Federal Government has inaugurated a new Board of Directors for the Bank of Agriculture (BoA), charging members to work harmoniously and with utmost commitment to advance the bank’s mandate of supporting agricultural development and economic growth.
The inauguration was announced in a statement issued on Saturday by the Communications Personnel in the Office of the Managing Director of the bank, Abimbola Otepola-Ishaku.
According to the statement, the constitution of the 10-member board is aimed at strengthening corporate governance and providing renewed strategic leadership for the Federal Government-owned development finance institution.
The board was inaugurated by the Minister of Agriculture and Food Security, Senator Abubakar Kyari, at the ministry’s headquarters in Abuja.The statement said the new board is expected to reinforce the bank’s role in promoting agricultural development, food security, financial inclusion and sustainable economic growth.
Speaking during the inauguration, Kyari urged the board members to provide leadership that would support projects capable of creating jobs, reducing poverty and improving the socio-economic well-being of Nigerians.
“Provide leadership that would support projects capable of creating jobs, reducing poverty and improving the socio-economic well-being of Nigerian families,” the minister charged the board.
Responding on behalf of the board, Chairman Muhammad Babangida pledged to work closely with the bank’s management to reposition the institution as a leading development finance bank in support of the Federal Government’s food security, job creation and inclusive growth agenda.
“The inauguration represents more than the constitution of a new board. It marks a renewed commitment to strengthening the Bank and positioning it to deliver greater impact in support of Nigeria’s agricultural transformation,” Babangida said.
The Managing Director and Chief Executive Officer of the bank, Ayodeji Sotinrin, said the management remained committed to translating the board’s vision into measurable outcomes through stronger governance, improved access to agricultural finance and strategic partnerships that would benefit farmers, agribusinesses and rural communities.
He added that the bank would intensify efforts to expand access to affordable agricultural credit, strengthen institutional governance and risk management, while accelerating its digital transformation to enhance its impact as Nigeria’s leading agricultural development finance institution.
The newly inaugurated board comprises Muhammad Babangida as Chairman; Ayodeji Sotinrin, Managing Director/Chief Executive Officer; Fatima Garba, Executive Director, Corporate Services; Hakeem Salami, Executive Director, Operations and IT; and Ka’amuna Khadi, Executive Director, Risk Management.
Other members are Rabiu Funtua, Kpochi Iorgyer, Aminu Mohammed, Oladejo Odunuga and Charles Amuchienwa, who will serve as Non-Executive Directors.
