Nigerian vice president,Kashim Shettima, says that the National Council on Privatisation, NCP, has received “key recommendations” on the proposed merger between the Bank of Agriculture, BoA, and the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending, NISRAL.
TheCornet reports that NISRAL is wholly-owned by the Central Bank of Nigeria, and it’s duty is to redefine, measure,vre-pricw and share agribusiness-related credit risks in Nigeria.
In a statement posted to his official X account, Shettima, who is constitutionally the chairman of the NCP, reportedly reiterated to the committee President Bola Tinubu’s “commitment to repositioning and reforming BOA to drive the administration’s food security agenda.”
Among the recommendations made by the committee is “a fresh capital injection to revitalize the bank.”
Shettima also said that he urged the committee members to “get very sound professionals with integrity to manage the bank (BoA).
“If we use it well, it’s going to be a tool for the transformation of our economy because agriculture is the key,” the Vice President said.
Present at the meeting are some key officials of the administration, including the ministers of finance, and budget planning Wale Edun and Atiku Bagudu respectively.
