Business & Economy
Barau lauds Tinubu on re – capitalization of BOA with N1.5triilion …signs MoU with BOA on N2.79billion loan scheme for 558 millionaire farmers

The Deputy President of the Senate , Senator Barau Jibrin , has commended President Bola Tinubu for the re – capitalization of Bank of Agriculture ( BOA) with N1.5trillion .
Senator Barau made the commendation in his office on Thursday, after signing of Memorandum of Understanding ( MoU) with BOA on N2.79billion loan scheme for raising 558 young millionaire farmers across the seven and 186 local government councils in North West – Geo – political zone .
” The boosting of the capital base of Agriculture with re – capitalization of the Bank of Industry with N1.5trillion as contained in the N54.9trillion 2025 budget by President Bola Tinubu is highly commendable .
” The Memorandum of understanding on N2.79billion loan Scheme to raise 558 young millionaire farmers in North West , just signed by me with the Bank of Industry under the Barau I Jibrin Foundation (BIJF) , is meant to leverage on the boosting of capital base of BOA for revolutionizing Agriculture in the country in tandem with Barau’s Initiative for Agricultural Revolution in Nigeria ( BIARN).
” This initiative is envisioned to complement the Federal Government’s policies on food security and food sufficiency in the country.
” It is geared towards revolutionising agriculture in Nigeria , particularly in the North West geo – political zone which at the first stage , aims at raising 558 young farmers millionaires in the zone on the basis of three per each of the 186 local government councils .
” The N2.79billion loan scheme will not only drive productivity in the agricultural sector in the North West but facilitates prosperity through gainful engagement of the targeted beneficiaries who are to be in the categories of Higher National Diploma ( HND) , Bachelor’s Degree, Masters Degree and Ph:D holders and ultimately end up as employers of labour with capacity to raise millionaire farmers “, he said .
Earlier in his remarks , the Managing Director of Bank of Agriculture ( BOA), Alwan Ali Hassan , assured Senator Barau that his initiative on the loan scheme will be well implemented and coordinated very successfully.
” BOA is very happy with the initiative to revolutionize Agriculture in Northwest geo – political zone towards raising 558 young farmers millionaires in the area of Maize and Rice cultivation as starting point”, , he said .
Business & Economy
Ekowe Fed-Poly workers down tool over unpaid Dues


branch chairman of the union, Mr. Etebu Ebiyefe,
Business & Economy
Hajj: CSO urges enlightenment for Nigerian pilgrims on currency denominations

By Abdul-Ganiyy Akanbi,Abuja
A faith-based registered Civil Society Organization, CSO, that reports and advocates for workable Hajj policies, the Independent Hajj Reporters, IHR, has called on the States’ Muslim Pilgrims Welfare Boards, SMPWBs to conduct a special enlightenment programme to intending pilgrims on Saudi Arabian currency denominations.
The group, in a statement signed and released on Friday by its national coordinator Ibrahim Muhammad, said: “Now that the Central Bank of Nigeria, CBN has approved the payment of 2025 Hajj BTA via cash payment in US dollars, we call on States Muslim Pilgrims Welfare Boards, agencies and Commission to organize a special enlightenment program to educate Nigerian pilgrims on currency denominations especially on the exchange rates between US dollars and Saudi Riyals.”
It added: “Most of the Nigerian pilgrims are not conversant with foreign currencies especially US dollars and Saudi Riyals, and can hardly identify the value of each denomination unless they are guided during hajj, where hundreds of thousands of pilgrims engage in financial transactions.
“Given the above, Nigerian pilgrims should also be shown the Saudi Riyals currency denomination so that they can be able to identify such whenever they need to change US dollars to Saudi Riyals or make a purchase using either of the two currency denominations.
“This call is important due to past experiences where some dubious Saudi-based individuals shortchanged our dear pilgrims whenever they make purchases or try to convert their BTA to US dollars.”
IHR warned that Nigerian female pilgrims who patronize unregulated dental services to change their teeth as soon as they arrive in Madinah are more vulnerable to being shortchanged.
The group also pleaded with airlines to use the onboard educational system to educate pilgrims on the same subject as a way of corporate social responsibility to help mitigate the risks of financial losses on the part of intending pilgrims.
“Understanding denomination in today’s currency circulation is crucial as it serves as the foundation of all monetary transactions worldwide. It will enable pilgrims to comprehend the value of their BTA.
“According to the Central Bank of Saudi Arabia, SAMA, the most-exchanged foreign currencies during Hajj are the US dollar, the euro, the Singapore dollar, the Indian rupee, the Indonesian rupiah, the Emirati dirham and the Malaysian ringgi,” IHR stated.
Business & Economy
BOSG. trains 150 Almajirai in vocational skills


Recipients at the Almajirai Vocational center in Borno state
-
Entertainment9 months ago
Jubilation galore as Parishioners of CKC Kurudu celebrate their cultural heritage ….FG should exploit our Cultural heritage to unite Nigerians-Rev Fr Dim
-
General News10 months ago
Celebration galore as UDA Successfully Elected New Exco ……I will digitalize processes that will raise UDA to greater height -Comr. Okejiri
-
General News11 months ago
Reps hold public hearing on FMC Ugwuaji Awkunanaw
-
General News10 months ago
Kugbo Hill Tragedy: Trailer Crushes Car, Kills Four and Injures Several Others in Abuja
-
General News3 months ago
Ex – Agitators Warned PAP Beneficiaries Against Protest, pipeline Vandalism – Urge Fifth Columnists To Desist From Attacks On PAP,Dr Denis Otuaro
-
Uncategorized3 months ago
Benue govt drags NDIC to Federal High Court over illegal sell of shares …Demands N2.6billion damages
-
Politics11 months ago
10th Senate @1: Akpabio’s Leadership Pedigree as Senate President in Focus
-
General News10 months ago
FG bars JAMB from granting admission to under 18 candidates …….As Education stakeholders reject FG’s 18-yrs Admission age limit