Overview

BOA is Nigeria’s premier agricultural and rural development finance institution, 100% wholly owned by the federal government of Nigeria. The ownership structure is – Central Bank of Nigeria (CBN) 40% and Federal Ministry of Finance Incorporated 60%. Bank of Agriculture Limited is supervised by Federal Ministry of Agriculture.

The Bank was incorporated as Nigerian Agricultural Bank (NAB) in 1973 and in 1978, was renamed Nigerian Agricultural and Cooperative Bank (NACB).

Subsequently in 2000, it was merged with the People’s Bank of Nigeria (PBN) and took over the risk assets of Family Economic Advancement Programme (FEAP) to become Nigerian Agricultural Cooperative and Rural Development Bank Limited (NACRDB, a name that has always be considered too long and unwieldy.

A plan to reposition the Bank into an effective and sustainable national agricultural and rural development finance institution in 2010 led to a further name change to Bank of Agriculture Limited (BOA).

Profile and values

Profileandvalues

We provide affordable credit facilities to segments of the Nigerian society who have little access to the services of conventional banks. We accept savings deposit from customers and encourage banking habits at the grass-roots.

Keypoints & strategy

KeyPoints

Bank of Agriculture positioning strategy is anchored on Three Direction Points (TDPs); a tripod of Modernization, Institutional capacity enhancement, and Refocusing on the Bank’s key mandates.
We will continue our corporate...

Corporate Governance

Corporategovernance

Bank of Agriculture is committed to first class corporate governance principles to facilitate transparency, understanding, relevance, reliability, and comparability of the banks key performance indicators that approximate global...

Management

Directors

The Bank was incorporated as a Nigerian Agriculture Bank (NAB) in 1973 and in 1978, was renamed Nigerian Agriculture and Cooperative Bank (NACB).

Career

Career

Bank of Agricultue is the nation’s apex agricultural and rural development finance institution. As a development finance institution, it is government owned (CBN 40% and Federal Ministry of Finance 60%), and supervised by Federal Ministry of Agriculture.

Key Facts

Loan Rate

Loan Condition

Deposit Rate

Contact us

Get in touch with us to answer your questions and help you find what you need. Contact us