FG inaugurates BOA Interim Management Board
The Nigerian Government has inaugurated an Interim Management Board for the Bank of Agriculture (BOA), as part of efforts to restructure the bank. Speaking on Monday in Abuja, Chief Audu Ogbeh, Minister of Agriculture and Rural Development, who inaugurated the board, directed it to begin the recovery of loans owed by farmers and other customers within 90 days. Chief Audu Ogbeh Minister of Agriculture and Rural Development Ogbeh charged the board to find ways of making the bank proactive, strong and capable of sustaining the needs of farmers who require credit facilities to enable them to contribute to food security in the country. The minister urged the board to work toward reducing the interest rate on loans to a one-digit level so as to encourage more farmers to patronise the bank. He expressed optimism that the bank would be one of the largest banks in the country, with branches in all the local government areas of the country to facilitate its interaction wit