FG Moves to Merge CBN’s NIRSAL Microfinance Bank With Bank of Agriculture [Video]

• The Nigerian government is proposing the merger of the Bank of Agriculture and the NIRSAL Microfinance Limited
• NIRSAL Microfinance Limited belongs to the Central Bank of Nigeria (CBN) and is charged with providing seed funding to farmers
• The National Council on Privatisation disclosed that the bank will be provided with funds after the merger

Legit. Pascal Oparada has been reporting on tech, energy, stocks, investment, and the economy for over a decade.

The National Council on Privatisation (NCP) disclosed on Wednesday, April 24, 2024, that it is considering merging the country’s Bank of Agriculture with the Central Bank of Nigeria (CBN) NIRSAL Microfinance Limited.

The council also said it plans to inject new funds into the banks to rejuvenate them after the merger.

Decision made to boost food security in Nigeria

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