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    MarketForces Africa » MarketForces News » Food Security: FG Moves to Recapitalise Bank of Agriculture

    Food Security: FG Moves to Recapitalise Bank of Agriculture

    Julius AlagbeBy Julius AlagbeFebruary 13, 2025Updated:February 13, 2025 News No Comments2 Mins Read
    Food Security: FG Moves to Recapitalise Bank of Agriculture
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    Food Security: FG Moves to Recapitalise Bank of Agriculture

    The Federal Government, FG, has announced plans to recapitalise the Bank of Agriculture (BOA) to enhance food security and make food more accessible and affordable to Nigerians.

    Sen. Aliyu Abdullahi, the Minister of State for Agriculture and Food Security, made this statement when the Emir of Borgu Kingdom, Niger, Dr Muhammad Dantoro, visited him on Wednesday in Abuja.

    Abdullahi emphasised that the government was reforming the Bank of Agriculture to better serve Nigerians.

    “We are reforming the Bank of Agriculture to serve Nigerians. We are recapitalising the Bank of Agriculture to make food accessible and affordable to Nigerians.

    “We must keep producing and keep producing food for Nigerians,” he said. The minister expressed his gratitude to the Emir for the visit and for his prayers, wishing him success in his role.

    Abdullahi further assured that efforts were underway to intensify the development of various cluster farms in Borgu Kingdom. He promised to continue representing the people of Borgu with truth and honesty in his duties.

    Earlier, the Emir expressed his support, stating that the visit was to show solidarity and offer prayers for the minister’s success.

    “We are here to show our support to the minister physically so that all of you working with him will know that he has our prayers,” he said.

    Dantoro also expressed appreciation to President Bola Tinubu for appointing one of Borgu’s sons as Minister of Agriculture at a crucial time, adding, “Agriculture has become very necessary in Nigeria.” #Food Security: FG Moves to Recapitalise Bank of Agriculture OPEC Downgrades 2025 Forecast for U.S. Oil

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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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