BANK OF AGRICULTURE AND NIGERIA AIR FORCE JOIN FORCES ON AGRICULTURE FINANCING
The Bank of Agriculture (BOA) has entered into a partnership with the Nigerian Air Force Farms and Agro-Allied Services to expand access to concessional financing, with a view to boost agricultural productivity within the military’s farming ecosystem.
This was part of a high-level meeting between Managing Director/Chief Executive Officer of BOA, Ayo Sotinrin, and the leadership of the Nigerian Air Force farming unit with focus on the utilization of unused Nigerian Air Force lands.
A statement in Benin City by BOA Head of Corporate Communication Department, Ruth Didam, said the meeting was to explore institutional cooperation aimed at strengthening agricultural operations across NAF farms.
The statement said both organizations identified areas where the BOA could directly support the operational and strategic goals of the Air Force’s farming programmes.
It said the BOA agreed to provide concessional financing for the procurement of quality agricultural inputs, including seeds, fertilisers, crop protection products and soil amendments.
