FG Seeks N500bn To Revive Bank Of Agriculture

The Bank of Agriculture (BOA) has begun talks with its stakeholders to raise between N500bn and N1tn to revive the bank which was established to provide credit facilities to support all agricultural value chain activities in the country.

The BOA is owned by the Nigeria government through the Federal Ministry of Finance Incorporated (MOFI) and Central Bank of Nigeria (CBN) in the ratio of 60 per cent and 40 per cent respectively.