To align with the objectives of the Tinubu administration’s Renewed Hope Agenda, the National Council on Privatisation (NCP) has taken a decisive step to expedite the restructuring and revitalisation of the Bank of Agriculture (BOA).
Under the leadership of Vice President Senator Kashim Shettima, the reconstituted NCP held its inaugural meeting at the Presidential Villa in Abuja on Tuesday.
Speaking at the event, Senator Shettima underscored the significance of the tasks ahead, explicitly emphasising the imperative role of the BOA in fulfilling the administration’s agenda.
During the meeting, the Vice President highlighted the setup of an ad hoc committee responsible for the critical decisions regarding the restructuring of BOA.
Finance Minister Mr Wale Edun was appointed as the committee’s Chairperson, with members including key figures such as the Minister of Agriculture and Food Security, Minister of Budget and Economic Planning, CBN Governor, and others.
Senator Shettima urged the committee to develop a strategic roadmap for the rejuvenation of BOA, stressing its vital role in realising the administration’s agenda.
He urged the members to approach their tasks with seriousness, emphasising the need for frequent meetings to support the President in executing the Renewed Hope Agenda.
Additionally, the Council approved finalising the concession of the 700MW Zungeru Hydroelectric Power Plant. It directed the establishment of a dedicated account at the Debt Management Office for concession fee payments by the concessionaire.
Further decisions encompassed the ratification of standing committees for the Council and approval of the 2024 work plan of the Bureau of Public Enterprises (BPE), focusing on privatisation activities and international forums to attract global interest in Nigeria’s privatisation program.
Key officials, including the Finance Minister, Minister of Agriculture, CBN Governor, and other prominent members, participated in the meeting.
