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Headline : NCP meets, may merge BOA with NIRSAL

Read more from the original article on here at www.premiumtimesng.com.




Tags : #ncp #meets #may #merge #boa #nirsal


No. of Paragraph 42

The National Council on Privatisation (NCP) has received key recommendations from its committee on the Bank of Agriculture (BOA), including a proposed merger with the Central Bank of Nigeria’s NIRSAL Microfinance Ltd and a fresh capital injection to revitalise the bank.

Addressing the second NCP meeting of 2024 at the Presidential Villa on Wednesday, the Vice President, Kashim Shettima, reiterated President Bola Tinubu’s commitment to repositioning and reforming BOA to drive the administration’s food security agenda.

“Let’s get very sound professionals with integrity to manage the bank. If we use it well, it’s going to be a tool for the transformation of our economy because agriculture is the key,” the vice president said.

Presenting the committee’s report, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, who doubles as NCP vice chairman, said the council’s decision was informed by the challenges identified and the need for urgent resolution of the issues confronting the bank.

Read more from the original article on here at www.premiumtimesng.com.


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