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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
54 Borno Students Arrives Isaac Balami University as Government Justifies Investment
54 Borno Students Arrives Isaac Balami University as Government Justifies Investment
By: Our Reporter
The 54 Borno indigenes who were sponsored by the state government to pursue aerospace and related engineering courses have arrived at Isaac Balami University of Aeronautics and Management in Lagos.
Before they departed from Maiduguri, the Commissioner for Education, Science, Technology, and Innovation, Engr. conducted a farewell ceremony. According to Lawan Abba Wakilbe, the beneficiaries were selected through a competitive process that involved more than 1,200 applicants.

He announced that the Borno State government would provide scholarships worth about $30,000 per year to the 54 beneficiaries, covering tuition, accommodation, transportation, food, and other necessary costs.
Justifying the decision of the state government, Engr. Wakilbe said the choice of Isaac Balami University was strategic, cost-effective, and supportive of local capacity development.


According to him, “the university charges about $30,000 per student annually, covering tuition, accommodation, feeding, training, and stipends. While Aviation schools in the Philippines charge about $34,000 annually without accommodation, and institutions in the there States and the United Kingdom, where fees range between $120,000 and £90,000, excluding living costs,” Wakilbe stated.
The Commissioner for Education noted that the founder of the Institution, Isaac Balami, is an indigene of Borno State whose success in establishing Nigeria’s first private aeronautic university is a source of pride.
“If one of our own has built a specialised aviation university, it is only right that we patronize him first, noting that investing in local institutions keeps resources within the country.
“Isaac Balami, as an example, recalls how a scholarship enabled him to pursue aviation training and eventually establish a private aeronautic university. “We expect you to return as 54 Isaac Balamis,” he charged.

Addressing the students at IBUAM Lagos, the Executive Secretary of the Borno State Scholarship Board, Dr. Bala Isa, urged the beneficiaries to justify the expenditure made by Governor Zulum’s administration through discipline, excellence, and commitment.
“Some people are complaining about the cost of this training and other major projects,” he said. “But when you complete this programme successfully and begin to contribute meaningfully to society, those same critics will appreciate the vision behind it,” Isa remarked.

He reminded them that they were selected to pursue academic and professional excellence, not to engage in misconduct.
“You are here to learn, not to play. Put in your best efforts. This profession demands seriousness, focus, and responsibility. Lives will one day depend on your competence,” he cautioned.
On discipline, the Executive Secretary issued a stern warning, revealing that scholarships have previously been withdrawn from beneficiaries who failed to uphold acceptable standards of conduct.

“We have withdrawn scholarships before due to indiscipline. Even abroad, including in India, a student was sent back home for misconduct. We will not hesitate to take similar action if necessary,” he stated.
Founder of the University, Dr. Isaac Balami, urged the students to take their studies seriously and make the most of what has been described as a rare and highly privileged opportunity.

He reminded the students that the government is making significant financial investments in their training and expects measurable results in return. He cautioned that only those who demonstrate competence, discipline, and commitment will thrive in the programme.
“Aviation is about safety first, safety second, safety third. There is no room for carelessness. There is no participation in the air, underscoring the high level of responsibility required in the profession,” Balami stressed.

Dr. Isaac Balami said qualified professors, instructors, and technical personnel are on the ground to provide guidance and ensure their success.
54 Borno Students Arrives Isaac Balami University as Government Justifies Investment
News
We will soon submit the report on the research into kidney disease prevalence in Borno state… Prof Umate
We will soon submit the report on the research into kidney disease prevalence in Borno state… Prof Umate
The Nigerian Association of Nephrologists (NAN) recently met in Maiduguri for their annual meeting. This exclusive interview with Professor Ibrahim Umate was conducted recently after the opening session where he was honored with a fellowship of the award. Below are extracts of the interview
By: Bodunrin Kayode
Q: Governor Babagana Zulum and his directive for the UMTH to embark on research on prevalence of kidney diseases in Borno
A: We have gone very far in the sense that we have been able to find out the real militating factors responsible for the prevalence of the disease. But there is something we are waiting for to be able to conclude. In all the research we have been doing so far, we have been searching for genetic components igniting the problem.
This genetics research involves taking samples to the molecular laboratory and assessing the genetic components within each sample. There are other genes that may also be responsible like NHY genes which we are looking into how it influences kidney diseases. So we have taken samples to the molecular lab and results will soon be ready. People that have this kinds of genes are more likely to have these kinds of diseases.
Q: Cuts in….So the results will be ready before the Governor leaves office next year?
A: It will be ready within a month or so. We will present the official details to the Governor as soon as we are done with the details.
Q: How about the Challenges you are faced within the realm of the nephrology practice at UMTH?
A: Challenges are always there especially when people come to the hospital with very late presentation of the disease. Its a major and worrying challenge. If only people will come early with their ailments, some of these challenges would become reversible but if they come late there is almost nothing for us to do. Some of them come so late that you have nothing left to do other than to start dialysis. Or even begin to bother about transplant of another kidney to keep them alive. This is all due to the Challenges of late reporting.
Another challenge is about the facilities. Its not as if we don’t have, but you know as the patients population is growing, the machines are over stretched. For now, we have about 20 functional machines and we have to do two to three sessions on some of the machines on a daily bases depending on the number of patients waiting in the queue. Sometimes we have 30, 40 or even more patients waiting in a day for the same service. So sometimes we finish the first session and embark on the second session and these kinds of daily routines affects the machines badly. So ideally, after using the machines that day we can’t use again till the next day. Another challenge is that many people can’t afford the funds for the dialysis.
Again our daily challenge is not only around dialysis alone. There are other aspects of treatment which are far more expensive than dialysis. Example if you are to maintain the red blood vessels of a patient to avoid anemia, electro-positive stimulating agents are very important but its quite expensive. And it is expected that the patients should take it daily while just a vile of it is about 18,000. So if a patient is taking it just twice a week, he must have about 36,000 naira to take it.
Q: The CMD once hinted in a news conference about a foundation to help kidney patients, is it functional now?
A: Yes we have the Kashim Shettima foundation that is helping out with anyone that has transplant issues. As it stands today, anyone that does a transplant will not buy drugs again as long as the operation was done in Maiduguri. And this is courtesy of the Kashim Shettima foundation which will enable them to access the drugs and consumables.
Q: You seem to be having a good time with consumables Prof. What is the reality in the kidney centre?
A: Indeed, government is trying its best on that. We are getting them at subsidized rates. Instead of patients paying over 50,000 naira, they pay just 12,000 for a session of dialysis. So it is about 80% subsidized. That is a good deal to me.
We will soon submit the report on the research into kidney disease prevalence in Borno state… Prof Umate
News
Nigerian Embassy in Kuwait Issues Safety Advisory to Citizens Amid Regional Tensions
Nigerian Embassy in Kuwait Issues Safety Advisory to Citizens Amid Regional Tensions
By: Michael Mike
The Embassy of the Federal Republic of Nigeria in the State of Kuwait has urged Nigerian nationals in Kuwait and Bahrain to remain calm, vigilant, and compliant with host government ldirectives in light of prevailing regional developments.
In a circular dated March 1, 2026, and referenced NKT/GA/C/004/Vol. I, the Embassy — which holds concurrent accreditation to the Kingdom of Bahrain — advised citizens to strictly observe safety guidelines and official advisories issued by authorities in both countries.
The mission encouraged Nigerians to stay informed by monitoring credible local news outlets and official government announcements in Kuwait and Bahrain. It assured the community that it is closely tracking the situation and maintaining communication with leaders of Nigerian groups and associations in both countries.
To enhance real-time communication, the Embassy announced the creation of a dedicated mobile and WhatsApp line to ensure active engagement with nationals.
For further inquiries or assistance, Nigerians were advised to contact the Embassy via email at nigeriakuwait@yahoo.com or through the designated telephone and WhatsApp numbers provided by the mission.
The Embassy reaffirmed its commitment to the safety and welfare of all Nigerian citizens in its jurisdiction and pledged to continue providing timely updates as the situation evolves.
Nigerian Embassy in Kuwait Issues Safety Advisory to Citizens Amid Regional Tensions
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