New helmsman resumes at BOA for re-capitalization

Central Bank Governor.

The new managing director, Bank of Agriculture (BOA) Dr. Kabiru Mohammed has officially taken over the management leadership of the bank , and this is towards ensuring the N500 billion recapitalization meant to address credit challenges to both small and large scale farmers.

Speaking in his office at Kaduna with Food Farm News  recently, the Head, Corporate Planning Department of the bank, Mr. Auta Jamaka said that the interim management appointed by the FG had just officially taken over as part of the repositioning 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”  

Jamata said that BOA had been able to record some level of achievements following the agricultural policy guidelines 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 we are also processing papers to increase to 23 states for the coming rainy season”

He added that “We have successfully implemented cassava fund of 2.4 billion naira given to Nigerian Cassava Growers Association. We have also implemented 3.6 billion naira private sector’s driven mechanization programme of the FMARD of 72 equipment hiring enterprises established across the country, they are private centers owned by individuals who have bidden and won the centers. Each centre has a set of harvest, post-harvest equipment; power tiller and now about another 32 centers are going through processing to add to the existing 72 centers”