Tinubu Appoints IBB’s Son as Bank of Agriculture Chairman

President Bola Ahmed Tinubu has approved the appointment of Muhammad Babangida, son of former military President Ibrahim Babangida, as the Chairman of the newly revamped Bank of Agriculture (BOA).

The announcement was made in a statement issued by Bayo Onanuga, Special Adviser to the President on Information and Strategy. According to Onanuga, Babangida’s appointment is among several others approved by the President, which include seven other chairmen and heads of federal government agencies.

“Some of them will serve as chairmen or directors-general of federal agencies,” Onanuga stated.

Muhammad Babangida, 53, holds a Bachelor’s degree in Business Administration and a Master’s degree in Public Relations and Business Communication from the European University in Montreux, Switzerland. He furthered his executive education at Harvard Business School, where he completed the Corporate Governance program in 2002.

The Bank of Agriculture is central to the federal government’s plan to boost food security and support rural development. Babangida’s appointment comes as part of ongoing reforms aimed at repositioning key institutions for enhanced efficiency and impact.