In a decisive move to bolster Nigeria’s agricultural sector, the Federal Government has announced the revival and recapitalization of the Bank of Agriculture (BOA) to empower farmers and enhance national food security.
The Minister of State for Agriculture and Food Security, Aliyu Sabi Abdullahi, disclosed this during a meeting with the Emir of Borgu, Mohammed Sani Haliru. He emphasized that the government is committed to restructuring and strengthening the BOA to provide farmers with easier access to credit facilities, which will, in turn, drive increased food production across the country.
Abdullahi highlighted that ongoing reforms within the BOA aim to improve efficiency, transparency, and service delivery, ensuring that smallholder farmers and agribusinesses benefit from affordable financial support. He further stressed that the government is working on developing cluster farms nationwide, a strategic initiative designed to enhance productivity, create jobs, and stabilize food prices.
The Minister reaffirmed President Bola Tinubu’s commitment to agricultural transformation, stating that the BOA’s revitalization is a critical step towards making food more accessible and affordable for all Nigerians.
With the revival of the BOA, stakeholders in the agricultural sector are optimistic that this move will unlock significant investments, modernize farming practices, and drive economic growth in the country.
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