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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
ActionAid Demands Passage of Special Seats Bill as Nigeria Marks International Women’s Day
ActionAid Demands Passage of Special Seats Bill as Nigeria Marks International Women’s Day
By: Michael Mike
As Nigeria joined the rest of the world to mark International Women’s Day 2026, ActionAid Nigeria has called for urgent political and institutional reforms to end the persistent marginalisation of women, warning that gender inequality continues to undermine democratic governance and social justice in the country.
In a statement issued in Abuja on Saturday, the organisation said the continued underrepresentation of women in governance and the widespread prevalence of gender-based violence highlight a deep structural imbalance that requires immediate government intervention.
The Country Director of ActionAid Nigeria, Andrew Mamedu, said the theme of this year’s commemoration, “Rights. Justice. Action. For All Women and Girls,” must translate into real policy actions rather than ceremonial commitments.
He noted that despite the existence of several legal and policy frameworks aimed at protecting women’s rights, millions of Nigerian women still face violence, discrimination and exclusion from decision-making spaces.
Citing figures from the National Bureau of Statistics Multiple Indicator Cluster Survey, the organisation revealed that about 30 per cent of Nigerian women aged between 15 and 49—an estimated 35.65 million people—have experienced physical violence since the age of 15. Additionally, around nine per cent of women, representing more than 10 million individuals, have suffered sexual violence.
ActionAid also raised concerns over Nigeria’s poor record in women’s political representation. According to data referenced from the World Bank, women occupy less than four per cent of seats in the National Assembly of Nigeria, with only 20 female lawmakers out of the 469-member legislature.
The organisation further observed that while states such as Anambra State and Lagos State have made modest progress in promoting women’s participation in governance, at least 15 states—including Kano State and Sokoto State—currently have no women serving in their state assemblies.
The group also highlighted the education gap affecting girls, referencing data from UNICEF which shows that Nigeria remains among countries with the highest number of out-of-school children globally, with girls disproportionately affected, particularly in northern communities.
According to ActionAid, the statistics represent real-life struggles faced by millions of girls forced to abandon education due to poverty and harmful cultural practices, as well as survivors of sexual and gender-based violence who often encounter stigma and weak justice systems.
While acknowledging the role of civil society organisations and development partners in advancing women’s empowerment programmes, the organisation said systemic obstacles within governance structures continue to slow meaningful progress.
ActionAid Nigeria noted that between 2019 and 2024, it implemented one of the country’s largest women’s rights programmes, supporting more than one million women through economic empowerment initiatives, political participation platforms and gender-based violence prevention programmes.
However, the organisation stressed that structural reforms remain critical, particularly the proposed Special Seats Bill, which seeks to reserve 74 legislative seats for women as a temporary measure to address the severe gender imbalance in Nigeria’s political institutions.
It described the bill as a transformative reform capable of significantly improving women’s political participation and strengthening inclusive governance.
ActionAid therefore urged federal and state governments to prioritise gender-responsive public investments, improve access to healthcare and education for women and girls, and strengthen justice mechanisms to ensure timely responses to cases of sexual and gender-based violence.
The organisation also called on Nigeria’s First Lady to champion the passage of the Special Seats Bill as a landmark initiative that could reshape the country’s democratic landscape and expand opportunities for women in leadership.
It further appealed to international development partners to increase funding for women-led organisations and protect civic spaces where women’s rights advocates operate.
ActionAid Nigeria reaffirmed its commitment to working with stakeholders across the country to build a society where women and girls can live free from violence, exercise their rights fully and participate meaningfully in shaping Nigeria’s future.
ActionAid Demands Passage of Special Seats Bill as Nigeria Marks International Women’s Day
News
FG Releases Emergency Contacts for Nigerians in Middle East Amid Escalating Crisis
FG Releases Emergency Contacts for Nigerians in Middle East Amid Escalating Crisis
By: Michael Mike
The Federal Government has released emergency contact numbers for Nigerian nationals residing in the Middle East as tensions continue to escalate across the region.
In a statement issued by the Ministry of Foreign Affairs Nigeria in Abuja, the government urged Nigerians living in affected countries to immediately register with the nearest Nigerian diplomatic mission and maintain close communication with officials for guidance and assistance.
The ministry said the contact numbers have been activated to support Nigerians who may require urgent assistance due to the ongoing security situation in parts of the Middle East.
According to the statement, affected citizens are advised to remain calm, follow directives issued by local authorities, and keep in touch with Nigerian embassies and consulates for updates regarding safety measures and possible evacuation arrangements.
“The Ministry of Foreign Affairs wishes to inform Nigerian nationals in the Middle East that communication channels have been established through the various Nigerian missions in the region,” the statement said.
It added that Nigerians who require emergency support should reach out to the missions through the following phone numbers:
Emergency Contact Numbers for Nigerian Missions in the Middle East
Iran: +989393216872, +989024165493
Israel: +972543340414, +972503673175
Jordan: +962795669949, +962799430414
Lebanon: +96181669403, +96170848080
Qatar: +97466802029, +97450733786
Saudi Arabia: +966503862894, +966532198524
United Arab Emirates: +971504252546, +971503761332
The ministry stressed that the Nigerian missions are working closely with host governments and international partners to monitor developments and ensure the safety of Nigerian citizens.
Authorities also reiterated that Nigerians in the region should remain where they are until further instructions are issued, particularly in areas where security conditions remain fluid.
The government assured that contingency plans are being coordinated should evacuation become necessary, noting that diplomatic missions have been placed on alert to provide consular assistance to citizens in distress.
The advisory comes amid rising regional tensions involving Iran, the United States and Israel, a development that has prompted several countries to issue safety alerts to their nationals in the Middle East.
Officials said further updates would be communicated through Nigerian missions and official government channels as the situation evolves.
FG Releases Emergency Contacts for Nigerians in Middle East Amid Escalating Crisis
News
Nigeria Issues Emergency Contacts for Citizens in Middle East Amid Escalating Crisis
Nigeria Issues Emergency Contacts for Citizens in Middle East Amid Escalating Crisis
By: Michael Mike
The Ministry of Foreign Affairs (Nigeria) has released emergency contact details for Nigerian citizens residing across the Middle East as tensions continue to escalate in parts of the region.
In a public advisory issued in Abuja on Saturday, the ministry urged Nigerians affected by the ongoing crisis to immediately reach out to the nearest Nigerian diplomatic missions and ensure they are properly registered with the embassy or consulate in their country of residence.
The advisory, signed by the ministry’s spokesperson, Kimiebi Ebienfa said the move was aimed at strengthening communication between Nigerian authorities and citizens who may require urgent assistance.
According to the statement, Nigerian missions across the region have activated established communication channels to provide support, including emergency guidance and possible evacuation coordination where necessary.
“Nigerian citizens affected by the ongoing crisis should contact the following mobile numbers in case of emergency and also ensure that they are registered with the respective embassy or consulate in their country of residence,” the statement said.
The ministry listed several diplomatic missions and dedicated emergency lines for Nigerians across the region, including the Embassy of Nigeria, Tehran in Iran, the Embassy of Nigeria, Tel Aviv in Israel, and the Embassy of Nigeria, Abu Dhabi in the United Arab Emirates.
Other missions providing emergency contacts include the Consulate-General of Nigeria, Dubai, the Embassy of Nigeria, Kuwait which also covers Bahrain, the Embassy of Nigeria, Doha in Qatar, the Embassy of Nigeria, Beirut in Lebanon, the Embassy of Nigeria, Riyadh and the Consulate-General of Nigeria, Jeddah in Saudi Arabia, as well as the Embassy of Nigeria, Amman in Jordan which also covers Iraq.
The ministry stressed that Nigerians in the region should remain vigilant, stay in contact with diplomatic missions and follow safety advisories issued by local authorities.
The advisory comes amid heightened security tensions across parts of the Middle East, prompting several countries to activate emergency support mechanisms for their citizens abroad.
Officials said the Nigerian government continues to monitor the situation closely through its embassies and consulates while exploring measures to ensure the safety and welfare of Nigerians living and working in the region.
Nigeria Issues Emergency Contacts for Citizens in Middle East Amid Escalating Crisis
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