Why Nigeria’s Bank of Agriculture is still in distress

The Minister of Agriculture and Rural Development, Sabo Nanono, said the Bank of Agriculture (BOA) was still in distress because no concrete effort was made to recapitalise it in spite of pronouncements in the past.

Mr Nanono disclosed this while speaking with rhe News Agency of Nigeria(NAN) in Abuja.

He said it was disheartening to note that a bank established to cater for the needs of Nigerian farmers was distressed and nothing serious was done about it.

According to him, the agricultural sector is a major contributor to the country’s Gross Domestic Product (GDP) and as such whatever will help reposition it should not be treated with kids glove.

“The plan was never beyond newspaper publications. I think there was no serious attempt and personally I think that is not the best…

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