Head, Corporate planning Department BOA, Mr. Auta Jamaka |
The New Managing Director, Bank of Agriculture (BOA) Dr.
Kabiru Mohammed has officially took over the management leadership of the bank
last week Thursday, and this is towards ensuring the N500 billion
recapitalization meant to address credit challenges to both small and large
scale farmers for the actualization of the new green revolution policy of
President Mohammudu Buhari.
Speaking in his office at kaduna with Food Farm News last
Friday, the Head, Corporate planning Department BOA, Mr. Auta Jamaka said that
the interim management appointed by the FG has just officially taken over
yesterday as part of the re-positioning of the bank for better performance
adding that “ BOA has been working with Bureau of Public Enterprises (BPE) in
the furthering of the restructuring exercise being funded by the African
Development Bank”
Mr. Auta Jamata said that BOA has been able to record some
level of achievements following the agricultural policy guildlines of the
Federal Ministry of Agriculture and Rural Development (FMARD), especially as
being the only official bank in the ongoing Anchor Borrower Programme that
was launched by the President Mohammadu Buhari
at kebbi State with Funding coming from Central Bank of Nigeria saying that “
we are the major bank in the anchor programme working with fourteen states, and
also processing paper to increase to 23 states is already ongoing for the
coming rainy season”
He said that “We have successfully implemented cassava fund
of 2.4 billion given to Nigerian cassava growers association. We have also
implemented 3.6 billion private sectors driven mechanization programme of the
FMARD of 72 equipment hiring enterprises established across the country, they
are private centres owned by individuals who have bidden and won the centres.
Each centre has a set of harvest; power tiller, post-harvest equipment, and now
about another 32 centres are going through processing to add to the existing 72
centres”
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