Federal Government to restructure and recapitalize Bank of Agriculture

The Federal Government has set up a 21-man steering committee to restructure and recapitalize the Bank of Agriculture. The committee would commence the restructuring with 500 billion naira and work within the next three weeks to one month, to actualize its goal.

Inaugurating the committee in Abuja, Vice President Yemi Osinbajo, urged the committee to work within a record time to actualise the goal. He said the restructuring was aimed at revitalizing the operations of the Bank to make it more responsive to its mandate.

Osinbajo, represented by the Minister of Agriculture and Rural Development, Chief Audu Ogbeh, said the restructuring, would strengthen the bank as a platform for providing loans to Small and Medium Enterprise farmers and cooperatives among others.