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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.
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NCP Mulls BOA-NIRSAL Merger, Injection Of Fresh Capital

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Governor Zulum loses SA on Community Relations

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Governor Zulum loses SA on Community Relations

By: Bodunrin kayode

Special Adviser to Governor Zulum on community relations Kester Ogualili is dead.

He died today at the University of Maiduguri Teaching Hospital (UMTH).

Before his reappointment as SA to the Governor, he had worked at the Zenith Bank plc where he spent most of his professional years before coming into active partisan politics.

SA to the Governor on publicity Chief Lanre Obadiah described the late SA as an amiable, considerate, jovial and easy going gentleman.

“He is also one of our longest serving special advisers, a position he had held since 2011

“May God grant his gentle departed soul eternal rest in the bosom of our Lord.” said Chief Lanre Obadiah.

Governor Zulum loses SA on Community Relations

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Family Members Protest Death of Relative at Abuja Hospital

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Family Members Protest Death of Relative at Abuja Hospital
…Demands Its Shutdown

By: Michael Mike

The family of an asthmatic patient, Chiagoziem Dike, who died shortly after he was rejected by Federal Staff Hospital Gwarimpa, Abuja has called for the shutdown of the hospital.

Dike was said to have been rushed to the said hospital after experiencing asthmatic attack but was rejected without being given any attention.

Dike, 37 years old breathed his last on the way to another hospital, Federal Medical Centre, Jabi where he was subsequently pronounced dead

The family who stormed Federal Staff Hospital to protest the death of their late member, blamed his death on the failure of the staff on duty to attend to him when he was rushed to the hospital for medical attention.

According to the family members Dike would still have been alive if the hospital had attended to him.

The family members wondered how the hospital’s medical staff who were on duty at the time could not at least check him before sending him away.

According to the protesting family members, the hospital is alleged to be notorious for rejecting emergency cases and thereby causing untimely death of innocent patients.

Speaking to journalists, a lady who identified herself as late Dike’s friend said he was rushed to the hospital when he had an asthmatic attack in the early hours of April 25, 2024 only for the medical staff on duty refusing to open the gate.

She alleged that they also stopped the gate men who had shown concern from opening gate.

She told journalists that they had to rush the patient from the hospital after they were denied entry for two hours.

“It was unfortunate that we lost him while trying to rush him to another hospital, Dike could not make it to the next hospital,” he said while further stating that: “I was his friend, I was with him when he had the attack. He was asthmatic. He had this attack last week on the 25 of April at about 4:30 am we drove him to this hospital, two doctors came and refused to open the gate for us.

“The security guard wanted to help us but the doctors shouted and refused to open the gate for us we were there till 6am .

The late Dike’s sister, Onyiyechi who was apparently furious, said “the hospital is a death trap, we have a lot of testimony about this hospital and there negligence we’ve heard a lot about it, people even blamed us after Dike’s death that why did we kill him by bringing him here.”

She called on the hospital’s Chief Medical Director to get to the root of the matter, saying “It is your responsibility to know what happened in your hospital.”

Shouting at the hospital staff, she said: “My brother is 37 years old. Did you know how long he has been struggling? He is my parents only son. We can’t sleep. This incident could’ve been avoided but no, you guys choose to take his life.”

Another family member, Sarah Ameachi, who was among the protesters, narrated her own bitter expereince .

Ameachi said, she was left in her pool of blood in the labour room without any attention.

She said, “They left me in the labour room I was bleeding nobody cared for me there were supposed to be three nurses attending to me unfortunately one left me to bleed after I gave birth I told them that I am going to report them but they retorted that I should thank God I am even alive.

“So after that incident I went back with my son, today it’s my brother turn who they did not touch they did not even look at him. They referred him to Jabi, but at least they could’ve done something or checked what was wrong with him even if you don’t have the equipment.”

The protesting family asked that the hospital be shutdown within the next 72 hours.

Mr. Innocent Echi, an in-law to the late Dike who issued the 72 hours ultimatum said, “what really happened was that on the 25 April my in-law Chiagoziem Dike had an asthmatic attack as at 4 am and he was rushed down to the hospital. He stayed opposite star view meaning that from there to the hospital is one or two minutes drive so the family and friends thought it would be nice to take him to the nearest hospital which is the Federal Staff Hospital, when they brought him they refused to open the gate after so much pressure they opened it and they took him in.

The doctors just looked at him and said they can’t handle the case and ask them to take him to Federal Medical Center, Jabi on reaching there, they told us that he was dead.

“Our anger is that Federal Staff Hospital could’ve given him first aid. He won’t have given up

“We had them on record when they where talking carelessly, I cannot but question whether they graduated from medical college and who issues them license.

” We are demanding justices for Nigeria so far not just him, we are asking the Minister of Health and Minister of FCT and Hospital management board to look into it.

“We intend to write petition to the necessary authorities. This matter need to be investigated and look into, we need justice,” Echi said

He added “We brought him because he couldn’t breathe properly but the hospital failed to attend to him and let our brother die. They referred us to a far hospital and let him die like that”

The Chief Medical Director, Federal Staff Hospital, Gwarimpa, Dr. Adewumi however said he was never aware of all the cases mentioned by the protesters, describing the death of Dike as an unfortunate incident.

He however pleaded with the aggrieved protesters, promising to look into the matter.

He said, ” I am not aware of all these. I understand, I know what you are feeling .

“I am going to find out and get the nurses and doctors involved and get justice for you.

” We are going to investigate please calm down I am sorry for all that has happened I am going to look into it and all that happened that day.”

Family Members Protest Death of Relative at Abuja Hospital

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Gov. Buni Assures Security Agencies of More Support

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Gov. Buni Assures Security Agencies of More Support

By: Our Reporter

Yobe State Governor, Hon. Mai Mala Buni CON has assured more support to security operatives in the state to enhance their performance for a secured Yobe state.

He gave the assurance in his office today in Damaturu when presented with an award won by the “Operation Haba Maza” security outfit as the best Police patrol outfit in Nigeria, by the Nigeria Police Force.

Governor Buni established Operation Haba Maza in 2019 as an emergency support to the conventional security agencies in the state.

He said the head of the outfit CSP Muhammad S. Shehu, was carefully selected to ensure delivery. “I am never disappointed, Shehu has done us proud by living up to our expectations and winning this award.”

Governor Buni commended security agencies in the state for the synergy and teamwork, which has grossly reduced the rate of crime across the state.

The commissioner, Yobe State Police Command, Garba Ahmed, commended the governor for establishing the Haba Maza outfit.

“The outfit has remain a strong pillar of fighting crime in Damaturu the state capital and its environs.

“Your Excellency, we would appreciate extension of the outfit to other major towns in the state to help us curb crime,” he appealed.

The commissioner requested additional vehicles to boost logistics for effective patrol across the state.

Gov. Buni Assures Security Agencies of More Support

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