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…

The Federal Government has said that Kaduna, Kogi, Benue, Anambra, Bayelsa and five other states will get 10 large integrated rice milling machines at the cost of N10.7 billion by December 2019.

Sequel to Federal Government’s directive to the Bank of Agriculture (BOA) to recover non-performing loans within 90 days, the bank has partnered with security agencies...

The Economic and Financial Crimes Commission (EFCC), Kaduna zonal office, has recovered N102 million diverted from the Bank of Agriculture (BOA) in Kebbi. A statement by the spokesman of the commission, Mr Wilson Uwujaren, said the funds were diverted by beneficiaries of the Central Bank of Nigeria (CBN) Anchor Borrowers Programme, disbursed by BOA. Uwujaren…

Nigeria has saved over $600m dollars (N216bn) from the importation of rice alone from Thailand and other countries since the nation’s domestic mass production flooded the markets under the Anchor Borrowers’ Programme.