Tinubu Orders BOA to Disburse ₦30 Billion to Boost Food Chain Stability

Senator Bola Tinubu directed the Bank of Agriculture (BOA) to disburse ₦30 billion to agro-dealers to stabilize Nigeria's food supply chain. The move, in line with a presidential order, aims to support farmers and ensure food security.

The BOA, as the custodian of the fund, will use an electronic Wallet system for prompt disbursement. This initiative is a crucial step towards enhancing food production in Nigeria and driving agricultural transformation, as emphasized by the Managing Executive of BOA.

The timely release of funds is seen as a significant development in the country's agricultural sector, aligning with the Federal Government's agenda for renewed hope.