The Federal Government has reaffirmed its commitment to restructuring and recapitalizing the Bank of Agriculture (BoA) as part of efforts to strengthen the economy and enhance food security.
Presiding over a progress report meeting on Friday, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, highlighted the BoA’s crucial role in boosting agricultural production and stabilising prices. While monetary measures are being implemented, he stressed the need for fiscal and real-sector strategies to increase output, support economic growth, and dampen inflation.
The National Council on Privatization (NCP) has tasked its technical committee with developing a comprehensive roadmap for repositioning the bank. HM Edun expressed confidence that with the right strategy and leadership, the BoA could drive agricultural expansion and contribute to long-term economic stability.