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Federal Government Announces Merger Plan For CBN’s NIRSAL And Bank Of Agriculture
Federal Government Announces Merger Plan For CBN’s NIRSAL And Bank Of Agriculture....KINDLY READ THE FULL STORY HERE▶
The National Council on Privatisation (NCP) has unveiled plans to merge NIRSAL Microfinance Ltd of the Central Bank of Nigeria with the Bank of Agriculture, as part of efforts to revitalize both institutions. This decision was reached during a Council meeting held at the Presidential Villa in Abuja, where recommendations from the NCP’s Committee on BOA were presented.
Vice President Kashim Shettima, presiding over the session, emphasized President Bola Tinubu’s commitment to restructuring the Bank of Agriculture to support the government’s food security objectives. Shettima stressed the importance of appointing sound professionals with integrity to manage the bank effectively, highlighting agriculture’s pivotal role in transforming the economy.
Minister of Finance, Wale Edun, echoed the necessity of addressing the challenges faced by the Bank of Agriculture. He outlined key recommendations, including the immediate reconstitution of the Bank’s Board of Directors to enhance corporate governance. Additionally, Edun proposed transferring National Agricultural Land Development Authority (NALDA) land titles to BOA to strengthen its Balance Sheet and improve capital adequacy for fundraising from institutional investors.
These measures signify the government’s commitment to bolstering agricultural financing and promoting economic growth through strategic reforms in the banking sector.
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ADC Speaks On Not Fielding Candidates For 2027 Elections.
The African Democratic Congress (ADC) has rejected reports suggesting it may not present candidates in the 2027 general elections in Nigeria.....KINDLY READ THE FULL STORY HERE▶
In a statement issued on Saturday by the party’s National Publicity Secretary, Bolaji Abdullahi, the ADC described the claims as false, misleading, and intended to cause unnecessary confusion.
The party reaffirmed its commitment to its mission of unseating the All Progressives Congress (APC) through the ballot, stressing that it remains focused on delivering change.
Abdullahi assured that the ADC would field strong and qualified candidates in 2027, adding that the party is not distracted by rumours or political propaganda.
According to the statement, the ADC emphasized that it remains committed to rescuing Nigeria from what it described as the failures of the APC-led government and preventing the emergence of a one-party system.
The party also dismissed suggestions that it faces any legal barrier to participating in the elections, insisting it is fully compliant with the Constitution and the Electoral Act.
It further stated that preparations are already underway nationwide to mobilize Nigerians frustrated with insecurity, economic hardship, and lack of opportunities.
Reaffirming its position, the ADC described itself as a leading opposition force and urged supporters to ignore speculation about its electoral plans, stressing that its focus remains on building a winning structure for 2027
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Anyone Dumping ADC After Losing Ticket Is Compromised – Kenneth Okonkwo Warns.
A chieftain of the African Democratic Congress (ADC), Kenneth Okonkwo, has said that any aspirant who leaves the party after failing to secure its presidential ticket is indirectly working for President Bola Tinubu.....KINDLY READ THE FULL STORY HERE▶
entertainment
Portable Shifts From Ring To Family Joy As He Welcomes Son With Wife Bewaji After Boxing Defeat.
Nigerian singer Portable has announced the birth of a baby boy with his partner, Omobewaji Ewatomi, popularly known as Bewaji.....KINDLY READ THE FULL STORY HERE▶
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