Federal Government Targets Wealth Creation with N1.5 Trillion BOA Recapitalization

 The Federal Government has unveiled plans to recapitalize the Bank of Agriculture (BOA) with N1.5 trillion, aiming to boost agricultural financing and wealth creation.

The initiative is designed to support farmers, agribusinesses, and rural entrepreneurs with improved access to credit, ultimately enhancing food production and economic growth.

Minister of Agriculture, Dr. Mohammad Abubakar, emphasized that the recapitalization would transform BOA into a more efficient financial institution capable of driving sustainable agricultural development in Nigeria.