President Bola Tinubu appointed Muhammad Babangida as chairman of the Bank of Agriculture on July 18, 2025.
The announcement, made through Bayo Onanuga’s verified X handle, quickly drew public attention across political and business circles.
Babangida, the son of former military President Ibrahim Babangida, declined the appointment through a formally signed letter.
He expressed appreciation for the honour but explained personal and professional reasons influenced his difficult decision to decline.
His letter, dated July 21, emphasized gratitude while highlighting his commitment to Nigeria’s growth and Tinubu’s leadership.
“I appreciate the trust placed in me, but I must decline due to current obligations and responsibilities,” he wrote.
Muhammad Babangida earned business degrees from European University in Switzerland and attended Harvard’s executive governance program.
Although he acknowledged the role’s importance, he felt unable to commit fully to such a national leadership position.
“This decision wasn’t made lightly. I respect the Bank’s mission and hope to support development in other ways.”
He assured President Tinubu of continued support and readiness to contribute to national progress when future opportunities arise.
The rejection wasn’t politically motivated; instead, it reflected careful consideration of timing and his personal life priorities.
Babangida was among several new appointees Tinubu selected to revamp leadership across key federal institutions and agencies.
This move aimed at enhancing economic transformation, especially in agriculture, a priority for the current administration’s policy direction.
Previously, Umpire News reported that Tinubu had made sweeping changes in federal boards, including regulatory and strategic development institutions.
The presidential administration sees agriculture as central to reducing poverty and strengthening Nigeria’s economic independence and food security.
As the situation develops, Nigerians continue watching for reactions and potential successors to the Bank of Agriculture chairmanship.
