The federal government has repositioned the Bank of Agriculture (BoA) to revitalise the agricultural sector and strengthen the country’s economic growth and socioeconomic development.
Presiding over a progress report meeting held in his office in Abuja, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, highlighted the BoA’s critical role in improving agricultural production and stabilising prices.
He reaffirmed the Federal Government’s commitment to restructuring and recapitalising the Bank of Agriculture (BoA) to strengthen the economy and enhance food security.
While monetary measures are being implemented, he stressed the need for fiscal, real-sector strategies to increase output, support economic growth, and dampen inflation.
He said the National Council on Privatization (NCP) has tasked its technical committee with developing a comprehensive roadmap for repositioning the bank.
Mr. Wale Edun expressed confidence that the BoA could, with the right strategy and leadership, drive agricultural expansion and contribute to long-term economic stability.
With the Bank of Agriculture poised for revitalisation, Nigeria’s Agricultural sector is on the cusp of a transformative era.
As the government works tirelessly to implement fiscal, real-sector strategies, the nation can look forward to increased food security, economic growth, and a brighter future for all.
By harnessing the Bank of Agriculture’s potential, Nigeria can unlock its full agricultural potential and solidify its position as a leader in regional and global food productio
