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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
Troops neutralise kidnapper, arrest informants in Plateau
Troops neutralise kidnapper, arrest informants in Plateau
By: Zagazola Makama
Troops of 3 Division of the Nigerian Army, operating under the Joint Task Force, Operation Enduring Peace (OPEP), have neutralised a suspected kidnapper, arrested three informants and recovered arms and ammunition during an operation in Plateau State.
The operation followed reports of simultaneous kidnapping incidents at Dong Community in Jos North Local Government Area in the early hours of Monday.
Sources told Zagazola Makama that the troops responded swiftly to the distress calls and made contact with the kidnappers during the operation, leading to the neutralisation of one of the suspects.
Items recovered from the neutralised kidnapper include one AK-47 rifle, a magazine and four rounds of 7.62mm (Special) ammunition.

The suspect was later identified as a resident of the community, who was allegedly operating with the kidnapping syndicate from within the area.
The sources added that troops also arrested three persons suspected to be informants providing support and intelligence to the kidnappers.
The souces said the arrested suspects, along with the recovered arms and ammunition, are currently in custody, while troops have launched follow-up operations to track and arrest the fleeing members of the kidnapping gang.
The military reassured residents of Plateau State of its commitment to safeguarding lives and property, and urged members of the public to continue to provide timely and credible information to security agencies to aid ongoing operations.
Troops neutralise kidnapper, arrest informants in Plateau
News
African Students Clinch Top Honours as KDI School Graduates New Global Policy Leaders
African Students Clinch Top Honours as KDI School Graduates New Global Policy Leaders
By: Michael Mike
African students were among the standout performers as the KDI School of Public Policy and Management held its 2025 Commencement Ceremony, reinforcing the institution’s growing role in shaping a new generation of global policy leaders committed to ethical governance and sustainable development.
The award recipients included Stephen Ojegbola from Nigeria, who earned the Academic Excellence Achievement Award in Intellectual Property and Development Policy.
Speaking at the ceremony in Sejong, the Dean of KDI School, Professor Joon-Kyung Kim, congratulated the graduating class on what he described as a hard-earned achievement, while urging them to prepare for greater responsibilities ahead.
“Today is a day to take pride in how far you have come. After hardship comes happiness, but beyond one mountain lies another mountain. You are now part of our global KDI community of over 73,000 alumni across 143 countries, and wherever you go, you belong to something bigger,” Prof. Kim said.
The Dean highlighted KDI School’s global standing, noting that it was the first institution in Korea to receive the Network of Schools of Public Policy, Affairs, and Administration (NASPAA) accreditation twice and that it has been recognised for the fifth consecutive year as an excellent institution by the Korean Ministry of Education.
He added that KDI ranked in the global 51+ tier for Social Policy and Administration in the 2025 QS World University Rankings by Subject and placed second worldwide in citations per paper.
He however stressed that the true measure of success lay beyond rankings and awards, insisting that: “More important than accolades is what you take with you—the skills to use data, the values to serve others and the commitment to improve the world around you,” describing Korea’s development experience as a roadmap to sustainable development for emerging economies.
In a keynote address, the Ambassador of Rwanda to the Republic of Korea, Bakuramutsa Nkubito Manzi, charged graduates to embrace collaboration in addressing complex global challenges.
He said: “The era of isolated policy-making is over. Climate change, global health security and rising inequality demand cooperation, empathy and intellectual humility. Your success in public service will not be measured by profit, but by impact.”
He added that KDI training had equipped graduates with the ability to analyse policy through the lens of public good and ethical governance, urging them to become “solution makers, not just problem identifiers,” inspired by Korea’s transformation known as the Miracle on the Han River.
Several other African students received academic awards for exceptional performance at the ceremony. Alinafe Yoyola of Malawi (Master of Development Policy), Alieu Ceesay of The Gambia (Master of Data Science for Public Policy and Management) and Mustapha Colley of The Gambia (Master of Public Policy) won the Academic Excellence Achievement Award, while Pamela Mwale of Malawi, a Master of Public Policy graduate, earned a place on the Dean’s List.
Also, Nander Esmeralda Ndam (Master in Intellectual Property and Development Policy) from Nigeria and Samson Garama Dadu (Master of Public Policy) from Kenya received awards for Student Community Service.
Reflecting on his experience, Ojegbola said he chose KDI School for its unique partnership with the World Intellectual Property Organisation (WIPO).
He said: “This programme links intellectual property directly to development policy. Everything here is intentionally designed to bring the best out of students, and the experience challenged me to grow beyond my expectations.”
Another graduate, Muyama Christine from Uganda, described her journey as demanding but transformative. “Policy works not when it assumes self-sufficiency, but when it recognises interdependence,” she said, adding that her time at KDI had shown her the power of community and shared purpose.
African Students Clinch Top Honours as KDI School Graduates New Global Policy Leaders
News
Fleeing bandits’ drug supplier ‘Gamboli’ arrested in Niger
Fleeing bandits’ drug supplier ‘Gamboli’ arrested in Niger
. As NDLEA Mother and Child over 1,187 kilogrammes skunk seizure in Ondo
By: Michael Mike
Three weeks after escaping arrest at his home in Anguwan Makera, Kuta, Shiroro local government area of Niger state, a notorious supplier of illicit drugs to bandits operating in the area, 33-year-old Mohammed Sani (alias Gamboli) has been arrested by operatives of the National Drug Law Enforcement Agency (NDLEA) at his hideout.
Spokesman of anti-narcotics agency, Femi Babafemi, in a press statement on Sunday said the arrest of Gamboli followed credible intelligence about his illicit drug activities. He said NDLEA operatives had on 20th November 2025 raided his house at Anguwan Makera, Kuta, where they recovered 471.8 kilogrammes of skunk, a strain of cannabis. Though he escaped arrest during the raid and has since been in hiding, the manhunt for him eventually paid off last Thursday when NDLEA officers acting on processed intelligence traced and arrested him at one of his drug joints in Anguwan Fadama, Kuta.
Babafemi said intelligence reports had indicated that Gamboli is a major supplier of illicit drugs to bandits operating in Shiroro local government area.

The spokesman said NDLEA officers in Abia last Thursday raided a clandestine codeine syrup-manufacturing factory at Amapu Igbengwo village, Umuakpara, in Osisioma local government area of the state. During the operation, operatives recovered a total of 9,015 bottles of codeine syrup weighing 1,152.2 kilogrammes.
In Enugu state, operatives last Thursday arrested Ossai Emeka, 45, along Onitsha – Enugu Ezike road with 7.2 kilogrammes skunk, while Enoje Agada, 40, was nabbed along Enugu-Ezike -Ette road with 94.6 kilogrammes of same psychoactive substance.
A raid carried out by NDLEA operatives at a notorious drug joint known as “Beere the California” at Ido in Oyo state last Thursday led to the seizure of 3.4 kilogrammes skunk, 1.6 kilogrammes Colorado, a synthetic cannabis and 400 grammes of methamphetamine. Babafemi said the owner of the drug joint identified as “Idowu the killer” is currently at large while a suspect Ajibade Faruk was nabbed at the joint.
Another operation at Idi Oro, Elekuro, Ibadan last Friday led to the arrest of Olusanya Abosede, 35, and the seizure of 238.4 kilogrammes skunk, while the duo of Bashiru Babalola, 43, and Ogunwale Ranti, 50, were arrested last Wednesday at Gbaji checkpoint, Seme road Badagry, Lagos with 50,000 pills of tramadol 250mg,
NDLEA operatives in Ogun state arrested two suspects: Akinwale Makanjuola and Joseph Owolabi with 73 kilogrammes skunk at Iperu just as another suspect Wasiu Lateef was nabbed with 25 kilogrammes of same substance at Oke Agbede, Imeko area of the state last Tuesday. In Ondo state, NDLEA officers acting on credible intelligence last Monday raided a compound in Ogbese, Akure North local government area, where they arrested a 55-year-old woman Veronica Obi and her 29-year-old son Bright Obi, and recovered 1,187 kilogrammes of skunk and its seeds from them.
A suspect Ohiomah Igbafe, 44, was arrested during a raid operation at Uroe community, Owan East local government area of Edo state, where 461 kilogrammes skunk and its seeds were recovered last Tuesday.
In Gombe state, a suspect Muhammed Sani (alias Sha-Mu-Sha), 50, was arrested with 40,000 capsules of tramadol at Tunfure area, Gombe, while two other suspects: Muhammad Abdullahi (a.k.a Sakalala), 52, and Muhammed Hamza (a.k.a Mamman), 32, were nabbed at Ashaka Jalingo, with 56 kilogrammes skunk last Monday.
Babafemi said no fewer than 907 pills of tramadol, tapentadol, cocodamol, amitriptyline and bromazepam concealed in containers of local black soap, and designer wears, in six different consignments going to the US, Canada and Sweden were intercepted and seized by NDLEA operatives at two major courier companies in Lagos between Tuesday and Wednesday, last week.

At the Apapa seaport in Lagos, NDLEA officers on Saturday intercepted a consignment of 170,000 bottles of codeine syrup weighing 23,579 kilogrammes during a joint examination of a container with men of Customs Service and other security agencies.
He said in like manner, commands and formations of the agency across the country continued their War Against Drug Abuse, WADA, sensitization activities to schools, worship centres, work places and communities among others in the past week.
Meanwhile, the Chairman/Chief Executive Officer of NDLEA, Brig. Gen. Buba Marwa (rtd), while commending the officers and men of DOGI, Niger, Abia, Oyo, Enugu, Seme, Ogun, Ondo, Gombe, Apapa and Edo commands for the arrests, seizures and their dexterity, enjoined them and their colleagues across the country to continue with the ongoing balanced approach to the drug control efforts of the agency.
Fleeing bandits’ drug supplier ‘Gamboli’ arrested in Niger
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