The Federal Government has reiterated its commitment to restructuring and recapitalizing the Bank of Agriculture (BoA) as part of a broader strategy to boost economic stability and strengthen food security.
Speaking at a progress report meeting on Friday, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, emphasized the BoA’s pivotal role in enhancing agricultural productivity and stabilizing food prices. While monetary policies are in place, he stressed the importance of fiscal and real-sector strategies to drive output, support sustainable economic growth, and curb inflation.
The National Council on Privatization (NCP), to ensure effective transformation, directed its technical committee to draft a comprehensive roadmap for repositioning the BoA.
Mr. Edun expressed optimism that with the right strategic approach and leadership, the Bank of Agriculture (BoA) could become a key driver of agricultural expansion and long-term economic resilience.
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