Categories: Agriculture

Agriculture Now Providing Substantial Part Of Nigeria’s GDP – BoA MD

Reforms and innovations in the agricultural sector  has led to it providing substantial part of the nation’s gross domestic product (GDP) and become indispensable in the nation’s quest for development.

Managing director of the BoA, Alh Kabiru Mohammed stated this when the Group Managing Director of LEADERSHIP Newspapers, Mallam Abdul Gombe paid him a courtesy call at the Bank’s corporate headquarters in Abuja last weekend.

He, however, stated that the attitude of beneficiaries of loans provided them  by the  Bank of Agriculture (BoA), especially as it relates to repayment is impeding rapid growth in the sector and thus forcing the bank to  consider  publishing names of defaulters.

Alh. Mohammed who lamented that farmers and beneficiaries of agric loans had not made it obligatory to repay loans given to them, said the effect usually  bounced back on the revolving scheme set out by the bank and hence the larger targeted beneficiaries who are supposed to further benefit from the loans.

“For forty years , the BoA has been financing agric and non agric tools. But there is need for a change in mindset especially among the beneficiaries of our loans as some beneficiaries see loans as compensations and sometimes even as gratification . But they just must see it as pure business as that is what agriculture is whether in production, marketing , distribution or otherwise”, Mohammed said.

He revealed that towards the success of this cause the BOA was also reviewing it’s laws in a bid to enhance  compliance, efficiency and service delivery.

The BoA managing director commended the management of LEADERSHIP , saying he had noted the passion with which the Newspaper covers the agric sector , adding that all hands must be on deck to develop the nation.

Earlier, GMD of LEADERSHIP Newspapers , Abdul Gombe had commended the BoA management for its foresight and distinct innovations which over the years had made the ordinary Nigerian, especially farmers, feel the impact of government and thus contributing to the growth of the nation’s economy .

He charged the BoA management to continue empowering Nigerians as aside education,  agriculture remained a most potent tool in poverty  alleviation.

Source: Gist Master

Recent Posts

Yuletide: Aregbesola Urges Nigerians To Keep Faith In Democracy

Says Omoluabi Progressives Committed To Upholding True Democratic Tenets The Patron of the Omoluabi Progressives,…

9 hours ago

Osun 2026 and Ajibola Basiru’s Exaggerated Political Worth

By Sarafa Ibrahim In the build up to the 2022 governorship election, Senator Suraju Ajibola…

9 hours ago

Adeleke Commissions Osun Country Club, Promises Support

•Our Aim Is To Have A Place Where Osun Sons And Daughters Can Relax, Share…

13 hours ago

The Role of Social Media Influencers in Shaping Nigerian Lifestyles

In the vibrant digital era, social media influencers have emerged as pivotal figures in shaping…

14 hours ago

50 Happy Christmas Messages To Send To Your Loved Ones

The Christmas season is one of the most cherished times of the year, a period…

14 hours ago

Abducted Osun Students Leader Regains Freedom

The dark cloud of fear that had enveloped the student community in Osun State over…

14 hours ago

This website uses cookies.