The Federal Government has disclosed that it recovered about N57 billion from the N5.2 trillion debt owed by 10 Ministries, Departments and Agencies (MDAs) under the Project Light House Programme with the adoption of the Debt Analytics and Reporting Application tools. The disclosure was made by Director, Special Projects of the Federal Ministry of Finance, […]
The Federal Government, in collaboration with key MSME-focused agencies and development finance institutions, has unveiled plans to introduce some interventions targeted at 1.3 million MSMEs in 17 states and the Federal Capital Territory (FCTI in its drive towards job creation and improving the performance of the non-oil sector of the economy. The proposed initiative, which […]
The Deputy President of the Lagos Chamber of Commerce and Industry (LCCI), one of Nigeria’s organized private sector (OPS) advocacy groups, Mr. Gabriel Idahosa, has projected Nigeria’s agricultural sector could record 5%-6% growth in 2023 if the issues of insecurity and infrastructure are addressed by the government Idahosa, who made this forecast when he featured […]
The Pension Transitional Arrangement of Directorate (PTAD) on Wednesday disclosed that the Bank of Agriculture (BoA), had transferred 831 pensioners of the “Defunct Nigerian Agricultural Cooperative Bank (NACB)” to it for management. The Executive Secretary of the directorate, Dr. Chioma Ejikeme, gave this hint during the verification of the BoA pensioners in Abuja. While commending […]
The Director General of the Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh, has described the planned restructuring of the Bank of Agriculture (BOA) as imperative in order to improve its operating framework and governance structure with a view to enhancing its efficiency. Okoh, who made this remark at the maiden meeting for the […]
The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, on Tuesday disclosed that the country saved $21 billion on food imports in the last three and half years. Ogbeh, who gave this hint when he hosted officials of the Bank of Agriculture (BOA) and Bureau of Public Enterprises (BPE) during a meeting in Abuja, […]
The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, on Wednesday decried the high interest rate on bank credit for farmers in the country which he described as not conducive for agriculture and agribusiness in the country. The Minister said this during the signing of Memorandum of Understanding (MOU) between the Nigerian Agricultural Mechanization […]
The Bank of Agriculture (BoA) on Wednesday said that Nigeria saved about $800 million on rice importation as the various initiatives of the governments and private investors to boost local production of the commodity continue to gain traction. BoA’s Executive Director, Finance and Risk Management, Prince Niyi Akenzua, made the disclosure at a media briefing […]
The Federal Government on Thursday unveiled plans to cede 30 percent of Bank of Agriculture’s (BOA’s) shares to farmers when the ongoing restructuring of the bank as recommended by the Bureau of Public Enterprises (BPE) is finalized. Under the proposed arrangement, the bank will have at least a branch in all the 774 local government […]