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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.
End

NCP Mulls BOA-NIRSAL Merger, Injection Of Fresh Capital

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VP Shettima Attends High-Level Meeting On Africa’s Health Security Sovereignty

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VP Shettima Attends High-Level Meeting On Africa’s Health Security Sovereignty

By: Our Reporter

Shortly after his bilateral discussions with United Nations Secretary-General António Guterres, Vice President Kashim Shettima moved on to a high-level meeting on Building Africa’s Health Security Sovereignty on the sidelines of the African Union Summit in Addis Ababa, Ethiopia.

The session, organized by Africa CDC and fully supported by the Nigerian government, convenes African leaders and health policymakers to chart the path toward strengthening the continent’s health emergency preparedness, response systems, and pharmaceutical independence.

Joining the Vice President at the meeting are key Nigerian officials including the Coordinating Minister of Health and Social Welfare, Prof. Muhammad Ali Pate, and Minister of Foreign Affairs, Amb. Yussuf Tuggar.

Other African health ministers in attendance include Dr. Ibrahim Sy of Senegal, Madalisto Baloyi of Malawi, and Dr. Mekdes Daba of Ethiopia.

VP Shettima Attends High-Level Meeting On Africa’s Health Security Sovereignty

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ISWAP suspected in Baga abduction of five civilians

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ISWAP suspected in Baga abduction of five civilians

By: Zagazola Makama

Five civilians were abducted on Feb. 12, 2026, by suspected Boko Haram/ISWAP terrorists in Doro Baga, Kukawa Local Government Area, Borno State, the Police Command reported.

Sources disclosed that the victims, Alhaji Sani Boyi, Bullama Dan Umaru, Baba Inusa, Abubakar Jan Boris, and Mallam Shaibu, were taken while purchasing fresh fish at a local market around 7:00 a.m.

The troops of Sector 3 Operation HADIN KAI, Civilian Joint Task Force (CJTF)/hunters immediately responded to the incident.

Relevant intelligence has been gathered, and search and rescue operations are ongoing to secure the release of the victims.

ISWAP suspected in Baga abduction of five civilians

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Is Russia Immune to Media Scrutiny in Africa?

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Is Russia Immune to Media Scrutiny in Africa?

•Press freedom, sovereignty and Africa’s refusal to be silence

By Oumarou Sanou

A dangerous precedent is emerging across Africa’s diplomatic and media landscape: the public targeting of individual journalists by foreign missions for simply asking difficult questions. The recent pattern of responses from the Russian Embassy in Nigeria toward African journalists and media platforms raises deeper concerns, not only about geopolitics but also about press freedom, sovereignty, and the dignity of African voices.

Bullying a single African journalist through official diplomatic channels is not merely a disagreement; it is an intolerable affront to free expression. Journalism exists to question power, whether domestic or foreign. When embassies shift from presenting facts to publicly discrediting individuals, the implication is clear: criticism will be punished personally rather than debated professionally. Today it is one journalist; tomorrow it could be an entire media ecosystem.

In recent months, respected outlets, including Premium Times, THISDAY, The Guardian Nigeria, and Leadership Newspaper, have faced unusually harsh diplomatic rebukes after publishing critical analyses. Prominent commentators such as Azu Ishiekwene and Richard Akinnola, as well as Oumarou Sanou, have also been singled out. Instead of counter-evidence, the response has often been personal accusations and insinuations of hidden sponsors. That approach undermines constructive dialogue and erodes trust in diplomatic engagement.

Let us be clear: journalists are human and can make mistakes. Professional reporting welcomes correction. If the facts are incorrect, present evidence, make the data open, and allow readers to judge. Insults, calumny and attempts to destroy professional reputations are not rebuttals; they are attempts to silence scrutiny. No foreign government should expect immunity from questioning on African soil.

Africa’s position in the evolving global order must remain principled and independent. Africans are not invested in the confrontation between Russia and the West; it is not our war. A genuine Pan-African perspective demands equal scrutiny of all external powers. If tomorrow credible evidence emerges that Britain, France, America, China or any other actor is recruiting Africans into foreign conflicts under deceptive pretence, the same criticism must apply. The principle is simple: African lives are not expendable tools in geopolitical struggles.

Reports of African nationals—including Nigerians—fighting and dying thousands of miles away in foreign wars raise serious ethical and security questions. Whether through informal networks, deceptive job offers, or shadow recruitment channels, African citizens are being drawn into conflicts that do not belong to them. Journalists who expose these risks are not attacking any nation; they are protecting their fellow Africans from exploitation and preventable tragedy.

Kenya’s recent stance offers a compelling example. Kenyan authorities publicly condemned the recruitment of their citizens into foreign conflicts and moved to close illegal agencies while seeking diplomatic explanations. That response signals a broader African awakening: governments must prioritise the safety and dignity of their citizens over the sensitivities of powerful partners. Nigeria and other African states would do well to adopt similar vigilance.

Beyond individual cases lies a deeper philosophical question. Neocolonialism today is not defined by flags or territorial control but by influence, dependency and narrative domination. Great powers—East or West—sometimes behave as though African voices must align with their geopolitical agendas. This assumption is unacceptable. Africans have their own interests, challenges and aspirations. We are not puppets in anyone’s strategic theatre.

Respect in diplomacy must be reciprocal. If a foreign embassy publicly attacked a journalist by name inside Moscow, Paris or Washington, would it be considered acceptable conduct? Sovereignty demands mutual respect, not selective outrage. African countries deserve the same diplomatic courtesy that global powers expect at home.

At the same time, African journalism must remain grounded in professionalism and evidence. Responsible reporting strengthens credibility and protects the integrity of public discourse. But professionalism cannot thrive in an atmosphere of intimidation. When journalists are targeted individually, the chilling effect extends far beyond the targeted individual; it discourages others from investigating sensitive issues of public concern.

The response from Africa’s media community must therefore be collective. Silence in the face of intimidation risks normalising it. Journalists, editors and civil society organisations should stand together to defend the right to ask difficult questions without fear of diplomatic retaliation. Protecting a single journalist ultimately concerns protecting the profession and safeguarding the democratic space.

Africa’s future in a multipolar world will depend on its ability to engage all partners while remaining fiercely independent. That independence begins with intellectual sovereignty: the freedom to question everyone and align with no external agenda. Whether criticism targets Russia, Western nations or any other power, the standard must remain consistent: facts over propaganda, dialogue over intimidation, and mutual respect over coercion.

No nation is above scrutiny. No African journalist should be silenced for doing the work that democracy demands.

Oumarou Sanou is a social critic, Pan-African observer and researcher focusing on governance, security, and political transitions in the Sahel. He writes on geopolitics, regional stability, and African leadership dynamics. Contact: sanououmarou386@gmail.com

Is Russia Immune to Media Scrutiny in Africa?

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