FG Moves To Revitalise Bank of Agriculture For Economic Growth
In a bold move to strengthen Nigeria’s agricultural sector and drive economic growth, the Federal Government has reaffirmed its commitment to restructuring and recapitalising the Bank of Agriculture (BoA).
Speaking at a progress report meeting in Abuja, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, emphasised the BoA’s critical role in boosting agricultural production and stabilising food prices.
He noted that while monetary policies are in place, fiscal and real-sector strategies are equally vital to increasing output, curbing inflation, and ensuring food security.
Edun revealed that the National Council on Privatisation (NCP) has tasked its technical committee with developing a roadmap for repositioning the BoA.
He expressed confidence that with the right leadership and strategy, the bank would drive agricultural expansion and contribute to long-term economic stability.
With the government’s renewed focus on agriculture, Nigeria is on the move for transformation—one that promises increased food security, economic resilience, and a stronger position in global food production.
