Bank Of Agriculture Disburses N1.4 billion In Kogi State

The Managing Director and Chief Executive of Bank of Agriculture, Mallam Kabir Muhammed Adamu informed newsmen that over N1.4 billion had been disbursed in Kogi State since the inception of the bank in the state.

Speaking in Okene, Kogi State on Friday during the inauguration of the bank’s branch, he mentioned that out of the amount,  only about N375 million  had been repaid back leaving a balance of over N1 billion.

The Managing Director who was represented by the Executive Director of Retail banking of the bank,  Mr. Emmanuel Ameh said before the closure of the former Okene branch,  the sum of over N91 million was disbursed to members of the community and the repayment has not been too encouraging.

He pointed out that with the new beginning,  the branch would have 100 per cent repayment in all subsequent disbursements.

The managing director seized the opportunity requesting all those who collected loans from the bank and still owe to go and pay up.

He mentioned that without paying back their earlier loan,  they cannot have any relationship with the bank again stressing that the bank charges between 9 percent and 20 percent on it loans.

According to him,  the bank which is owned by the Federal government had been in agricultural financing for over four and a half decades stressing that the bank currently operates on 136 business locations nation-wide.

He stressed that it was common knowledge that waste disposal rather than waste management was prevalent in Nigeria and this involves co-disposal of general and hazardous wastes on land, water bodies, roads and uncontrolled and open burning.

Ahmed lamented that the practices portend serious ‎danger to the environment, health and also retard economic development.

The permanent secretary stressed that  the policy ‎should be able to promote among others; waste reduction at source, recylce and reuse as the best option for solid waste management in Nigeria to promote resource conservation and environmental protection.

He added that the policy should also promote private sector participation and i‎nvestment including Foreign Direct Investment (FDI) in waste management as government alone cannot continue to handle the issue of solid waste management and active participation of all including the citizenry, corporate bodies among others.

Ahmed therefore stressed the government’s readiness to work with relevant stakeholders ‎to develop actionable work plans to drive implementation of the policy.

 

BOA Disburses N2.4bn Loan to Farmers

Bank of Agriculture (BOA) Managing Director, Dr Kabiru Adamu, has revealed during a visit to Niger State Governor, Abubakar Bello that the BOA had disbursed N2.4 billion loan to farmers participating in the Central Bank of Nigeria’s (CBN) Anchor Borrowers’ Programme (ABP) in Niger.

Adamu noted that this was part of the federal government’s determination to to revive the nation’s agriculture sector and other Small and Medium Enterprises (SMEs) that would benefit from the loans. He siad “The BOA has disbursed a total of N2.4 billion loan in Niger through its operations in Minna, Kontagora and New-Bussa.

“We are honoured to notify you of the bank’s interest to strengthen the relationship existing between our two organisations.

“Beyond the ABP, we want to collaborate with your government to cover more grounds of mutual benefit.

“We want to lend our support by partnering with your government in ways that will help modernise agricultural practices…

“If you can make available your areas of intervention within few weeks, we will partner with you in developing our agricultural sector,’’ he said.