The Federal Government has announced strategic plans to restructure and recapitalize the Bank of Agriculture (BoA) to boost food production, enhance economic stability, and curb inflation.

Speaking at a progress review meeting in Abuja, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, reaffirmed the government’s commitment to revitalizing the BoA as a key driver of Nigeria’s agricultural sector.
Director information and public relations Muhammed Manga in a statement quoted Edun to have emphasized that beyond monetary policies, Nigeria must implement fiscal and real-sector strategies to increase output, stabilize prices, and support economic growth.

The minister disclosed that the National Council on Privatization (NCP) has tasked a technical committee with developing a comprehensive roadmap for repositioning the BoA.
The goal is to transform the institution into a more efficient and well-capitalized entity capable of providing farmers with better access to credit, modern equipment, and infrastructure.

“With the right strategy and leadership, the BoA can drive agricultural expansion and contribute to long-term economic stability,” the minister stated.

The government’s renewed focus on agriculture comes amid efforts to tackle food insecurity and inflation, both of which have significantly impacted Nigerians.

Experts believe that a revitalized BoA will play a crucial role in unlocking Nigeria’s agricultural potential and strengthening its position as a leading food producer in Africa.

As the restructuring plan takes shape, stakeholders remain hopeful that this intervention will provide farmers with much-needed support, drive rural development, and create jobs in the agricultural value chain.

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In a major step toward strengthening investor confidence, Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, hosted a high-level delegation from JP Morgan in Abuja.

The delegation, led by Dapo Olagunju, Head of West Africa, included major international investors with significant stakes in Nigeria’s Eurobonds and local securities.
Their visit, facilitated by JP Morgan, was part of a broader effort to assess Nigeria’s investment climate and explore new opportunities.
Director of Information and Public Relations, Mohammed Manga in a statement quoted
Minister Edun to have outlined the government’s recent economic achievements, including a successful Eurobond issuance completed without a roadshow, highlighting the strength of global investor engagement with Nigeria.
He reaffirmed President Bola Tinubu’s commitment to economic reforms, aimed at making Nigeria a more attractive destination for foreign direct investment (FDI).
The Minister shared updates on new agreements with the International Finance Corporation (IFC) to expand electricity access to 400,000 Nigerians, a move that aligns with the government’s broader infrastructure development agenda.
Addressing concerns about inflation, he assured investors that the Central Bank of Nigeria (CBN) is implementing orthodox monetary policies, while the government is boosting agricultural production to stabilize food prices.
The engagement with JP Morgan’s delegation underscores Nigeria’s growing appeal as a leading investment hub in Africa. With pro-business policies, economic stability efforts, and strategic global partnerships, the country continues to position itself as a prime destination for global investors.

The federal government has taken a major step toward transforming Nigeria’s trade sector with the launch of the National Single Window (NSW), a digital platform designed to streamline import, export, and transit processes.

At the NSW Industry and Stakeholder Forum in Lagos, the Honourable Minister of State for Finance, Dr. Doris Uzoka-Anite declared the initiative a “game-changer,” promising reduced costs, faster transactions, and enhanced transparency in trade.

“This platform will position Nigeria as a beacon of trade efficiency, unlocking economic opportunities and boosting our global competitiveness,” she stated.
The Director of Information and Public Relations in the Ministry Muhammed Manga in a statement explained that the NSW is a one-stop digital hub that allows traders to submit documents, obtain approvals, and make payments seamlessly, eliminating bureaucratic bottlenecks.
The government expects this innovation to drive revenue growth, attract foreign investment, and combat corruption in the trade sector.

With the introduction of the NSW, Nigeria follows in the footsteps of Singapore, South Korea, and Rwanda, nations that have successfully adopted similar systems to enhance trade efficiency.
The initiative aligns with President Bola Ahmed Tinubu’s broader economic reforms aimed at improving the business environment.

Government agencies, businesses, and industry players are being urged to collaborate to ensure the platform’s success.
Experts believe that if fully implemented, the NSW could turn Nigeria into a regional trade hub, reducing delays at ports and positioning the country as a key player in global commerce.

With high expectations surrounding this digital transformation, the question remains: Will the National Single Window truly deliver the trade revolution Nigeria needs? The coming months will reveal its impact.