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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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NCoS Dismisses Claims of Prisons as TB Hotbeds, Reaffirms Strong Disease Control Measures

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NCoS Dismisses Claims of Prisons as TB Hotbeds, Reaffirms Strong Disease Control Measures

By: Michael Mike

The Nigerian Correctional Service (NCoS) has rejected claims that custodial centres across the country have become “hotbeds” for tuberculosis (TB), describing such assertions as misleading, alarmist, and unsupported by verified data.

In a press statement issued on Sunday, the Service spokesperson, Jane Osuji faulted a report published by Daily Trust on January 3, 2026, titled “How Nigerian Prisons Became Tuberculosis Hotbeds,” insisting that the narrative failed to reflect the realities within Nigeria’s correctional facilities.

According to the NCoS, while it welcomes responsible media engagement on public health and inmate welfare, the report relied on sweeping generalisations and unverified claims, despite the Service having provided the reporter with detailed and factual information on tuberculosis prevention and treatment in custodial centres.

“The portrayal of custodial centres as unchecked tuberculosis hotbeds is misleading and unfair,” the Service said, adding that some of the names and cases cited in the report do not exist in the records of any correctional facility known to the Service.

The NCoS noted that tuberculosis remains a global public health challenge affecting both custodial and non-custodial populations, stressing that Nigeria’s TB response is coordinated by the Federal Ministry of Health through the National Tuberculosis, Leprosy and Buruli Ulcer Control Programme (NTBLCP), in line with World Health Organization guidelines.

It explained that the Service is an active stakeholder in the national TB response, operating health clinics across custodial centres nationwide and working closely with the NTBLCP, federal and state ministries of health, non-governmental organisations, and development partners.

These collaborations, the Service said, support routine TB screening, laboratory diagnosis, treatment initiation, adherence monitoring, and referral to secondary or tertiary health institutions where required. Inmates diagnosed with tuberculosis are placed on nationally approved treatment regimens at no cost.

The NCoS further outlined that healthcare management in custodial centres includes medical screening upon admission, periodic health assessments, infection prevention and control measures, isolation of infectious cases when clinically indicated, and structured referral systems to external hospitals.

While acknowledging challenges such as congestion in some urban custodial facilities and ageing infrastructure, the Service stressed that these issues do not amount to neglect of inmate welfare. It highlighted ongoing decongestion efforts through jail delivery exercises, collaboration with the judiciary, and the expansion of non-custodial measures provided for under the Nigerian Correctional Service Act.

The Service also recalled its handling of the COVID-19 pandemic, noting that despite custodial centres being classified globally as high-risk environments, proactive screening, isolation protocols, and close collaboration with public health authorities ensured that no active COVID-19 cases were recorded in custodial centres nationwide.

According to the NCoS, this experience demonstrates its institutional capacity and preparedness to manage communicable diseases, including tuberculosis, within custodial settings.

The statement added that the Federal Government has approved the recruitment of additional medical and healthcare professionals to further strengthen health service delivery, disease surveillance, and treatment programmes across custodial centres.

Reaffirming its commitment to safeguarding the health, dignity, and human rights of persons in custody, the Nigerian Correctional Service said it remains open to constructive criticism but will continue to challenge reports that misinform the public or unjustly malign the institution.

NCoS Dismisses Claims of Prisons as TB Hotbeds, Reaffirms Strong Disease Control Measures

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US Invasion of Venezuela: ECOWAS Urges Restraint, Backs Dialogue

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US Invasion of Venezuela: ECOWAS Urges Restraint, Backs Dialogue

By: Michael Mike

The Economic Community of West African States (ECOWAS) has expressed concern over the recent developments in the Bolivarian Republic of Venezuela, calling on all parties to exercise restraint and respect international law.

In a statement issued in Abuja on Sunday, ECOWAS acknowledged the right of states to combat international crimes such as terrorism and drug trafficking but stressed that such efforts must be carried out in line with established principles of international law.

The regional bloc reminded the international community of the obligation to respect the sovereignty and territorial integrity of all nations, as provided under Article 2(4) of the United Nations Charter.

ECOWAS said it fully aligns with the African Union’s position, articulated in a statement released on 3 January 2026, which urged restraint and encouraged inclusive dialogue among the people of Venezuela as a means of addressing the country’s challenges.

The statement comes amid heightened tensions in Venezuela following reports of foreign military actions and growing international reactions to the evolving security and political situation in the South American country. Venezuela has in recent years faced prolonged political instability, economic hardship, and international pressure, leading to sharp divisions both domestically and globally over how best to address the crisis.

ECOWAS reiterated its solidarity with the Venezuelan people and called on all states to respect Venezuela’s independence and territorial integrity. The bloc expressed support for efforts by Venezuelans to determine the future of their country through an inclusive and peaceful process.

The West African regional body joins a growing list of international and regional organisations advocating de-escalation and dialogue as tensions continue to draw global attention.

US Invasion of Venezuela: ECOWAS Urges Restraint, Backs Dialogue

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Troops neutralise seven terrorists, rescue hostages in Borno

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Troops neutralise seven terrorists, rescue hostages in Borno

By: Zagazola Makama

Troops of Joint Task Force (North East), Operation Hadin Kai, have neutralised seven terrorists and rescued three abducted persons during coordinated clearance and ambush operations in Konduga Local Government Area of Borno.

Zagazola Makama reliably informed that the latest encounters occurred in the early hours of Saturday under Operation Desert Sanity V.

According to the sources, troops operating in conjunction with members of the Hybrid Force and Civilian Joint Task Force (CJTF) made contact with terrorists at about 4:40 a.m. at Sojiri, a known terrorist crossing point in Konduga LGA.

“During the firefight, five terrorists were neutralised, while three hostages kidnapped by the terrorists were successfully rescued. One AK-47 rifle was also recovered,” the sources said.

They added that no casualty was recorded on the side of own troops, with no personnel killed, wounded or missing.

In a related operation, the main advancing force into terrorist territory was reported to be about four kilometres short of the crossing point at Kana after commencing movement from a harbour position.

The sources said contact was made by an ambush team between Meleri and Ngirbua, where two additional terrorists were neutralised and one AK-pattern rifle recovered.

Zagazola reports that Operation Desert Sanity V is part of sustained offensive actions by the Nigerian military aimed at degrading terrorist networks, blocking movement corridors and rescuing abducted civilians across the North East.

Troops neutralise seven terrorists, rescue hostages in Borno

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