Nigeria has saved over $600m dollars (₦216bn) from the importation of rice from Thailand and other countries since the nation’s domestic mass production flooded the markets under the Anchor Borrowers’ Programme. The figure represents a fraction of a staggering $22bn (₦7.92tr) spent on importation of foods into the country annually prior to the advent of […]
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The Bank of Agriculture (BoA) has lamented that it is being owed ₦37.4 billion out of its current loan portfolio of ₦47.2 billion by Micro, Small, Medium Enterprises (MSMEs) and large scale beneficiaries both in agricultural and non-agricultural sector. Its Managing Director/Chief Executive Officer, Kabir Mohammed Adamu stated this when he received on oversight function, […]
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Nigeria and Morocco have set up a steering committee to develop a sustainable crop insurance scheme for the country. According to a statement, the committee comprises representatives of the Nigerian Agricultural Insurance Corporation, Bank of Agriculture, the Moroccan Agricultural Insurance Company, MAMDA and MAMDA RE. During the inauguration of the committee in Abuja, the Managing […]
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The Bank of Agriculture (BoA) says it is targeting about 15 million smallholder rice farmers in the next two years, the bank’s Managing Director, Kabir Adamu, has said. Speaking while playing host to the Director General of National Orientation Agency (NOA), Dr. Garba Abari, during a working visit to BoA headquarters in Abuja, Adamu disclosed […]
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The Federal Government has inaugurated an Interim Management Board for the Bank of Agriculture (BOA), as part of efforts to restructure the bank. The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, who inaugurated the board in Abuja on Monday, directed the board to begin the recovery of loans owed by farmers and other […]
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The Federal Government says it will recapitalise Bank of Agriculture to the tune of N3tn in order to enable farmers in the country have access to funds at affordable interest rate. The Minister of State for Agriculture, Senator Heineken Lokpobiri, said this on Monday at the inaugural harvest of a Tilapia fish farm of Premium […]
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Prof. Danbala Danju, the Managing Director, Bank of Agriculture( BOA) says the African Development Bank (AfDB) has provided a $ 1.2million grant for the repositioning of the bank. Danju told newsmen in Sokoto on Sunday, that the repositioning would enable the bank operate according to global standards. “Repositioning the bank established over 43 years ago […]
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