Connect with us

News

NCP HITS GROUND RUNNING, SETS UP COMMITTEE ON RESTRUCTURING OF BANK OF AGRICULTURE

Published

on

NCP HITS GROUND RUNNING, SETS UP COMMITTEE ON RESTRUCTURING OF BANK OF AGRICULTURE

*Approves completion of Zungeru hydroelectric power plant concession

*Ratifies NCP standing committees

By: Our Reporter

In a bid to ensure better service delivery in line with the Renewed Hope Agenda of the Tinubu administration, the National Council on Privatization (NCP) has set up an ad hoc committee to fast-track the restructuring and resuscitation of the Bank of Agriculture (BOA).

The Vice President, Sen. Kashim Shettima, who chaired the maiden meeting of the reconstituted NCP at the Presidential Villa, Abuja, emphasised the importance of the tasks before the new Council, particularly the rejuvenation of BOA, among others.

Speaking after the presentation of the agenda and matters arising by the Director General of the Bureau of Public Enterprises (BPE), Dr Alex Okoh, the VP listed the composition of the ad hoc committee, saying a lot will depend on the decisions of the Council in the months ahead.

“We have to make some far-reaching decisions on the restructuring of the Bank of Agriculture because the bank will be critical to the realization of the Renewed Hope Agenda of the Tinubu administration. It is very important for us and for this administration,” he noted.

According to the Vice President, the Finance Minister, Mr Wale Edun will Chair the ad hoc committee, while members include, Minister of Agriculture and Food Security, Sen. Abubakar Kyari; Minister of Budget and Economic Planning, Sen. Atiku Bagudu; CBN Governor, Dr Yemi Cardoso; Rep of the Ministry Of Finance Incorporated (MOFI); Chairmen of the NCP Technical and Legal Committees; a member of the NCP, Alhaji Mohammed Mustapha Bintube, and the DG BPE will serve as Secretary.

VP Shettima urged the committee to come up with a roadmap for the resuscitation of the BOA, among other resolutions.

The Vice President had earlier in his opening address set the tone for the deliberations, urging members to take every task seriously. “We will be meeting more frequently because we have to support the President to execute the Renewed Hope Agenda,” he noted.

The Council also approved the completion of the concession of the 700MW Zungeru Hydroelectric Power Plant and particularly directed the opening of a dedicated account at the Debt Management Office for the payment of the concession fees by the concessionaire.

Vice President Shettima directed the CBN governor to commence the opening of the account at the DMO as proposed by the BPE.

Yet another major decision taken at the meeting was the ratification of constituted standing committees for the Council, comprising the Technical, Stakeholder Engagement, Finance and Legal committees.

Also approved at the maiden NCP meeting was the 2024 work plan of the Bureau of Public Enterprises (BPE) covering its privatization activities and participation in international forums to attract interest in the country’s privatization programme.

Present at the meeting were the Minister of Finance and Coordinating Minister for the Economy, Mr Wale Edun; Minister of Agriculture and Food Security, Sen. Abubakar Kyari; Minister of Budget and Economic Planning, Sen. Abubakar Bagudu; Minister of Steel Development, Shuaibu Audu; Minister of Transportation, Sen. Sa’idu Alkali; CBN Governor, Dr Yemi Cardoso, and Chairman of the reconstituted Technical Committee, Mr Oye Odukale, among other Council members.

NCP HITS GROUND RUNNING, SETS UP COMMITTEE ON RESTRUCTURING OF BANK OF AGRICULTURE

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

IPCR Sees Lent, Ramadan Overlap as Call for National Healing

Published

on

IPCR Sees Lent, Ramadan Overlap as Call for National Healing

By: Michael Mike

As Christians begin Lent and Muslims commence Ramadan, the Institute for Peace and Conflict Resolution (IPCR) has urged Nigerians to use the rare overlap of the two sacred seasons to strengthen unity and reject divisive tendencies.

In a statement released on February 18, 2026, the institute described the simultaneous observance as more than a calendar coincidence, calling it a powerful symbol of shared values and collective responsibility in a nation grappling with insecurity and social strain.

IPCR said both seasons—marked by fasting, prayer and reflection—offer an opportunity for citizens to look beyond religious differences and recommit to peaceful coexistence. It stressed that the moral lessons of compassion, self-restraint and generosity embedded in Lent and Ramadan should translate into everyday interactions among Nigerians.

The institute warned against extremist narratives that distort religious teachings for narrow interests, noting that such interpretations undermine national stability. Instead, it encouraged faith leaders and communities to amplify messages that promote tolerance, dialogue and mutual respect.

According to the institute, true spirituality is measured not only by acts of worship but also by how individuals treat neighbours of different beliefs. It added that Nigeria’s diversity should be seen as a strength capable of fostering resilience rather than division.

“With both faiths engaged in solemn reflection at the same time, Nigerians are presented with a timely reminder that we share a common humanity and destiny,” the statement noted, urging citizens to work together toward a more peaceful and prosperous society.

The Director-General of IPCR, Dr. Joseph Ochogwu, who signed the statement, extended goodwill wishes to Christians and Muslims, expressing hope that the sacred period would inspire reconciliation, understanding and renewed commitment to national unity.

IPCR Sees Lent, Ramadan Overlap as Call for National Healing

Continue Reading

News

Operative dies in accidental discharge in Niger

Published

on

Operative dies in accidental discharge in Niger

By: Zagazola Makama

An operative attached to a security unit in Niger State has died following an accidental discharge of a rifle at his duty post in Shiroro Local Government Area.

Sources said the incident occurred at about 10:00 p.m. on Feb. 16 when the operative, identified as Abubakar Iliya, 35, who was attached to a special hunters unit stationed at Galadiman-Kogo, reportedly fell from a sentry post.

During the fall, his cocked rifle disengaged and discharged, striking him in the abdomen and causing fatal injuries.

His remains were later evacuated by his unit for burial in accordance with customary rites.

Operative dies in accidental discharge in Niger

Continue Reading

News

Boat mishap leaves passengers missing in Niger

Published

on

Boat mishap leaves passengers missing in Niger

By: Zagazola Makama

A canoe conveying seven passengers capsized while in transit between Jata and Kami Village in Shiroro Local Government Area of Niger State, leaving several persons missing.

Sources said the incident occurred at about 7:00 p.m. on Feb. 16 when the canoe, carrying six females and one male passenger, overturned during the journey.

The passengers were identified as Mustapher Yakubu; Sahura Yakubu and her child; Zarifa Yakubu; Mommy Yakubu; Lizatu Yakubu; Zaratu Yusuf; and Sumaiya Ibrahim, all from Jata/Bmagara via Kami Village.

Rescue teams, including police and local divers, were immediately mobilised to the scene. The boat driver and his conductor were rescued alive, while search efforts are ongoing to locate the remaining passengers.

Authorities said further updates would be provided as rescue operations continue.

Boat mishap leaves passengers missing in Niger

Continue Reading

Trending

Verified by MonsterInsights