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NCP Mulls BOA-NIRSAL Merger, Injection Of Fresh Capital

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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

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Advocacy Group Demands Proof of NBMA Chief’s Eligibility

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Advocacy Group Demands Proof of NBMA Chief’s Eligibility

By: Michael Mike

A civil society organisation, Citizens Advocacy for Social and Economic Rights (CASER), has formally requested access to the academic and professional records of Bello Bwari, director-general of the National Biosafety Management Agency (NBMA), raising questions about his eligibility to occupy the position.

The request was submitted under the Freedom of Information (FOI) Act to the Federal Ministry of Environment.

CASER said the move was prompted by concerns that the current head of the biosafety agency may not meet the qualifications required by law.

According to the group, the NBMA Act provides that the director-general of the agency must possess at least a master’s degree in biological sciences or a related field, while noting that Bwari is widely known to be a legal practitioner, a background the organisation argues may be inconsistent with the statutory requirements for the role.

In the FOI application, CASER called on the Minister of Environment, Balarabe Lawal, to confirm the director-general’s credentials and make the information available to the public. The organisation stressed that transparency in appointments is essential for maintaining confidence in regulatory institutions.

CASER further warned that failure to clarify the issue could weaken public trust in agencies responsible for biosafety, environmental protection, and biotechnology oversight.

The group added that the matter goes beyond one appointment and reflects broader concerns about compliance with enabling laws in public offices.

Founder of CASER and a human rights lawyer,!Frank Tietie, criticised what he described as the lack of response from professionals in the scientific community. In a recent opinion article, he argued that leadership of a biosafety agency without strong scientific grounding could undermine effective regulation.

Tietie said adherence to the law must be non-negotiable, warning that overlooking statutory provisions risks eroding accountability and institutional integrity.
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FG Reaffirms Commitment to Strengthening Environmental Governance

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FG Reaffirms Commitment to Strengthening Environmental Governance

By: Michael Mike

The Federal Government has reaffirmed its commitment to strengthening environmental governance and improving the delivery of internationally funded environmental projects in the country.

The commitment was made on Monday in Abuja as the National Capacity Building Workshop on Project Oversight for the Global Environment Facility (GEF) Operational Focal Point and Implementing Partners commenced.

Declaring the workshop opened, the Minister of Environment, Balarabe Abbas Lawal, described the programme as timely and strategic, noting that Nigeria continues to grapple with a range of environmental challenges, including desertification, plastic pollution, biodiversity loss, oil contamination in the Niger Delta, and the growing impacts of climate change.

The Minister, who was represented by the Permanent Secretary in the Ministry, Mahmud Kambari stressed that addressing these challenges requires not only access to global environmental financing but also strong institutional capacity for effective planning, implementation, monitoring, and oversight of projects.

He acknowledged the Global Environment Facility (GEF) as a long-standing development partner, highlighting its significant contributions to biodiversity conservation, climate change mitigation, sustainable land management, and community-based environmental initiatives across the country, while noting that GEF-supported interventions have helped conserve hundreds of indigenous plant species, promote sustainable forest management, and support renewable energy and energy-efficiency initiatives aligned with Nigeria’s climate action goals.

Lawal further emphasized the role of GEF projects in addressing land degradation and enhancing food security through sustainable agriculture and landscape restoration. He cited flagship interventions that integrate nature-based solutions with livelihood resilience as clear examples of how environmental protection can be linked to socio-economic development.

The Minister also commended initiatives such as GEF GOLD+, which promotes mercury-free artisanal gold mining, and integrated landscape management projects in the Niger Delta aimed at transforming cocoa and palm oil production systems.

In the welcome remarks from the office of the Permanent Secretary of the Ministry of Environment, the importance of strong project oversight in translating GEF funding into measurable and lasting environmental outcomes was underscored.

The remarks which was read by the Director Planning, Research and Statistics in the Ministry, Agnes Aneke noted that the workshop was designed to strengthen Nigeria’s engagement with the GEF and ensure that stakeholders are fully equipped to manage the country’s project portfolio in line with international best practices.

Aneke also noted that Nigeria has benefited from over three decades of partnership with the GEF, with interventions spanning biodiversity conservation, climate change mitigation and adaptation, land degradation control, international waters management, and the reduction of chemicals and waste. However, he emphasized that funding alone is not sufficient, stressing the need for effective coordination, technical competence, and robust monitoring and evaluation systems.

She said the Nigeria-focused training directly addresses the country’s pressing environmental challenges, including desertification, plastic waste proliferation, oil pollution in the Niger Delta, biodiversity loss, and increasing climate risks, while . explaining that participants would, over the two-day workshop, deepen their understanding of the roles and responsibilities of the GEF Operational Focal Point, implementing agencies, and other stakeholders, while also strengthening skills in reporting, communication, project visibility, and results-based management.

The workshop was organized by the Federal Ministry of Environment in collaboration with the Global Environment Facility, with technical support from the Tropical Biology Association (TBA). It builds on lessons from a recent regional training held in Ghana and is expected to enhance transparency, accountability, and overall performance in the implementation of GEF-supported projects in Nigeria.

Participants were drawn from government institutions, implementing agencies, civil society organizations, and convention focal points were urged to engage actively in the sessions, share experiences, and develop practical oversight strategies that align with Nigeria’s national development and environmental priorities.

The two-day workshop is expected to contribute to improved project performance, stronger partnerships, and more effective environmental interventions across the country.

FG Reaffirms Commitment to Strengthening Environmental Governance

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Seven dead, five injured in multiple-vehicle crash along Lokoja–Abuja highway

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Seven dead, five injured in multiple-vehicle crash along Lokoja–Abuja highway

By: Zagazola Makama

At least seven persons were killed and five others injured on Tuesday morning in a multiple-vehicle collision along the Lokoja–Abuja highway near Gadabiu Village, Kwali Local Government Area of the Federal Capital Territory (FCT).

Sources told Zagazola Makama that the accident occurred at about 9:00 a.m. when a Howo truck, with registration number ANC 665 XA, driven by one Adamu of Tafa Local Government Area, Kaduna State, lost control and rammed into three stationary vehicles parked along the road.

The affected vehicles included a Golf 3 (GWA 162 KZ), another Golf and a Sharon vehicle.The drivers of the three stationary vehicles are yet to be identified.

The sources said the Howo truck had been travelling from Okaki in Kogi State to Tafa LGA in Kaduna State when the incident occurred. Seven victims reportedly died on the spot, while five sustained various degrees of injuries, including fractures.

The injured were rushed to Abaji General Hospital, where they are receiving treatment. The corpses of the deceased have been released to their families for burial according to Islamic rites.

The police have advised motorists to exercise caution on highways and called on drivers to ensure their vehicles are roadworthy to prevent similar accidents in the future.

Seven dead, five injured in multiple-vehicle crash along Lokoja–Abuja highway

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