Ayodeji Sotinrin is the managing director and chief executive officer of the Bank of Agriculture. In this interview with Josephine Okojie-Okeiyi, he discussed the bank’s role in driving food security through the Renewed Hope Agenda and its recent recapitalisation.
The Renewed Hope Agenda prioritizes food security. How is BOA repositioning to deliver on that scale?
The Bank of Agriculture (BOA) has embarked on a financing programme called the Renewed Hope Smallholder Financing and Value Chain Fund, under which the President has directed that we finance two million smallholder farmers with improved varieties of seeds to enable them to produce a minimum of five tonnes per hectare in grain production.
Looking at the programme, the participating farmers will require at least ten million bags of fertiliser. So far, two million bags have been distributed, and half a million farmers have already been financed.
We are delivering this programme through farmer aggregation
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