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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.
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NCP Mulls BOA-NIRSAL Merger, Injection Of Fresh Capital
News
How propaganda and exaggerated genocide narratives triggered punitive international actions against Nigeria
How propaganda and exaggerated genocide narratives triggered punitive international actions against Nigeria
By: Zagazola Makama
Recent United States visa restrictions and mass deportation measures affecting Nigerian nationals have reopened debate on how sustained propaganda, misinformation and alarmist narratives about insecurity in Nigeria shaped international perceptions and policy responses against the country.
While Nigeria continues to face real security challenges including terrorism by ISWAP, Boko Haram, AlQaeda, banditry, farmer–herder clashes and transnational jihadist infiltration, the framing of these conflicts as an organised, state-backed “Christian genocide” has increasingly been questioned by Nigerians.
Yet, for several years, a powerful campaign driven largely by Nigerian activists, politicians and diaspora-based pressure groups portrayed Nigeria as the world’s epicentre of religious extermination, with claims that were grossly exaggerated, unverifiable or outright false.
The agitations grew domestic grievance to international propaganda. Between 2021 and 2024, a wave of advocacy emerged accusing the Nigerian state of deliberately sponsoring or protecting jihadists allegedly engaged in the daily slaughter of Christians. Some campaigners claimed that 1,500 Christians were being killed every day, a figure that would translate to more than 540,000 deaths annually, a number exceeding fatalities recorded in most active war zones globally.
One widely circulated narrative claimed that between 2010 and October 2025, 185,000 people were killed on account of their faith, including 125,000 Christians and 60,000 Muslims, allegedly based on reports from Intersociety, one of the NGO created to push the false claims.” The same narrative alleged that 19,100 churches had been burned and 1,100 Christian communities completely seized and occupied by jihadists supposedly backed or shielded by the Nigerian government.
However, independent verification of these figures consistently failed. No global conflict-monitoring organization, including ACLED, UN agencies, or major international human rights bodies as well as official bodies like Police, DSS, and the NHRC, corroborated such numbers. Nigeria’s total population stands at approximately 240 million, making such casualty claims statistically implausible without triggering global humanitarian emergency responses on the scale of Gaza, Syria or Ukraine.
Zagazola Makama report that while religiously motivated attacks occur, Nigeria’s violence landscape is far more complex, driven by criminal banditry, resource conflict, insurgency, arms proliferation, climate stress and weak border control, affecting Muslims, Christians, Pagan, traditionalist and adherents of other faiths alike.
Despite the lack of empirical grounding, these activities keep weaponizing faith to internationalise pressure. The genocide narrative gained traction in U.S. political circles, evangelical advocacy groups and sections of Western media. Some Nigerian politicians amplified these claims at international forums, urging sanctions, arms embargoes and even military intervention against their own country.
The expectation among agitators was that Trump’s administration would deploy American forces or impose targeted sanctions against Nigerian officials and groups like Miyetti Allah, Boko Haram, Bandit and those that once push for Shariah laws. Instead, the policy response took a different and far more consequential direction. Rather than physical military intervention, Washington opted for strategic intervention with the armed forces of Nigeria through technical support while in their country they opted for tougher penalties like border control, immigration enforcement and visa restrictions, citing insecurity, terrorist activity, document integrity issues and vetting challenges.
Nigeria was subsequently placed under partial U.S. travel restrictions, with the U.S. government explicitly referencing the activities of Boko Haram and ISWAP, and difficulties in screening travellers from affected regions.
The unintended security backlash
Ironically, following persistent framing of Nigeria’s violence as a religious war produced outcomes opposite to what campaigners claimed to seek. Rather than protecting Christians, the rhetoric emboldened extremist groups to carry even more deadlier attacks.
Terrorist organisations, including ISWAP, JAS and al-Qaeda-linked JNIM elements now infiltrating North-Central Nigeria, capitalised on global narratives portraying Nigeria as a battlefield of faith. By attacking churches, clergy and Christian communities, these groups sought to validate the propaganda, provoke sectarian retaliation and trigger a broader religious conflict. This strategy mirrors jihadist doctrine across the Sahel: manufacture sectarian violence, polarise society, delegitimise the state and attract recruits.
Security intelligence from Kwara and Niger States, for instance, shows JNIM’s Katiba Macina exploiting communal tensions along the Benin–Nigeria corridor, recruiting Fulani youths while framing attacks as resistance against “tyranny” language deliberately aimed at feeding international narratives of persecution.
The U.S. Department of Homeland Security has since justified its tougher posture using data-driven assessments: visa overstay rates, terrorism risks, weak civil documentation systems and law-enforcement information gaps.
For Nigeria, these translated into: Partial visa suspensions for B, F, M and J categories, increased scrutiny of Nigerian travellers, inclusion in broader immigration enforcement actions, Indirect reputational damage affecting trade, education and diplomacy
Meanwhile, The Department Homeland Security announced record deportations and self-removals, over 2.5 million exits since January 2025, a development that disproportionately affects nationals of countries portrayed as high-risk, Nigeria included. Crucially, those most affected are ordinary Nigerians students, professionals, families and entrepreneurs, not terrorists, bandit leaders or militia commanders.
The Fulani bandit in the forest has no interest in a U.S. visa. It is the Nigerian student, pastor, doctor and trader who bears the cost.
Notably, as sanctions and restrictions took effect, the loud genocide rhetoric largely faded from public discourse. The activists who once dominated international media cycles have grown quieter, perhaps confronted by the reality that the consequences fell on Nigeria as a whole, not on imagined perpetrators. This pattern point to a broader lesson in strategic communication: when a nation’s internal crises are exaggerated into existential falsehoods, external actors respond not with rescue but with containment.
A cautionary lesson for national discourse is that; Nigeria’s security challenges are real and demand sustained reform, diplomatic support, and international cooperation. But weaponising religion, spreading unverifiable casualty figures and lobbying for foreign punitive action against one’s own country undermines national security rather than strengthening it. More dangerously, it feeds extremist propaganda, deepens communal mistrust and invites external decisions based on distorted perceptions.
When internal challenges are projected internationally without context or factual balance, foreign governments respond not with solidarity but with restrictions, sanctions and containment. In this environment, propaganda even when framed as advocacy, erodes diplomatic goodwill and inflicts long-term harm on citizens whose lives and opportunities are shaped by external policy decisions.
False alarms and absolutist narratives fracture social trust, embolden extremists and inflame the very fault lines terrorists seek to exploit. Ultimately, propaganda however emotionally persuasive does not protect communities; it weakens national resilience and leaves society more vulnerable to the forces it hopes to defeat.
Zagazola Makama is a Counter Insurgency Expert and Security Analyst in the Lake Chad region
How propaganda and exaggerated genocide narratives triggered punitive international actions against Nigeria
News
Gunmen kill soldier, abduct 13 passengers on Okene–Auchi highway
Gunmen kill soldier, abduct 13 passengers on Okene–Auchi highway
By: Zagazola Makama
Suspected kidnappers disguised in military uniforms have killed a serving soldier and abducted 13 passengers during coordinated attacks on two commercial vehicles along the Okene–Auchi Federal Highway.
Zagazola Makama report that the incident occurred at about 5:35 p.m. on Dec. 16 when unknown gunmen intercepted a green Toyota Sienna, conveying nine passengers from Abuja to Delta State.
The source said six passengers were abducted from the vehicle, while three others were rescued.
According to the source, the attackers also stopped a white Toyota Hiace bus, conveying 11 passengers from Delta State to Abuja, during the same operation.
“Seven passengers were abducted from the Hiace bus, while four were rescued,” the source said.
Tragically, the source said a serving Non-Commissioned Officer of the Nigerian Army, who was among the passengers and had identified himself as a soldier, was shot by the attackers.
“He sustained gunshot injuries to his legs and thighs and was later confirmed dead,” the source added.
Both vehicles were recovered and towed to a police station for safe keeping, while five empty shells of 7.62mm ammunition suspected to be from an AK-47 rifle were recovered at the scene as exhibits.
The corpse of the deceased soldier was deposited at the Okengwe General Hospital mortuary for autopsy, while statements were obtained from the rescued victims to aid investigation.
It was gathered that troops have launched joint rescue operations, including bush combing and intensive surveillance along the highway, with a view to rescuing the abducted passengers and arresting the perpetrators.
The authorities assured motorists that measures were being intensified to secure the Okene–Auchi corridor and prevent further attacks.
Gunmen kill soldier, abduct 13 passengers on Okene–Auchi highway
News
Bandits kill one, abduct several in Zamfara
Bandits kill one, abduct several in Zamfara
By: Zagazola Makama
Armed bandits have killed a young man and abducted several others during an attack on a store area in Bungudu Local Government Area of Zamfara State.
Zagazola report that the incident occurred at about 12:30 a.m. on Dec. 16 when gunmen, carrying AK-47 rifles and other sophisticated weapons, launched a sporadic shooting spree in Karakkai district.
The source said one Lukman Rabe, aged 21, was shot dead during the attack, while an unspecified number of people were abducted and taken to an unknown location.
Army troops in collaboration with joint Police, and local hunters, were immediately mobilised to the scene to secure the area.
Sources said that efforts are ongoing to rescue the abducted victims and apprehend the fleeing suspects, while residents have been urged to remain vigilant and report any suspicious activity to security agencie
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