President Bola Tinubu has approved the establishment of the Boards of the National Agricultural Development Fund, the Bank of Agriculture, and the Universal Basic Education Commission. According to a statement released by Presidential spokesperson Bayo Onanuga on Friday in Abuja, the move aims to strengthen these institutions and enhance their effectiveness.
The Bank of Agriculture and the National Agricultural Development Fund play crucial roles in promoting agricultural development and providing financial support to farmers and agricultural projects. The Universal Basic Education Commission, on the other hand, is responsible for overseeing basic education in Nigeria, ensuring that all children have access to quality education.
Senator Tanko Al-Makura, who was appointed in July, will continue to serve as the Chairman of the Bank of Agriculture. The constitution of these boards is a significant step towards revitalizing the agricultural sector and improving education in Nigeria. The new boards are expected to work towards addressing the challenges facing these sectors and implementing policies that will drive growth and development.
The establishment of these boards is in line with President Tinubu’s commitment to repositioning key sectors of the economy and improving the lives of Nigerians. The move is also expected to have a positive impact on the country’s food security, economic growth, and human capital development.
The National Agricultural Development Fund and the Bank of Agriculture will work together to provide financing and support to farmers, agricultural projects, and other stakeholders in the agricultural sector. This collaboration is expected to increase agricultural productivity, improve food security, and reduce poverty.
The Universal Basic Education Commission will focus on improving access to quality basic education, reducing out-of-school children, and enhancing the overall quality of education in Nigeria. The commission will work with state governments, local governments, and other stakeholders to achieve these goals.
The constitution of these boards is a welcome development, and their impact will be closely watched in the coming months. As Nigeria continues to navigate its development challenges, the effective functioning of these institutions will be critical to achieving meaningful progress in the agricultural and education sectors.