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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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Sahel on edge as sabotage campaigns spread across Niger and Mali, threatening regional stability and economic survival

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Sahel on edge as sabotage campaigns spread across Niger and Mali, threatening regional stability and economic survival

By: Zagazola Makama

A sharp escalation in economic sabotage by armed groups in Niger Republic and Mali is deepening instability across the Central Sahel, with fresh attacks on oil and fuel infrastructure pointing to an increasingly insecure landscape for governments, civilians and foreign partners in the region.

The latest incident occurred on Sunday night in Niger Republic’s eastern Diffa Region, where an oil pipeline explosion at Agadem was attributed to the Mouvement Patriotique pour la Libération du Jihad (MPLJ), a newly emergent armed faction led by Moussa Kounai. The group released a video claiming responsibility for damaging a section of the pipeline and vowed further attacks unless the ruling Conseil National pour la Sauvegarde de la Patrie (CNSP) steps down and reinstates constitutional governance.

The MPLJ also accused the junta of supporting foreign rebel groups, specifically naming the Chadian Front pour l’Alternance et la Concorde (FACT), which it alleges operates with the approval and logistical backing of Niger’s transitional military authorities.

Security sources say the attack marks a worrying expansion of anti-state sabotage in Niger, where armed groups such as the Lakurawa network have previously targeted oil infrastructure. These incidents now coincide with sustained assaults by jihadist formations like JNIM and Islamic State Sahel Province, creating an increasingly complex and volatile security environment.

Zagazola warn that the proliferation of armed groups following the 2023 coup has eroded state control, with economic assets such as pipelines, storage facilities and export routes becoming strategic targets for factions seeking bargaining power or political influence. The Agadem basin a cornerstone of Niger’s crude output and a critical link in its export chain to international markets is especially vulnerable.

Meanwhile in neighbouring Mali, the situation has taken on an even more disruptive dimension as the Al-Qaeda-affiliated JNIM intensifies a sweeping fuel blockade that has crippled the country’s economy and strained daily life for millions.

Since September, JNIM fighters have systematically attacked fuel tankers travelling from Senegal and Côte d’Ivoire, routes that account for the majority of Mali’s fuel imports. Tankers have been burned, drivers and security escorts killed, and entire convoys halted by improvised explosive devices and ambushes.

The insurgents are believed to be retaliating against a government directive restricting fuel sales in rural areas, a measure aimed at cutting off jihadist access to diesel and petrol used for mobility, logistics and explosives manufacturing.

The impact has been devastating. Fuel scarcity has worsened Mali’s longstanding electricity crisis, plunging Bamako and several regional capitals into long blackouts. With power plants relying heavily on diesel, factories have shut down, cold-chain food systems are collapsing, and telecommunications have become unreliable.

Government offices, banks and airports are also struggling to maintain normal operations. On Sunday, authorities suspended classes in all schools and universities for two weeks due to the acute shortage.

In rural communities, the blockade coincides with harvest season. Farmers say tractors and irrigation pumps have become idle, threatening crop yields and heightening food insecurity in a country already burdened by displacement and declining agricultural output.

Despite several rounds of negotiations involving community leaders and intermediaries, no agreement has been reached with JNIM. The group appears intent on leveraging the economic pressure to force political concessions from the military-led government.

Security experts say the rising wave of economic sabotage across Niger and Mali reflects a broader trend in the Sahel, where armed groups are increasingly shifting from territorial warfare to strategic economic disruption. By targeting energy supply lines pipelines in Niger and tanker routes in Mali these groups are undermining state capacity, weakening public confidence, and heightening the cost of governance for already fragile juntas.

The dual crises also signaled troubles for neighbouring countries, particularly Nigeria, which shares extensive energy, trade and security ties with Niger. These misattributed attacks or cross-border accusations could trigger diplomatic strains at a time when regional cooperation is crucial.

With militants in both countries signalling readiness for escalated operations, the Sahel is bracing for deeper instability unless coordinated regional and international responses are mobilised to protect critical infrastructure, restore supply chains and contain armed group expansion.

Zagazola Makama is a counter Insurgency Expert and Security Analyst in the Lake Chad region.

Sahel on edge as sabotage campaigns spread across Niger and Mali, threatening regional stability and economic survival

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killings of 259 cattle spark rising tension as attack on herders escalate across Gwer West, Guma in Benue

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killings of 259 cattle spark rising tension as attack on herders escalate across Gwer West, Guma in Benue

By: Zagazola Makama

Fresh tension is building in Benue State following coordinated attacks on Fulani herders and the killing of hundreds of cattle in Gwer West and Guma Local Government Areas, in incidents that could trigger another cycle of violence if not urgently addressed.

According to field reports made available to Zagazola Makama, heavily armed men, alleged by herder associations to be members of local security outfits, supported by local security outfits, launched multiple assaults on pastoral communities since Nov. 12, killing an estimated 259 cattle in two separate attacks.

The first incident occurred near Naka in Gwer West LGA, where the government backed security outfits operating on motorcycles and vehicles reportedly targeted herders grazing peacefully in the area. The cattle owners Abdullahi Musa said 50 of his cattle were killed, Wakili Musa another harder said 51 of his livestock were killed while Maibargo Abubakar lost 21 of his cattle in the ambush without any provocation.

Multiple Witnesses said the attackers transported the carcasses of the killed animals into Naka town in broad daylight, where they were seen celebrating. Some of the community members described the attack as “deliberate provocation aimed at escalating ethnic tensions.”

A second attack was recorded the same day behind Okohol village near Ikpam in Guma LGA, where another group of armed men reportedly killed 137 cattle belonging to Alhaji Anaruwa Yongo and his brother. Several carcasses were reportedly removed from the scene while others remained littered across the grazing area.

Sources told Zagazola Makama that military personnel deployed in the affected corridors visited some of the locations after the incidents and confirmed the attacks. Security operatives, however, have not issued an official statement on the attacks while government of Benue remained mum.

Leaders of pastoralist communities described the Benue incidents as part of a “recurring, underreported pattern” of attacks on Fulani herders in several states, including Enugu, Niger and Kebbi. They accuse some local authorities of quietly supporting armed groups that target pastoralists, while only issuing statements when reprisals occur.

Community representatives further allege that despite repeated reports and identification of perpetrators in past incidents, the Benue State Government has not taken concrete steps to halt the killings, creating what they describe as “a climate of impunity that encourages attacks.”
They warn that the continued silence from state actors, coupled with worsening hostilities, risks sparking a renewed wave of communal violence.

They appealed for urgent intervention from federal security agencies, including Defense Headquarters and the Office of the National Security Adviser, to prevent further escalation.
They also called for an impartial investigation into the killings, protection for vulnerable herders, and proactive engagement with community leaders to avert retaliatory attacks.

They described the situation as “a ticking time bomb” and urged the Federal Government to address what they see as a widening security gap that could destabilize the region if left unchecked.

killings of 259 cattle spark rising tension as attack on herders escalate across Gwer West, Guma in Benue

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Controversial Air Peace Runway Incursion Report: NEFGAD Calls for the Sack of NSIB DG

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Controversial Air Peace Runway Incursion Report: NEFGAD Calls for the Sack of NSIB DG

By: Michael Mike

Network for the Actualization of Social Growth and Viable Development (NEFGAD), a civic organisation, has asked President Bola Tinubu to sack with immediate effect the Director General of the Nigerian Safety and Investigation Bureau (NSIB), Mr Alex Badeh Jr. over the recent controversy surrounding the toxicology report.

NEFGAD, during a press conference on Tuesday in Abuja, said the recent controversy surrounding the toxicology report released by the Nigerian Safety and Investigation Bureau (NSIB), and the subsequent strong denial issued by Air Peace, has further deepened concerns about the credibility, professionalism, and operational integrity of the Bureau under its current leadership and the need to call on President Bola Tinubu to sack with immediate effect, the Director General of the NSIB Mr Alex Badeh Jr, to pave the way for thorough investigation in a bid to restore public confidence in the air safety agency.

NEFGAD made the call through its acting head of office Barrister Unekwu Blessing Ojo, who during the press conference emphasized NEFGAD’s position as a critical stakeholder in the aviation sector committed to transparency, accountability, and public safety within Nigeria’s aviation sector expressing profound disappointment in the manner the highly sensitive investigation into the July 2024 runway incursion incident by an Air Peace aircraft was being handled by the NSIB.

She maintained that NSIB is an aviation watchdog whose investigation requires utmost precision, neutrality, and scientific rigour, stressing that any lapse, real or perceived – undermines public trust and jeopardises the confidence of both domestic and international partners in Nigeria’s air safety oversight.

She stated that the conflicting narratives and the lack of clarity from a report issued by the NSIB itself months after the incidents and series of counter claims from Air Peace is troubling and entirely allien to the Nigerian aviation sector, particularly to the operations of the Bureau since inception until Mr Badeh Jr became the Bureau’s Director General, and this has raised legitimate doubts about the Bureau’s internal processes, its adherence to global best practices, and its ability to professionally discharge its statutory mandate.

She noted that at this critical moment, Nigeria an aspiring nation working hard to ensure the air safety of its citizens and attract investment confidence globally cannot afford an aviation investigative body whose operation and leadership inspires controversy rather than confidence.

She said: “In view of the foregoing, the group call for the immediate resignation of the Director-General of the NSIB. This action is essential to restore public trust, protect the integrity of ongoing and future investigations, and pave the way for a transparent review of the Bureau’s operational standards.

“NEFGAD further urge the President to initiate an independent assessment of the NSIB – its leadership structure, investigative protocols, and quality control mechanisms using the Airpeace runway incursion as a test case and ensure that the agency is repositioned for credible, world-class performance.”

NEFGAD vowed mass and possible legal action should Mr Badeh fails to accede to its request to resign, insisting that Nigeria’s aviation safety institutions must operate above reproach and its leadership accountability non-negotiable.

Controversial Air Peace Runway Incursion Report: NEFGAD Calls for the Sack of NSIB DG

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