President Bola Ahmed Tinubu has approved a ₦1.5 trillion recapitalisation of the Bank of Agriculture (BOA) to boost agribusiness, enhance food security, and generate jobs.Agriculture Minister Senator Abubakar Kyari said the funding will provide afford… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader Tinubu injects ₦1.5trn into BOA to empower agribusiness, SMEs By Busola Bamidele on August 11, 2025 President Bola Ahmed Tinubu has approved a ₦1.5 trillion recapitalisation of the Bank of Agriculture (BOA) to boost agribusiness, enhance food security, and generate jobs. Agriculture Minister Senator Abubakar Kyari said the funding will provide affordable loans to farmers, especially youth- and women-led SMEs, while driving mechanisation, digital innovation, and value-chain growth. Read also: Connections that count growing a network with real value Tinubu injects ₦1.5trn into BOA to empower agribusiness, SMEs World Trade Organisation to launch women exporter grant Bago unveils plan to plant 10m shea trees in Niger Pebec holds stakeholders' meeting to boost business climate in Zamfara "This will help farmers, cooperatives, and agro-allied SMEs access credit and training, improve productivity, and increase rural incomes," Kyari noted. The initiative complements ₦200 billion in other agricultural projects, including fertiliser distribution, storage facilities, and climate-smart farming. Stakeholders say the move positions Nigeria as a leader in regional food production and trade.

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