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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
News
Fake report of unrest at unijos debunked, military assures campus security
Fake report of unrest at unijos debunked, military assures campus security
By: Zagazola Makama
The Management of the University of Jos and the Nigerian military have dismissed as false and misleading a viral report alleging unrest, chaos, and destruction within the institution, describing it as a deliberate attempt to cause panic and misinformation.
The fake report, which circulated on social media alongside an image claimed to depict violence on campus, suggested that “student grievances had escalated into chaos” with alleged destruction and insecurity within the university environment.

However, checks by Zagazola and confirmation from university authorities indicate that the situation at the University of Jos remains calm, peaceful, and under control, with normal activities ongoing.
It was further gathered that the image accompanying the false report was generated using Artificial Intelligence and does not reflect any real incident within or around the university.
A senior security source told Zagazola Makama that the General Officer Commanding 3 Division, Nigerian Army and Commander Joint Task Force Operation ENDURING PEACE, Major General E.F. Oyinlola, personally led troops to the University of Jos following the circulation of the fake report.

During the visit, the GOC met with the Vice Chancellor of the institution and assured management of the Nigerian Army’s commitment to safeguarding the university community, students, and staff against any form of threat or security breach.
The military described the viral publication as “fake news deliberately designed to cause confusion, panic, and distrust,” urging members of the public to disregard it in its entirety.
Authorities further cautioned against the circulation of unverified content, especially digitally manipulated images, warning that such misinformation could incite unnecessary fear and disrupt public peace.
The University of Jos management also reaffirmed that there was no unrest or security breach on campus, stressing that academic activities were proceeding without disruption.
Security agencies assured continued surveillance and protection of the institution as part of ongoing efforts under Operation ENDURING PEACE to maintain stability across Plateau State.
The public has been urged to rely only on verified information from official sources and avoid sharing content capable of undermining peace and order in the state.
Fake report of unrest at unijos debunked, military assures campus security
News
Athena Observatory Warns of Deepening Structural Risks in Nigeria’s Democracy
Athena Observatory Warns of Deepening Structural Risks in Nigeria’s Democracy
By: Michael Mike
A new policy report has raised fresh concerns about the stability of Nigeria’s democratic system, warning that growing political fragmentation and institutional strain could undermine the credibility of elections ahead of the 2027 general polls.
The report, released on Tuesday by the Athena Election Observatory (AEO), marks the debut of its Political Landscape Monitor—a policy series designed to track and analyse the country’s evolving electoral environment. Titled “Nigeria’s Democracy and the Imperative of Competitive Politics,” the inaugural note paints a sobering picture of a political system struggling to keep pace with its own internal dynamics.
According to the Observatory, a pattern is emerging across Nigeria’s major political parties in which leadership disputes, fragile alliances, and factional battles are becoming increasingly common. While these crises may appear isolated, the report argues they are symptoms of a deeper structural imbalance.
At the heart of the problem, it said, is a widening gap between political activity and institutional capacity. Political actors, driven by the urgency of coalition-building and power consolidation, are moving faster than the rules and structures meant to regulate them.
“This is not just about party disagreements,” the report noted. “It is about the weakening of the systems that are supposed to organise competition, manage conflict, and ultimately guarantee meaningful choice for voters.”
The analysis drew from recent developments within prominent parties such as the African Democratic Congress (ADC), the Peoples Democratic Party (PDP), and the Labour Party, where internal tensions and contested leadership claims have repeatedly spilled into the public domain.
Observers say the trend reflects a broader shift in how political disputes are resolved in Nigeria. Rather than being settled through internal party mechanisms, disagreements are increasingly pushed toward external institutions—particularly the courts and electoral regulators.
The report highlighted the pivotal role of the Independent National Electoral Commission (INEC) in this process. Its decisions on which party factions to recognise can effectively determine leadership outcomes, making it a central actor in intra-party struggles.
While acknowledging INEC’s constitutional mandate, the Observatory cautioned that inconsistent or opaque decision-making could erode public confidence. It called for clearer procedures and stricter adherence to impartiality to prevent the Commission from being perceived as a political arbiter.
Equally significant is the growing reliance on the judiciary to settle political disputes. The report warned that while the courts remain essential for upholding the rule of law, their increasing involvement in intra-party conflicts risks displacing internal governance systems.
Legal interventions, it argued, should serve as a last resort—not a default mechanism.
“When courts become the primary arena for resolving political disagreements, parties gradually lose the capacity to govern themselves,” the report states. “Over time, this weakens the entire democratic ecosystem.”
Beyond institutional concerns, the Observatory drew attention to the implications for ordinary voters. A fragmented political landscape, it said, reduces the clarity and credibility of electoral choices, leaving citizens with options that may lack cohesion or long-term viability.
In such conditions, elections risk becoming procedural exercises rather than meaningful expressions of democratic will.
The report ultimately framed the issue as a national, rather than partisan, challenge. Strengthening the institutional foundations of political competition, it argued, is critical not only for credible elections but also for political stability and governance.
As Nigeria edges closer to another election cycle, the findings serve as a stark reminder that the health of a democracy depends not just on the conduct of elections, but on the strength of the systems that shape them long before ballots are cast.
The Athena Election Observatory said it will continue to publish periodic assessments under its Political Landscape Monitor, offering data-driven insights into the trends shaping Nigeria’s political future.
Athena Observatory Warns of Deepening Structural Risks in Nigeria’s Democracy
News
Agriculture partnership: Gov Yahaya to get Sasakawa’s Special Award
Agriculture partnership: Gov Yahaya to get Sasakawa’s Special Award
Governor Muhammadu Inuwa Yahaya of Gombe State will be honoured with a Special Recognition Award by the Sasakawa Africa Association (SAA) Nigeria, in acknowledgement of the state’s sustained partnership and strategic commitment to agricultural development.
The award will be presented at the 2026 SAA Nigeria Annual Stakeholders Workshop on Thursday, April 9, 2026, in Abuja, where top federal officials, development partners, diplomats, and state governments are expected to gather to discuss pathways for strengthening Nigeria’s food systems.
The workshop, holding at Rockview Royale Hotel, Wuse II, is themed “SAA @ 40: Deepening Impact and Expanding Reach at Scale.”
The recognition of Governor Inuwa Yahaya reflects the depth of Gombe State’s collaboration with SAA over the years, which has supported agricultural extension, smallholder productivity, and rural livelihoods.
Since its creation in 1996, Gombe State has maintained a working relationship with SAA, funded by The Nippon Foundation, to implement initiatives that improve food security, nutrition, climate resilience, and inclusive agricultural services, with particular attention to women, youth, and resource-poor farmers.
Speaking ahead of the workshop, Dr. Godwin Atser, Country Director of SAA Nigeria, said:
“This recognition celebrates a partnership backed by action. Governor Inuwa Yahaya’s leadership reflects the kind of subnational commitment essential for transforming agriculture in Nigeria.
Gombe State’s sustained support for farmer-focused interventions demonstrates what can be achieved when political will, institutional alignment, and practical investment converge.”
SAA Nigeria’s collaboration with Gombe State encompasses a wide range of interventions, including Farmer Learning Platforms (FLP), Community Savings and Investment in Agriculture (CSIA), Private Extension Service Provision (PESP), and Community-Based Seed Multiplication (CBSM), among others. Together, these initiatives strengthen the agricultural ecosystem from production to post harvest, improve access to technology, knowledge, and markets, and enhance the capacities of farmers and rural actors.
The partnership also encourages pluralistic extension systems, involving the private sector, farmer organizations, research institutions, and civil society in scaling agricultural services across the state. This multi-dimensional cooperation underscores why Gombe State’s collaboration is deserving of recognition.
As SAA marks 40 years of operations in Africa and 33 years in Nigeria, the organization notes that sustainable agricultural transformation requires long-term commitment, collaboration, and strategic investment, qualities exemplified by Gombe State and Governor Inuwa Yahaya.
The recognition will be part of a broader conversation at the 2026 Annual Stakeholders Workshop, which will review SAA’s 2021–2025 achievements, share lessons, and explore future partnerships to strengthen agriculture in Nigeria and across Africa.
About Sasakawa Africa Association (SAA)
Sasakawa Africa Association (SAA) was established in 1986 by Japanese philanthropist Ryoichi Sasakawa, Nobel Laureate Dr. Norman Borlaug, and former U.S. President Jimmy Carter.
Dedicated to improving the productivity, profitability, and resilience of smallholder farmers in sub-Saharan Africa, SAA operates through agricultural extension, capacity building, and systems strengthening. Active in Nigeria since 1993, SAA collaborates with governments, research institutions, universities, private sector actors, and development partners to advance farmer-centered agricultural transformation.
Agriculture partnership: Gov Yahaya to get Sasakawa’s Special Award
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