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
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
Business & Economy
$530million Agro project: North East Caucus in NASS kicks against exclusion of zone …calls for immediate inclusion

By George Mgbeleke
The North East Caucus in the National Assembly on Thursday in Abuja , kicked against exclusion of the zone from the $530million Special Agro – Industrial Processing Zones ( SAPZ), being implemented by the Federal Government of Nigeria .
The Caucus which comprises the entire Senators and Honourable members of the House of Representatives from the Six States in the zone , declared that it was unacceptable to them that none of the states , is included and accordingly requested for inclusion by President Bola Tinubu .
Rising from an emergency meeting at the Senate wing of the National Assembly which lasted for about two hours , the caucus through its Chairman , Senator Muhammad Danjuma Goje , lamented that despite the North East been the first in Livestock and Agriculture generally in the country , none of its six states , is picked among the eight states in the country where the special project is being implemented .
Goje at the press briefing said : ” The emergency meeting held today by all the federal lawmakers from the North East geo – political Zone comprising Adamawa , Bauchi, Borno , Gombe, Taraba and Yobe States was convened sequel to the exclusion of our zone from the all-important programme of the Federal Government, the Special Agro-Industrial Processing Zones (SAPZ), despite the enormous potential of our zone in all spheres of agriculture and livestock of the Federal Republic of Nigeria.
“In view of the seriousness of this matter, the members of our caucus, even though the parliament is on recess, cut short their holidays to attend this meeting and express our reservations about our region’s exclusion from the programme.
“For a start, $530 million is to be provided by the Federal Government, the African Development Bank (AfDB), the Islamic Development Bank (IsDB), and the International Fund for Agricultural Development (IFAD) for the SAPZ programme.
On Tuesday, April 8, 2025, His Excellency, the Vice President, Kashim Shettima, GCON, in Kaduna State, flagged off the construction of Phase 1 of the SAPZ as part of the present administration’s plan to industrialise Nigeria’s agricultural sector and create sustainable jobs.
Seven states and the Federal Capital Territory (FCT) have been selected for the programme. The North West and South West have two processing zones each – Kaduna, Kano, Ogun, and Oyo states. The South South, South East and North Central have one processing zone each.
“Despite its enormous agricultural potential, the North East is conspicuously missing from the list of states allocated the processing zones.
” SAPZs aim to transform Nigeria’s agriculture landscape through innovation, private-sector investments, and strategic public partnerships.
The zones are designed to create agro-industrial hubs that integrate farmers with processors, reduce post-harvest losses and expand rural economic opportunities.
“Geographically, the North East is the largest geopolitical zone in the nation, covering nearly one-third of Nigeria’s total area of 272,451 km2 (105,194sq mi). Our potential in all aspects of the agricultural sector cannot be overemphasised.
“At the end of the meeting, we resolved as follows: (i) Lament the exclusion of the North East Geopolitical Zone from the processing zones despite its enormous agricultural potential cutting across all sector value chains.
(ii) Appeal for the immediate inclusion of the North East Geo-political Zone in the Special Agro-Industrial Processing Zones (SAPZ). This is not only for fairness and inclusivity but for the actualisation of the lofty ideals of the present administration to industrialise Nigeria’s agricultural sector and create sustainable jobs in the country.
(iii)Commend the President and Commander-In-Chief of the Armed Forces of the Federal Republic of Nigeria, His Excellency Bola Ahmed Tinubu, GCFR, for making this programme a reality.
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