News
NCP Mulls BOA-NIRSAL Merger, Injection Of Fresh Capital
NCP Mulls BOA-NIRSAL Merger, Injection Of Fresh Capital
*We must reposition BOA to drive Nigeria’s food security- VP Shettima
By: Our Reporter
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 revitalize the bank.
Addressing the second NCP meeting of 2024 at the Presidential Villa on Wednesday, the Vice President, Senator Kashim Shettima reiterated President Bola Ahmed 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, Mr. 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.
Edun outlined the major recommendations, including “the immediate reconstitution of the Board of Directors of the Bank to enhance corporate governance” and “a merger of BOA with the CBN’s NIRSAL Microfinance Ltd.”
He also highlighted the proposal to “cede National Agricultural Land Development Authority (NALDA) land titles to BOA so that it reflects in its Balance Sheet, thus increasing its capital adequacy for the purpose of raising funds from institutional investors.”
Acknowledging the need for financial reinforcement, the Minister identified “adequate capital injection into the Bank by the shareholders” as a crucial step forward.
The committee’s report comes after the NCP empanelled an 8-member inter-ministerial body in December 2023 to review the state of affairs at BOA, given agriculture’s critical role in the economy and the Tinubu administration’s commitment to food security under the Renewed Hope Agenda.
In 2016, the NCP had approved the collaboration between the Bureau of Public Enterprises (BPE), the then Federal Ministry of Agriculture and Rural Development, and the Federal Ministry of Finance to restructure and recapitalize BOA.
A consultant, Lead Capital Consortium, was engaged in 2019 to review the bank’s operations and advise on strategies for rebirth and growth. The consultant’s core recommendation was for the government to recapitalize the bank, implement reforms, provide technical assistance, and transform BOA into a sustainable agricultural development bank.
Edun further outlined additional recommendations, including “Provision and upgrade of the Bank’s ICT infrastructure to automate processes, reduce costs and enhance the Bank’s outreach to the grassroots” and “Enhance governance and risk management by appointing qualified Board members and senior management with relevant expertise.”
In a move to bring transparency and efficiency to the nation’s energy sector, the NCP also noted the proposal seeking approval for the establishment of an independent system operator from the Transmission Company of Nigeria (TCN).
NCP Chairman, Vice President Shettima, set up a committee to liaise with the Special Adviser to the President on Energy and the Federal Ministry of Power to provide a roadmap and reach out to stakeholders.
The committee is chaired by Mr. Oye Hassan-Odukale, Technical Committee Chairman of NCP.
On a Strategy Paper for the Optimisation of Oil and Gas Assets, the Council also formed a committee to look into issues concerning oil and gas infrastructure, stressing the strategic importance of investors in the sector.
The committee chaired by the Minister for Budget and Economic Planning includes the Coordinating Minister of Health and Social Welfare, the NCP Secretariat, the Ministers of Power, the Minister of State for Petroleum Resources (Oil) and the Minister of State for Petroleum Resources (Gas),
The committee was given three weeks to come up with its report on optimizing the nation’s oil and gas assets.
End
NCP Mulls BOA-NIRSAL Merger, Injection Of Fresh Capital
News
Eid-al-Fitr: NSCDC Mobilises 53,500 Operatives Nationwide for Security of Lives and Property
Eid-al-Fitr: NSCDC Mobilises 53,500 Operatives Nationwide for Security of Lives and Property
By: Michael Mike
Nigeria is tightening its internal security grid ahead of the forthcoming Eid al-Fitr celebrations, with the Nigeria Security and Civil Defence Corps (NSCDC) announcing a sweeping nationwide deployment of more than 53,500 operatives.
The directive, issued by the Commandant General, Ahmed Audi is aimed at pre-empting security threats and ensuring a peaceful atmosphere before, during, and after the festivities. The deployment spans all 36 states and the Federal Capital Territory, underscoring the scale of the operation.
Security presence is to be significantly heightened at identified flashpoints, including Eid prayer grounds, mosques, churches, shopping centres, motor parks, and recreational hubs. The Corps is adopting a dual-layer strategy that combines visible policing with covert intelligence operations to deter criminal elements and swiftly neutralize any emerging threats.
Field commanders across zones and states have been instructed to take full control of their operational environments, with clear orders to intensify patrols and maintain constant surveillance. The NSCDC leadership is also pushing for deeper inter-agency collaboration, emphasizing intelligence sharing and rapid response mechanisms as critical to maintaining order during the festive period.
Audi, while reaffirming the Corps’ readiness, stressed that security is a collective responsibility. He urged citizens to remain alert and cooperate with law enforcement agencies by reporting suspicious activities. He also appealed to parents and guardians to guide young people away from actions that could disrupt public peace.
In a further show of readiness, specialized units—including the Commandant General’s Special Intelligence Squad, Crack Squad, Mining Marshals, Special Female Squad, and Special Forces—have been placed on high alert. These units have been specifically tasked with responding decisively to any threats posed by criminal or subversive elements.
The large-scale mobilization reflects growing efforts by security agencies to stay ahead of potential risks during major national celebrations. With millions expected to travel and gather across the country, authorities say the operation is designed not only to prevent incidents but also to reassure citizens of their safety.
The NSCDC promised its continued commitment to protecting lives, property, and critical infrastructure, while calling on Nigerians to support security efforts to ensure a hitch-free celebration nationwide.
Eid-al-Fitr: NSCDC Mobilises 53,500 Operatives Nationwide for Security of Lives and Property
News
NIMC Targets Diaspora Expansion as Tinubu’s UK Visit Boosts Digital Identity Drive
NIMC Targets Diaspora Expansion as Tinubu’s UK Visit Boosts Digital Identity Drive
By: Michael Mike
Nigeria’s push to build a robust and inclusive digital identity system has gained fresh momentum, as the National Identity Management Commission (NIMC) unveiled plans to significantly expand National Identification Number (NIN) enrolment among citizens living abroad.
The development comes on the heels of the ongoing state visit of Bola Tinubu the United Kingdom, where top government officials, including NIMC Director-General Abisoye Coker-Odusote, are leveraging high-level engagements to deepen cooperation in digital innovation and identity management.

While the visit, hosted by King Charles III and Queen Camilla, carries strong diplomatic symbolism, it is also serving as a springboard for concrete policy actions, particularly in bridging identity gaps for millions of Nigerians in the diaspora.
A statement on Wednesday by the Head, Corporate Communications, National Identity Management Commission, Dr. Kayode Adegoke read that at the centre of NIMC’s renewed push is an aggressive expansion of NIN enrolment infrastructure across the UK, widely regarded as one of the largest hubs of Nigerian migrants.
He said the plan includes opening additional enrolment centres, streamlining verification processes, and deploying more efficient digital platforms to eliminate long-standing bottlenecks.
Coker-Odusote, speaking during engagements on the sidelines of the visit, stressed that the Commission is determined to remove barriers that have historically limited access to identity services for Nigerians overseas.
“We are taking deliberate steps to ensure that every Nigerian, regardless of location, can seamlessly obtain their NIN and access essential services tied to it,” she said, underscoring the Commission’s commitment to inclusivity.
The implications of the initiative are far-reaching. A functional and accessible NIN system is increasingly central to participation in Nigeria’s financial system, telecommunications services, and government programmes. For diaspora Nigerians, improved access means the ability to stay economically and administratively connected to the country without physical presence.
Industry observers note that the timing of the initiative is critical, as Nigeria accelerates its transition to a digitally driven economy where identity verification underpins everything from banking to social welfare delivery.
Back home, NIMC is mirroring its international expansion with a parallel grassroots strategy aimed at closing the identity gap within Nigeria. Through ward-level enrolment campaigns, the Commission is taking registration services directly to rural and underserved communities, reducing travel burdens and improving coverage among vulnerable populations.
The dual approach, global expansion and local penetration, signals a shift from policy ambition to execution, with identity infrastructure now firmly positioned as a cornerstone of governance and economic planning.
As Nigeria strengthens its diplomatic and economic ties with the UK, stakeholders noted that the integration of identity management into bilateral discussions reflects a broader recognition: in an increasingly digital world, national development is inseparable from the ability to accurately identify and connect citizens, wherever they may be
NIMC Targets Diaspora Expansion as Tinubu’s UK Visit Boosts Digital Identity Drive
News
ISWAP death toll rises to 75 after devastating defeat in Malam Fatori
ISWAP death toll rises to 75 after devastating defeat in Malam Fatori
By: Zagazola Makama
The death toll of terrorists neutralised during a failed infiltration attempt on troops’ position in Malam Fatori, Abadam Local Government Area of Borno, has risen to 75, in what security analysts describe as one of the most decisive recent blows against the Islamic State West Africa Province.
Zagazola report that the Initial reports had put the number of insurgents killed at 61, following a coordinated response by troops of Operation Hadin Kai, supported by the Nigerian Air Force.

However, updated battlefield assessments and mop-up operations indicate that at least 75 fighters were neutralised, with several others believed to have escaped with severe injuries.
The attack, which occurred in the early hours of Wednesday, saw ISWAP fighters advancing on foot toward the 68 Battalion location, reportedly deploying armed drones in an attempt to breach defensive lines. The infiltration, launched from the Duguri axis toward the Bravo Company frontage, was swiftly detected and repelled.

Military sources said the success of the operation was anchored on superior coordination between air and ground forces, illustrating the growing effectiveness of joint-force synergy in counter-insurgency operations in the North-East.
Four precision air interdiction strikes were conducted on identified terrorist withdrawal routes effectively degrading their combat capability and disrupting their manoeuvre.
The integration of air power ensured that the insurgents were fixed in position and subjected to sustained bombardment, forcing a chaotic withdrawal toward the Arege axis.
Further compounding the losses of the terrorists group was the intervention of allied air assets from the Niger Republic, which carried out additional strike passes on fleeing terrorists.Although a full battle damage assessment of those strikes is still ongoing, security sources believe the combined firepower significantly increased the casualty figures.

In addition to the high number of fatalities, troops reportedly recovered a large cache of arms and ammunition from the battlefield, further weakening the operational capacity of the group in the Lake Chad region.
On the side of government forces, four soldiers sustained minor injuries and have since been stabilised.
ISWAP death toll rises to 75 after devastating defeat in Malam Fatori
-
News2 years agoRoger Federer’s Shock as DNA Results Reveal Myla and Charlene Are Not His Biological Children
-
Opinions4 years agoTHE PLIGHT OF FARIDA
-
News11 months agoFAILED COUP IN BURKINA FASO: HOW TRAORÉ NARROWLY ESCAPED ASSASSINATION PLOT AMID FOREIGN INTERFERENCE CLAIMS
-
News2 years agoEYN: Rev. Billi, Distortion of History, and The Living Tamarind Tree
-
Opinions4 years agoPOLICE CHARGE ROOMS, A MINTING PRESS
-
ACADEMICS2 years agoA History of Biu” (2015) and The Lingering Bura-Pabir Question (1)
-
Columns2 years agoArmy University Biu: There is certain interest, but certainly not from Borno.
-
Opinions2 years agoTinubu,Shettima: The epidemic of economic, insecurity in Nigeria
