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Govt to Restructure Bank of Agriculture

Plans are underway to restructure the Bank of Agriculture for better performance as the Federal Government steps up efforts to make agriculture the mainstay of the economy. The Minister of Agriculture and Rural Development, Mr. Audu Ogbeh, said the restructuring would enable more funds to...

FG Plans N1tn Capitalisation for Bank of Agriculture

Nigeria plans to capitalize its state-owned Bank of Agriculture with N1 trillion ($3.2 billion) and will allow the lender to take deposits as Africa’s most-populous nation seeks to boost farming output and reduce food imports. “We are looking at 25 million farmers” as stakeholders or...

FG vows to Recover N12bn BoA Loans from Farmers

As part of measures by the Federal Government towards reviving and re-capitalising the almost moribund (BoA) the Minister of Agriculture and Rural development, Chief Audu Ogbeh has said that steps are being taken to recover over N12 billion from farmers who are indebted to...

Osinbajo Urges Public Officers to Return to Farm

Vice President Yemi Osinbajo has urged public officers to return to the farm for the nation to be liberated from the periodic cycle of boom inter-laced with busts and meltdowns. He made the call in Abuja at the public presentation of President Muhammadu Buhari’s administration’s...

FG to Engage 100,000 youths as extension workers

youths in Nigeria have reasons to smile as Vice President Yemi Osinbajo announced a plan by the Federal Government to employ 100,000 youths as extension workers, in a bid to provide support services to farmers. Osinbajo, who disclosed this in his address during the official...

Nigeria Imports Over N7trn Food Items Annually –Ogbeh

Minister of Agriculture and Rural Development, Chief Audu Ogbeh yesterday reeled out worrisome statistics, which showed that the country spends over $22 billion (N7trillion) annually on importation of various food items like wheat, rice, fish, and poultry products among others. But the Federal Government said...