos" program is led by the Lagos Food Systems Infrastructure Company.
- Elumelu’s backing highlights his commitment to addressing Nigeria’s economic challenges.
Tony Elumelu’s ₦25 billion pledge underlines his dedication to combating youth unemployment through agricultural initiatives, reinforcing the symbolic importance of turning challenges into opportunities.
Sources: The Telegraph Media, Channels TV, Punch News
