“BoA Managing Director, Mr. Ayo Sotinrin, said the fund will be channeled towards financing key agricultural value chains.”
The Bank of Agriculture (BoA) wants to raise N1.5 trillion (approximately $1 billion) in a major recapitalisation drive aimed at improving liquidity and expanding its lending capacity to the nation’s agricultural sector.
In a statement, BoA Managing Director, Mr. Ayo Sotinrin, said the fund will be channeled towards financing key agricultural value chains, addressing infrastructure deficits, and scaling innovations in areas such as seed systems, storage, and logistics
“Our goal is to support Nigeria’s 40 to 70 million farmers and reposition agriculture as a viable business, not just a way of life,” he said.
