President Muhammadu Buhari on Thursday approved the appointment of an interim Managing director/CEO, as well as Executive Directors for the Bank of Agriculture (BOA).
A statement obtained from the Federal Ministry of Agriculture, said that the appointment, would speed up the plan of the Federal Government in ensuring easier access to agricultural funds by farmers, and drive Nigeria’s food sufficiency in Agriculture.
The statement informed also that the appointment was as a result of the Federal Government’s determination to reposition the Bank of Agriculture (BOA) to be a more efficient and result oriented institution.
The strategic re-positioning of BOA will enhance farmer’s easy accessibility to agricultural funds that will be profitable for large and local farmers hoping to expand their farms, the statement added.
The statement said further that the availability of funds will no doubt increase production which will eventually result in self-sufficiency.
Recall, the Bank of Agriculture has been undergoing recapitalisation, while the Federal Government had in January inaugurated 21-man steering committee for restructuring and recapitalisation of the Bank in line with its diversification policy.
The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, said that the recapitalisation will revitalise the operatives of the ‘Farmers Bank’ in order to deliver more services for farmers, agro-allied industries and cooperatives by giving them affordable loan facilities for better performance and productivity.
The list of the appointment is as follows;
- Kabiru Mohammed – Interim Managing Director / CEO. (North West)
- A. Akenzua – Executive Director, Corporate Finance. (South South)
- Okenwa Gabriel – Partnerships and Strategy. (South East)
- Ameh Owoicho E. – Executive Director, Credit and Empowerment (North Central)
- Bode Abikoye – Executive Director, Credit And Empowerment. (South West)
Source: Business Day