BOA Partners Rivers State on Agric Development

The Bank of Agriculture

The Bank of Agriculture (BOA) has pledged its commitment in partnering with the Rivers State Government towards the actualization of its mandate in developing the agric sector of the state.
The Managing Director of the Bank, Prof. Dambala Danju who was represented by the Zonal Manager, South-South   Zone, Port Harcourt, Dr. Sunday Audu made the pledge while addressing participants during the celebration of the 2015 World Food Day celebration in Port Harcourt.

Audu also explained that BOA – being the apex bank that finances agriculture in Nigeria as a federal government owned bank – is all over the country.
He said the Bank was passionate in partnering with the Rivers State Government and assured that it would pursue the drive with zeal.

The managing Director also stated that the Bank was already in the process of delivering credit to every sector of agriculture in the state.

Audu said all sectors of agriculture are financed by the Bank, noting that the institution remains the only one that gives out loan on concessional interests.

He noted that agriculture was the only way the country could surmount the dwindling economy as a result of the fall in the prices of oil globally.

The BOA boss said Nigeria is an agrarian country where agriculture should be practiced all around.
According to him, the Bank has delivered a lot of credit facilities towards agriculture in the state, however he promised that the Bank will work with relevant agencies, individuals, limited liability companies, private and international donors who are ready to partner with her in the area of collaboration, partnership and value chain financing.

Audu said this was the only way agriculture can impact positively on the economy of the nation. He further listed some of the Bank’s products to include regular savings, fixed deposit savings, Grow and Earn More (GEM), among others.