News
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
NTAC DG Celebrates Mallam Nuhu Ribadu at 65, Commends His National Service Credentials
NTAC DG Celebrates Mallam Nuhu Ribadu at 65, Commends His National Service Credentials
By: Michael Mike
Director General of the Nigerian Technical Aid Corps (NTAC), Rt.Hon. Yusuf Buba Yakub has commended the National Security Adviser, Mallam Nuhu Ribadu for his trailblazing leadership as the pioneer Chairman of the Economic and Financial Crimes Commission (EFCC) and for his current role as the National Security Adviser.
The NTAC boss , who made the commendations on Saturday in Abuja, while celebrating the foremost lawyer and public servant, who turned 65 on Friday, also lauded Ribadu for steering Nigeria through complex security challenges with courage and integrity, stating that this has set an enduring example for all public officers to emulate.
In a message he personally signed and made available the media in Abuja,Buba emphasized the great roles Mallam Ribadu has continued to play in the evolution of the Nigerian state.
He said: “I have the honour to refer to the above subject-matter and avail myself of the opportunity of this auspicious moment to celebrate you, Dear Leader and Brother, on the occasion of your birthday celebration this year.
“Yesterday again marked yet another milestone of wisdom, dedication, and service as you celebrated 65 years of life, many of which you have invested in the service of our nation and humanity at large.
“Without the risk of reciting the obvious, Sir,
your trailblazing leadership as the pioneer Chairman of the Economic and Financial Crimes Commission (EFCC), where you transformed the fight against corruption, and now as the National Security Adviser, steering Nigeria through complex security challenges with courage and integrity, has set an enduring example for all of us to emulate.
“Your legacy of principled reform, selfless service, and steadfast patriotism continues to inspire countless Nigerians, especially the young professionals and Volunteers we work with every day. May Allah (SWT) continue to strengthen you for greater wisdom and performance as you age in wealth and wellness.
“For myself, my dear family and on behalf of the Management and staff of the Nigerian Technical Aid Corps (NTAC), where with your kind support I have served as DG these past years, I extend heartfelt congratulations to you, Sir, on this remarkable milestone and solemn achievement.
“May Allah grant you good health, long life, and the special wisdom to keep guiding our nation toward peace, security, and prosperity.
“We pray that the years ahead bring you abundant joy, fulfillment, and the satisfaction of seeing the fruits of your tireless efforts in many more years of blessings.”
NTAC DG Celebrates Mallam Nuhu Ribadu at 65, Commends His National Service Credentials
Crime
Jihadist reportedly overrun gendarmerie camp in niger, kill 21 officers
Jihadist reportedly overrun gendarmerie camp in niger, kill 21 officers
By: Zagazola MAkama
Suspected jihadists on Friday attacked and seized control of the Gendarmerie Camp in Garbougna, Niger Republic, killing more than 21 gendarmes, according to security sources.
The attackers, believed to be affiliated with Sahel-based extremist groups, stormed the facility in large numbers, overwhelming security personnel during the early morning assault.

Sources told Zagazola Makama that the insurgents also carted away several vehicles, along with a significant quantity of arms and ammunition stored at the camp.
“The situation is dire. The Garbougna gendarmerie post was overrun, and dozens of weapons and vehicles were taken. The number of casualties is still being compiled, but more than 21 gendarmes are feared killed,” one security source said.

The attack underscores the escalating insecurity in parts of Niger, where jihadist groups linked to al-Qaida and the Islamic State continue to mount coordinated assaults on security formations and rural communities.
Niger’s military authorities have not yet issued an official statement regarding the incident as at the time of filing this report.
Zagazola recalls that the tri-border region spanning Niger, Mali and Burkina Faso has witnessed intensified jihadist activities in recent months, with security forces increasingly targeted in ambushes and camp raids.
Jihadist reportedly overrun gendarmerie camp in niger, kill 21 officers
News
Tuggar Appeals to Broadcaster to Promote Nigeria’s Information Sovereignty
Tuggar Appeals to Broadcaster to Promote Nigeria’s Information Sovereignty
By: Michael Mike
Minister of Foreign Affairs, Ambassador Yusuf Tuggar has emphasized the critical role of independent broadcasters in promoting the country’s information sovereignty, national cohesion, and digital security.
Represented by the Ministry of Foreign Affairs spokesperson, Kimiebi Ebienfa, at the Independent Broadcasters Association of Nigeria (IBAN) 2025 Annual General Meeting and Conference, on Thursday, Tuggar stressed that the broadcast sector is a key player in shaping Nigeria’s global narrative and ensuring internal stability.
The event’s theme, “Broadcasting for Information Sovereignty, National Cohesion and Digital Security,” according to the minister aligns with the nation’s foreign policy objectives.
He urged broadcasters to produce locally relevant content, counter disinformation, and bridge ethnic and cultural divides, adding that a united Nigeria commands greater international respect.
He also highlighted the need for robust digital security measures to protect against cyber threats and misinformation campaigns, warning that breaches in the sector could undermine national security.
He called for stronger collaboration between the government and media to safeguard Nigeria’s information ecosystem and project a positive global image.
The conference aimed to address the evolving challenges of broadcasting in a digital age.
Tuggar Appeals to Broadcaster to Promote Nigeria’s Information Sovereignty
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