Bank of Agriculture (BOA) Limited was incorporated as Nigerian Agricultural Bank (NAB) in 1972 and became operational in 1973. In 1978, the institution’s name was changed to Nigerian Agricultural and Co-operative Bank (NACB) Limited to reflect a broader mandate.
In October, 2001, following the Federal Government’s efforts to streamline the operations of its agencies, the NACB, People’s Bank of Nigeria (PBN) and the risk assets of the Family Economic Advancement Programme (FEAP) were merged to form Nigerian Agricultural, Co-operative Rural Development Bank (NACRDB) Limited.
Ten years later, in October 2010, the Bank was rebranded and it adopted the new name Bank of Agriculture (BOA) Limited as part of its Institutional Transformation Programme.
Key Manadates
- Provision of agricultural credit to support all agricultural value chain activities.
- Provision of non-agricultural micro credit
- Savings mobilization
- Capacity development through promotion of co-operatives, agricultural information systems, and the provision of technical support and extension services.
- Provision of opportunities for self-employment in the rural areas, thereby reducing rural-urban migration.
- Inculcation of banking habits at the grass-roots of the Nigerian society.
Products
- Direct Credit Product
- Large Credit Products
- Youth Agricultural Revolution In Nigeria (YARN)
- Grow And Earn More (GEM)
- On – Lending Credit Product
- Agro-Processing Facility
- Collaborations
- Mechanization Service Provider Operators
1 Yakubu Gowon Way,
P.M.B 2155, Kaduna,
Nigeria.