The Federal Government has inaugurated a new Board of Directors for the Bank of Agriculture (BOA), tasking its members with providing strategic leadership to strengthen the institution and support Nigeria’s agricultural development agenda.
The inauguration was announced in a statement issued on Saturday by Abimbola Otepola-Ishaku, Communications Personnel in the Office of the Managing Director of the Bank of Agriculture.
According to the statement, the newly constituted 10-member board is expected to enhance corporate governance and provide renewed direction for the government-owned financial institution.
The ceremony was conducted by the Minister of Agriculture and Food Security, Senator Abubakar Kyari, at the ministry’s headquarters in Abuja.
Kyari urged the board members to work collaboratively and uphold the highest standards of integrity in advancing the bank’s mandate.
He also charged them to provide leadership that would support initiatives capable of creating jobs, reducing poverty and improving the socio-economic well-being of Nigerians through increased agricultural productivity.
Speaking at the event, the Chairman of the Board, Muhammad Babangida, said the inauguration represented a renewed commitment to repositioning the Bank of Agriculture as a key development finance institution.
“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,” he said.
The Managing Director and Chief Executive Officer of the bank, Ayodeji Sotinrin, pledged the management’s commitment to implementing the board’s vision through improved governance, expanded access to agricultural finance and stronger partnerships.
He said the bank would intensify efforts to make affordable agricultural credit more accessible, strengthen institutional governance and risk management, and accelerate its digital transformation to better serve farmers, agribusinesses and rural communities.
The newly inaugurated board comprises Muhammad Babangida as Chairman; Ayodeji Sotinrin, Managing Director and Chief Executive Officer; Fatima Garba, Executive Director, Corporate Services; Hakeem Salami, Executive Director, Operations and Information Technology; and Ka’amuna Khadi, Executive Director, Risk Management.
The non-executive directors are Rabiu Funtua, Kpochi Iorgyer, Aminu Mohammed, Oladejo Odunuga and Charles Amuchienwa.
The new board is expected to play a central role in advancing the bank’s objectives of promoting food security, expanding financial inclusion and supporting sustainable economic growth through agricultural financing.
