Regardless the rate of success the Federal Government records for itself on its Anchor Borrowers’ Programme (ABP), the scheme is still...

A Memorandum of Understanding (MoU) has been signed between the British American Tobacco Nigeria (BATN) Foundation and the Bank of Agriculture (BOA) with the aim of enabling the latter to implement several of its agricultural programmes across the country, thereby driving economic growth through agriculture.

Indications have emerged that the country may reap bumper harvests of crops and allied farm products in the next harvest season. This follows the cultivation of over 477,642.18 hectares of land across the states of the country by 416,835 farm families with rice, maize, soya bean, cassava, wheat, and cotton.

One of the critical sectors of the nation’s economy that the President Muhammadu Buhari-led administration has made appreciable progress is that of agriculture. And there are empirical evidences on ground to attest to this. For instance, the Anchor Borrowers Programme (ABP) of the Central Bank of Nigeria (CBN) has made available N82billion in funding to 350,000…

The Managing Director of Bank of Agric (BOA), Kabiru Adamu, yesterday said the organisation in the last two years under his watch recovered over N7 billion from farmers. He made the disclosure in Kaduna during a meeting with the Managing Director of Lead Capital Consortium, Dr. Wale Adewunmi. The consortium is saddled with the responsibility…

Following what it described as sub-optimal performance, the Bureau of Public Enterprises (BPE), said it has become imperative to restructure the Bank of Agriculture (BOA), to substantially improve its operating framework and governance structure.

The Federal Government yesterday kicked off a process to privatise the equity of Bank of Agriculture (BoA) with government agencies owning 40 per cent of the equity share of the bank and the private sector, farmers owning 60 per cent share of the bank. Under the soon to be restructured bank, the Central Bank of…

The reported burning by suspected herdsmen of a 250-hectare rice farm owned by the Governor of Benue State, Mr. Samuel Ortom, is a heinous act that cannot be condemned strongly enough. The arsonists who are reported to have invaded it with a large number of cows subsequently set fire to the farm and ran away when confronted by…

The Nigerian Government said local farmers would pay five per cent interest rate for loans collected through the reforming of the Bank of Agriculture (BOA). Agriculture and rural development minister, Audu Ogbe who spoke at Town Hall meeting on Agriculture in Dutse, Jigawa State, said the interest rate was part of government plans to ensure…

The Federal Government yesterday said that it would boost the operations of the Bank of Agriculture (BOA), with N250 billion to enable it to grant credit access to farmers.

The management of Bank of Agriculture (BoA) in Kaduna has been accused of massive employment scandal with newly-recruited workers in the bank alleged to be closed relations of top management officials of the company. The recruitment was said to have been done after about 325 workers were relieved of the positions in the bank. In…