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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
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Fadile Pays Tribute to Late CJN Mohammed Uwais, Describes Him as “My Father in the Judiciary.”

Fadile Pays Tribute to Late CJN Mohammed Uwais, Describes Him as “My Father in the Judiciary.”
By: Michael Mike
The first military-trained lawyer with a PhD in International Law in Nigeria, Col. Bello Fadile (rtd), has mourned the passing of a stalwart, Justice Mohammed Lawal Uwais GCON, former Chief Justice of Nigeria (CJN), who passed on at the age of 89.
Fadile, a prominent figure and author, paid a heartfelt tribute yesterday to the late jurist, describing him as “My Father in the Judiciary.”
Fadile recounted the remarkable story of how Justice Uwais, then CJN, intervened on his behalf during his detention in 1995, braving the military regime to ensure his release.
The Nigerian Army’s first lawyer tribute highlighted Justice Uwais’s unwavering commitment to justice, humility, and integrity. He quoted Uwais’s powerful statement: “A corrupt judge is more harmful to society than a man who runs amok with a dagger in a crowded street.”
Part of the statement read: “At the ripe age of 89, he left us in this sinful world as Allah SWT willed. We accept the vadict as appeal lies nowhere. To we the immediate families, we pray to Allah SWT to give us the fortitude to carry on relying on the principles he lived on and left for us which are:- humility, impartiality, humane, love, detribalised, uprightness and fear of Almighty Allah SWT.
“And to the Nigerian judiciary which he dedicated his life to, i urge you all to follow his footsteps, which he captured brilliantly;
‘ A corrupt judge is more harmful to the society than a man who runs amok with a dagger in a crowded street. The latter can be restrained physically. But a corrupt judge deliberately destroys the moral foundation of society and causes incalculable distress to individuals through abusing his office while still being referred to as Honorable “
“ As captured in my book, Lives: The Bello Fadile Memoirs, I shall forever be grateful to MyLord, the Justice Mohammed Lawal Uwais GCON for the risk he took when I was arrested for the alleged fathom coup in 1995.”
Fadile who is the founder and chair of the Council for African Security Affairs, recounted how he was “detained near his house and I sent at note to him as the then CJN, without hesitation or fear of the military, his life or his job, he acted on my request and reached out Late Honorable Justice Karibi-Whyte and together they raised my detention with the Head of Military Government. And of course, they became my link to the Head of State, going and coming back with messages. What man with a lion heart.”
“On my release in March 1999. MyLord traveled from Abuja to Kaduna to see me. He came with clothes, bundles of sheda, and thousands of cash. That was my Father in the Judiciary for you. I was able to see him after 10 years in November 2024, and now he is no more.,” he added.
Fadile noted that late Justice Uwais’s legacy serves as a shining example for the Nigerian judiciary.
According to him, Justice Uwais’s remarkable life and contributions to Nigeria’s judiciary will be remembered for generations to come, adding that “his courage, integrity, and dedication to justice have left an indelible mark on the nation’s legal landscape”.
Fadile Pays Tribute to Late CJN Mohammed Uwais, Describes Him as “My Father in the Judiciary.”
News
Alau Dam: Zulum, Shehu of Borno Plead with FG to Expedite Rehabilitation Work.

Alau Dam: Zulum, Shehu of Borno Plead with FG to Expedite Rehabilitation Work.
By: Our Reporter
Borno State Governor, Professor Babagana Umara Zulum, has called on the Federal Government to accelerate the rehabilitation and expansion of the Alau Dam to avert a repeat of last year’s devastating flood disaster.
Maiduguri and surrounding local government areas experienced their worst flooding in decades following the collapse of the Alau Dam in 2024. In response, the Federal Government approved N80 billion for the dam’s reconstruction and expansion, with a groundbreaking ceremony held in March 2025 to mark the commencement of the project.

Governor Zulum while responding to a request by the Shehu of Borno, Dr. Abubakar Ibn Umar Garbai El-Kanemi, on the need to fast tract the project, during the traditional Sallah homage at the Government House in Maiduguri. The Governor expressed concern over the slow pace of work, warning that the rainy season has already begun.
“After the groundbreaking ceremony for the reconstruction and expansion of the dam, which we all attended, the truth is that the work is not progressing as expected,” Governor Zulum stated.
“The last time I visited the President, I informed him about the true state of the project, and I assure you that I will not relent. I will continue to follow up, and I have also notified the Vice President as well. In the meantime, the Secretary to the State Government (SSG) has constituted a committee to provide immediate intervention at the dam.”.

The governor pledged to connect all local government headquarters to the national grid before the end of his tenure. He also promised massive road rehabilitation once the Pulka quarry plant is completed.
“These are two critical issues dear to me, he said. I assure Your Royal Highness that all local government headquarters will be connected to electricity before my tenure expires, Insha Allah. Regarding road infrastructure, insecurity has been a major challenge, but we remain committed. We have procured 40 brand-new Howo tipper trucks, and once the Pulka quarry plant is completed, we will embark on extensive road rehabilitation across the state.”
Governor Zulum thanked the people of Borno for their continued support and cooperation to his administration.
Earlier, the Shehu of Borno, Dr. Abubakar ibn Umar Garbai El-Kanemi said the sallah homage has been part of the tradition during every festive season, acknowledging the unprecedented transformation the Zulum’s administration is executing across the state.
He emphasised the importance of expediting the Alau Dam project, noting that the first phase should have been completed by now. He referenced the recent flooding in Mokwa, Niger State, as a warning of what could recur in Borno if swift action is not taken.
“We witnessed the catastrophic flooding in Maiduguri on 10th September 2024, and we do not want a repeat, the Shehu said. The Federal Government must act immediately.”.
The royal father also urged the Governor to follow up with the Federal Government on oil exploration in Tuba, road rehabilitation, and electricity connectivity for local government areas.
During the event, Governor Zulum also received delegations from the University of Maiduguri, Kashim Ibrahim University, the University of Maiduguri Teaching Hospital, Kashim Ibrahim University Teaching Hospital, Federal Neuro-Psychiatric Hospital, and Federal Orthopaedic Hospital, Azare, who paid similar homage.
Alau Dam: Zulum, Shehu of Borno Plead with FG to Expedite Rehabilitation Work.
News
Flooding: Zulum, Shehu of Borno Plead with FG to Expedite Rehabilitation Work on Alau Dam

Flooding: Zulum, Shehu of Borno Plead with FG to Expedite Rehabilitation Work on Alau Dam
By: Michael Mike
Borno State Governor, Professor Babagana Zulum has called on the Federal Government to accelerate the rehabilitation and expansion of the Alau Dam to avert a repeat of last year’s devastating flood which nearly submerged Maiduguri and environs.
Maiduguri and surrounding local government areas experienced their worst flooding in decades following the collapse of the Alau Dam in 2024. In response, the Federal Government approved N80 billion for the dam’s reconstruction and expansion, with a groundbreaking ceremony held in March 2025 to mark the commencement of the project.
Zulum, while responding to a request by the Shehu of Borno, Dr. Abubakar Ibn Umar Garbai El-Kanemi, on the need to fast tract the project, during the traditional Sallah homage at the Government House in Maiduguri, the governor expressed concern over the slow pace of work, warning that the rainy season has already begun.
He said: “After the groundbreaking ceremony for the reconstruction and expansion of the dam, which we all attended, the truth is that the work is not progressing as expected.
“The last time I visited the President, I informed him about the true state of the project, and I assure you that I will not relent. I will continue to follow up, and I have also notified the Vice President as well. In the meantime, the Secretary to the State Government (SSG) has constituted a committee to provide immediate intervention at the dam.”.
Meanwhile, the governor has pledged to connect all local government headquarters in the state to the national grid before the end of his tenure. He also promised massive road rehabilitation once the Pulka quarry plant is completed.
He said: “These are two critical issues dear to me, I assure Your Royal Highness that all local government headquarters will be connected to electricity before my tenure expires, Insha Allah. Regarding road infrastructure, insecurity has been a major challenge, but we remain committed. We have procured 40 brand-new Howo tipper trucks, and once the Pulka quarry plant is completed, we will embark on extensive road rehabilitation across the state.”
Zulum thanked the people of Borno for their continued support and cooperation to his administration.
Earlier, the Shehu of Borno said the sallah homage has been part of the tradition during every festive season, acknowledging the unprecedented transformation the Zulum’s administration has extended to all parts of the state.
He reiterated the importance of expediting the Alau Dam project, noting that the first phase should have been completed by now.
He referenced the recent flooding in Mokwa, Niger State, as a warning of what could recur in Borno if swift action is not taken.
The paramount ruler said: “We witnessed the catastrophic flooding in Maiduguri on 10th September 2024, and we do not want a repeat.. The Federal Government must act immediately.”.
The royal father also urged the Governor to follow up with the Federal Government on oil exploration in Tuba, road rehabilitation, and electricity connectivity for local government areas.
During the event, Governor Zulum also received delegations from the University of Maiduguri, Kashim Ibrahim University, the University of Maiduguri Teaching Hospital, Kashim Ibrahim University Teaching Hospital, Federal Neuro-Psychiatric Hospital, and Federal Orthopaedic Hospital, Azare, who paid similar homage.
Flooding: Zulum, Shehu of Borno Plead with FG to Expedite Rehabilitation Work on Alau Dam
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