President Bola Tinubu has appointed Muhammad Babangida as the new chairman of the Bank of Agriculture, signaling a fresh push to restructure the institution.
The appointment comes amid broader efforts to reposition key financial agencies to better support Nigeria’s economic goals, particularly in the agricultural sector.
Babangida, son of former military head of state Ibrahim Babangida, is expected to lead the reformed Bank of Agriculture in its renewed mission to finance rural farming and agribusiness initiatives.
No further details were released about the bank’s operational changes, but the presidency noted that the new leadership is part of a larger institutional shake-up aimed at strengthening productivity and governance.