Buhari appointed MD arrived BOA for N500 capitalization

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”