The Federal Government has reaffirmed its commitment to restructuring and recapitalizing the Bank of Agriculture (BoA) to strengthen the economy and enhance food security.
During a progress report meeting on Friday, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, emphasized the BoA’s critical role in boosting agricultural production and stabilizing prices. While monetary policies are being implemented, he underscored the need for fiscal and real-sector strategies to increase output, drive economic growth, and curb inflation.
To accelerate this transformation, the National Council on Privatization (NCP) has directed its technical committee to develop a comprehensive roadmap for repositioning the bank. Mr. Edun expressed confidence that with the right strategy and leadership, the BoA could significantly drive agricultural expansion and contribute to long-term economic stability.
