The National Council on Privatization (NCP) has established an ad hoc committee to expedite the restructuring and revitalization of the Bank of Agriculture (BOA).
This initiative aims to enhance service delivery in alignment with the Renewed Hope Agenda of the administration led by President Bola Tinubu. Vice President Kashim Shettima, who chaired the reconstituted NCP’s inaugural meeting, emphasized the importance of decisions regarding the restructuring of the Bank of Agriculture for realizing the administration’s agenda.
The Finance Minister, Mr. Wale Edun, will chair the ad hoc committee, with members including the Minister of Agriculture and Food Security, Senator Abubakar Kyari, Minister of Budget and Economic Planning, Senator Atiku Bagudu, CBN Governor, Dr. Yemi Cardoso, and others.
The committee is tasked with developing a roadmap for the revitalization of the BOA. The Council also approved the completion of the concession of the 700MW Zungeru Hydroelectric Power Plant and ratified standing committees for the Council, covering Technical, Stakeholder Engagement, Finance, and Legal committees.
The meeting also approved the 2024 workplan of the Bureau of Public Enterprises (BPE) and discussed strategies to attract international interest in the country’s privatization program. The Vice President urged members to take their tasks seriously to support the execution of the Renewed Hope Agenda.
