FG Tasks New Bank Of Agriculture Board On Lending, Loan Recovery

The federal government on Friday set performance targets for the newly inaugurated board of the Bank of Agriculture (BOA), directing the institution to expand credit to genuine farmers and agribusinesses while enforcing strict loan recovery.
Minister of Agriculture and Food Security, Abubakar Kyari said that the Federal Government is strengthening agricultural financing to drive food security agenda.
Speaking at the inauguration of the Bank’s Board of Directors in Abuja, the minister maintained that the recapitalisation of the Bank, approved by President Bola Tinubu, must translate into measurable lending to smallholder farmers, women and youths rather than increased administrative co...