• Barau
• BOA

DEPUTY SENATE PRESIDENT BARAU JIBRIN COMMENDS PRESIDENT TINUBU ON RE-CAPITALIZATION OF BANK OF AGRICULTURE

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  Nicolas Adekeye / 3 months
• 0
• 2 min read

Deputy Senate President, Senator Barau Jibrin, has commended President Bola Tinubu for the re-capitalization of the Bank of Agriculture (BOA) with N1.5 trillion. Senator Barau made the commendation in his office on Thursday, after signing a Memorandum of Understanding (MoU) with BOA on a N2.79 billion loan scheme. The loan scheme aims to raise 558 young millionaire farmers across the seven states and 186 local government councils in the North West geo-political zone. Senator Barau described the boosting of the capital base of agriculture with the re-capitalization of the Bank of Industry with N1.5 trillion as “highly commendable.” According to Senator Barau, the initiative is envisioned to complement the Federal Government’s policies on food security and food sufficiency in the country. “It is geared towards revolutionizing agriculture in Nigeria, particularly in the North West geo-political zone,” he said. The Managing Director of Bank of Agriculture (BOA), Alwan Ali Hassan, assured Senator Barau that his initiative on the loan scheme will be well implemented and coordinated successfully. “BOA is very happy with the initiative to revolutionize agriculture in the North West geo-political zone,” he said. Senator Barau’s initiative, under the Barau I Jibrin Foundation (BIJF), aims to leverage on the boosting of the capital base of BOA for revolutionizing agriculture in the country, in tandem with Barau’s Initiative for Agricultural Revolution in Nigeria (BIARN).