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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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Zulum Donates ₦50m to Family of Fallen Officer, Reaffirms Support for Military Heroes

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Zulum Donates ₦50m to Family of Fallen Officer, Reaffirms Support for Military Heroes

By: Michael Mike

Borno State Governor, Babagana Zulum has donated ₦50 million to the family of late Lieutenant Colonel OC Okolo, who was killed during a Boko Haram attack in Mandaragirau, Biu Local Government Area of Borno State, on February 16, 2026.

The gesture comes amid a series of similar interventions by the governor, including a recent ₦150 million donation to families of three military officers who lost their lives in separate attacks across the state.

Zulum reiterated his administration’s unwavering commitment to supporting families of fallen soldiers, describing their sacrifices as invaluable to Nigeria’s security and unity. He assured that his government would continue to identify with and assist families of personnel killed or declared missing in action in the ongoing counter-insurgency operations.

The donation was delivered at a funeral service held in Obinofia Ndiuno, Ezeagu Local Government Area of Enugu State on Firiday. The governor was represented by his Special Adviser on Security, Brigadier General Abdullahi Sabi Ishaq (Rtd), who presented the cash on behalf of the Borno State Government.

Speaking through his representative, Zulum expressed deep sorrow over the officer’s death.

He said: “Lt. Col OC Okolo was a gallant, dedicated and committed officer of the nation whose contributions will not be forgotten,” while extending condolences to the family, friends, and colleagues of the deceased.

He also prayed for the repose of the late officer’s soul and for strength for the bereaved family.

Responding on behalf of the family, Stanley Okolo expressed profound gratitude to the governor for the support and solidarity shown during their time of grief.

@The family members were particularly touched by the cash donation and the delegation sent from Maiduguri to attend the funeral service despite the short notice,” he said.

He further commended the Chief of Army Staff and the General Officer Commanding, 82 Division, for sending representatives to honour the late officer.

The funeral was attended by senior military representatives, including Brigadier General G.A. Suru, representing the Chief of Army Staff, and Brigadier General I.P. Omoke, who represented the Theatre Commander of Operation HADIN KAI, alongside members of the Nigerian Army Officers’ Wives Association (NAOWA) and the host community.

The donation underscores ongoing efforts by the Borno State Government to recognise and support the families of those who have made the ultimate sacrifice in Nigeria’s fight against insurgency.

Zulum Donates ₦50m to Family of Fallen Officer, Reaffirms Support for Military Heroes

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MSF Ramps Up Emergency Response as Lassa Fever Outbreak Deepens in Benue

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MSF Ramps Up Emergency Response as Lassa Fever Outbreak Deepens in Benue

By: Michael Mike

A worsening Lassa fever outbreak in Benue State has triggered an urgent intervention by international medical humanitarian organisation Médecins Sans Frontières (MSF), as rising infections and deaths place severe pressure on already stretched health facilities.

Working in collaboration with the Benue State Ministry of Health, MSF has deployed emergency teams to reinforce infection prevention and control (IPC) measures, following a surge in cases that has exposed critical gaps in healthcare safety systems—particularly affecting frontline workers.

Official data indicate that as of mid-March, the state recorded 410 suspected cases of Lassa fever, with 60 confirmed infections and 14 deaths. Disturbingly, 14 healthcare workers are among those infected, raising serious concerns about inadequate protective measures within treatment centres.

The situation reflects a broader national crisis. The Nigeria Centre for Disease Control and Prevention (NCDC) reports that Nigeria has recorded 167 deaths from Lassa fever in the first 13 weeks of 2026 alone, with a case fatality rate of 25.2 per cent—significantly higher than the 18.5 per cent recorded during the same period in 2025.

Benue State formally declared the outbreak on February 3, 2026, as infections escalated across communities in what is already recognised as one of Nigeria’s high-risk zones for the disease.

Lassa fever, an acute viral haemorrhagic illness endemic in Nigeria, typically peaks between November and April. It is primarily transmitted through contact with food or household items contaminated by infected rodents, but can also spread through direct contact with the bodily fluids of infected persons—making healthcare settings particularly vulnerable when safety protocols are weak.

Responding to the emergency, MSF launched a three-month intervention in March aimed at containing the outbreak and preventing further transmission. The mission was initiated at the request of state authorities, especially in light of rising infections among health workers and persistent shortages of personal protective equipment (PPE).

“Healthcare workers and patients are at significant risk when infection prevention measures are not fully in place,” said MSF Emergency Coordinator, Juniper Gordon. “Strengthening IPC and improving the organisation of care are critical to reducing transmission in health facilities.”

MSF teams are now providing hands-on support in selected facilities, focusing on strengthening clinical practices and improving patient management systems. This includes training healthcare workers on IPC protocols, reorganising triage processes, and establishing clearly defined high-risk and low-risk zones to limit cross-infection.

The organisation is also supplying essential materials, including PPE, hygiene kits, and sanitation supplies, while reinforcing waste management systems and infection control procedures. Handwashing stations are being installed across supported facilities, and surveillance efforts are being strengthened through improved data collection and monitoring.

In a move to support patient welfare, MSF is also providing food assistance to individuals in isolation centres, helping to ease the burden on affected families.

MSF said it is coordinating closely with global and national partners, including the World Health Organization, UNICEF, and the NCDC, to scale up response efforts and curb the spread of the disease.

Despite these interventions, public health experts warn that the outbreak underscores deeper systemic challenges in Nigeria’s healthcare system, particularly in infection control preparedness and rapid response capacity.

MSF Ramps Up Emergency Response as Lassa Fever Outbreak Deepens in Benue

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Troops arrest 20 suspects, recover cash, electronics in Adamawa raid

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Troops arrest 20 suspects, recover cash, electronics in Adamawa raid

By: Zagazola Makama

Troops of 232 Battalion (Tactical) have arrested 20 suspects and recovered cash and electronics during a raid on suspected criminal hideouts in Mubi North Local Government Area of Adamawa State.

Security sources said the operation was conducted at about 5:00 a.m. on April 10 in Agwan Rami and Agwan Mallam areas, following credible intelligence.

The sources disclosed that troops, in collaboration with local hunters, stormed the identified hideouts and apprehended the suspects.

“During the operation, 20 suspects were arrested in criminal hideouts, while others were picked up for loitering during curfew hours,” the source said.

Items recovered include seven mobile phones, eight touch lights, one ThinkPad laptop and the sum of ₦2,137,285, among other items.

The suspects are currently in custody for further investigation and necessary action.

The operation is part of ongoing efforts to curb criminal activities and enforce law and order in Adamawa State.

Troops arrest 20 suspects, recover cash, electronics in Adamawa raid

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