The Federal Government of Nigeria has issued a new directive to all agro-input dealers and suppliers under the National Agricultural Growth Scheme and Agro-Pocket (NAGS-AP) program, instructing them to open an account with the Bank of Agriculture (BOA) to receive pending payments.
This directive, conveyed through the NAGS-AP Secretariat under the supervision of President Bola Ahmed Tinubu’s administration, is part of ongoing efforts to ensure transparency, accountability, and speedy disbursement of funds to verified participants in the scheme.
Mandatory BOA Account Registration
According to the NAGS-AP Secretariat, all agro-dealers and suppliers with pending claims must immediately create a free BOA account online at the official link: https://internetbankingbusiness.bankofagriculture.com.
Applicants are required to activate their accounts using the One-Time Password (OTP) sent to their registered email. Once activation is complete, payment processing will begin within one business day for verified beneficiaries.
The Secretariat warned that failure to open or activate the BOA account may lead to payment delays, as all disbursements will henceforth be processed exclusively through BOA.
Why the BOA Account is Important
The Bank of Agriculture (BOA) serves as the government’s official channel for agricultural financing and intervention programs. This directive is intended to:
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Eliminate fraudulent claims.
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Ensure that only verified participants are paid.
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Simplify and track all NAGS-AP fund disbursements.
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Strengthen government oversight on agricultural subsidy distribution.
About the NAGS-AP Scheme
The National Agricultural Growth Scheme and Agro-Pocket (NAGS-AP) is a flagship agricultural program by the Federal Government designed to empower farmers, boost food production, and support smallholder agribusinesses. The initiative provides subsidized fertilizers, improved seeds, and digital financial support to enhance productivity and ensure food security across Nigeria.
For inquiries or technical assistance regarding payments or account activation, participants are advised to contact the NAGS-AP Secretariat directly via [email protected].