Nigerian Govt announces plan to merge CBN’s NIRSAL, Bank of Agriculture

The National Council on Privatisation, NCP, has announced that it is aiming to merge the Central Bank of Nigeria’s NIRSAL Microfinance Ltd with the Bank of Agriculture.
The Council disclosed this in a statement noting that it also plans to inject new capital into the institutions to rejuvenate them following the merger.
These decisions were among the recommendations of NCP’s Committeebon BOA, which were revealed during a Council meeting at the Presidential Villa in Abuja.
Vice President Kashim Shettima, who chaired the meeting, emphasized President Bola Tinubu’s dedication to restructuring and improving the Bank of Agriculture to advance the administration’s food security agenda