Marking its 53rd anniversary today, the Bank of Agriculture has described the moment as a defining point in its long journey of supporting farmers and rural communities across Nigeria. The institution said it is entering a season shaped by resilience and guided by what it called the rise of a new BOA. According to the management, the agricultural sector has changed over the years, and the bank must respond to the evolving needs of farmers and the growing expectations of the nation.
In a statement, the bank noted that it has been present in the fields for more than five decades, but the future requires deeper reforms. It explained that the BOA of today is not the same as the BOA of the past, adding that intentional rebuilding is already underway to reposition the bank as a central force in agricultural financing. The bank said some changes are visible while many more will follow, and although the journey may not always be easy, it remains committed to the path.
The 53rd anniversary was described as a turning point that calls every stakeholder to reflect on their role. The statement said, “We are not here to observe change from the sidelines but to create it,” urging staff and partners to choose collaboration and support as the bank moves forward. It added that such choices are key to building the institution the country needs.
Managing Director Ayo Oludare Sotinrin said his focus since assuming office has been to restore the bank to its rightful place as Nigeria’s leading development finance institution. He explained that the BOA has begun strengthening its foundations, resolving infrastructural gaps, upgrading technology systems, and shifting from a government agency mindset to the operations of a modern bank. He described these actions as important steps toward long-term transformation.
He also stated that the bank is operating under an administration that has offered unprecedented support. He highlighted the Renewed Hope Agenda of President Bola Ahmed Tinubu as a major opportunity to expand the institution’s impact. According to him, this support gives the BOA a clear mandate to become the largest and most effective agricultural development bank in Africa.
The statement concluded with the message, “This is our season of resilience. This is our rebirth. This is the rise of a new BOA,” while thanking Nigerians for their trust and belief in the institution’s mission today.
