Bank Of Agriculture To Recover $20 Billion In Outstanding Loans, Begins Digital Restructuring And Sector Financing Expansion

BoA eyes N1.5tr recapitalisation to boost lending

The Bank of Agriculture (BoA) said it plans 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. Speaking at a youth-focused agriculture event, BoA Managing Director, Mr. Ayo Sotinrin, said the fund will be channeled towards financing key agricultural value chains, addressing infrastructure deficits, and scaling inn…

Bank Of Agriculture To Recover $20 Billion In Outstanding Loans, Begins Digital Restructuring And Sector Financing Expansion

The Federal Government, through the Bank of Agriculture (BoA), has announced a strategic plan to recover over $20 billion in non-performing loans as part of a broader recapitalisation and operational overhaul aimed at revitalising Nigeria’s agricultural financing landscape. This development was disclosed by Ayo Sotinrin, the newly appointed Managing Director and Chief Executive Officer of […] The post Bank of Agriculture to Recover $20 Billion i…