Business
NAOC-GRP Celebrates Farmers Day …Empowers Co-operatives
In a move to develop a strong food production system, backed up by cutting edge technology that would tackle the challenge of food security in the Niger Delta region, the Nigerian Agip Oil Company Green River Project has empowered farmers and co-operative societies of host communities in their operation areas in Imo, Delta, Bayelsa and Rivers States.
In his address the Managing Director, NAOC, Mr Ciro Antonio Pagano, at the 14th NAOC-GRP farmers Day celebration held at Obie in Ogba/Egbema/Ndoni local government area of Rivers State on Saturday, said the Green River project has for 22 years maintained the target of improving the standard of living of the rural farmers in its operation areas, noting that over 50,000 farm families have benefited directly or indirectly from the project activities.
According to him, “we have over 250 active co-operative societies with total membership of 106,300 farmers. We provide farm inputs technical services, capacity building including training to the members. GRP provide cassava stem, seed yams, plantain suckers, fish fingerling livestock, fertilizers and agrochemicals at no cost as part of input to boost farmers production capacity”.
The managing Director, said that value was added to the farm produce by providing agro-processing equipment such as palm oil mills, cassava processing mills, plantain flour mill, chorkor (fish smoking kiln) across the region, adding that this year, five agro-processing mills have been commissioned in Obor and Okposi in ONELGA, Rivers state, Ogume in Ndokwa West LGA, Irri in Isoko South LGA, Delta state and Ukpeliede in Ahoada West LGA, Rivers State and yet to commission another two in Imo and Bayelsa State respectively.
In the past four years, NAOC has disbursed over N80 million micro-credit to farmers cooperative societies, youths and women groups, he added.
In his speech, the Regional Head, National Agricultural Seed Council (NASC) South East Regional Office, Umudike, Dr EC Okoli emphasized the importance of improved seeds noting that the major challenge facing farmers in the country is the use of low-yeild seeds. He called for a systematic sensitisation on the use of improved seeds by farmers through the establishment of ideal seed farm De-monstration centres in all NAOC/GRP farm locations.
The Director General, Raw Material Research and Development Council, Prof Peter Onwualu who was represented by Mrs Felicia Chilaka commended NAOC GRP for migrating from oil to soil now that the country is in need of resource diversification especially in agriculture. She expressed the willingness of RMRDC to collaborate with NAOC GRP in boosting agricultural development in the region. Highlights of the occasion include presentation of prices to award winners in this years farmers Day celebration and cultural displays.
Business
Agency Gives Insight Into Its Inspection, Monitoring Operations
Business
BVN Enrolments Rise 6% To 67.8m In 2025 — NIBSS
The Nigeria Inter-Bank Settlement System (NIBSS) has said that Bank Verification Number (BVN) enrolments rose by 6.8 per cent year-on-year to 67.8 million as at December 2025, up from 63.5 million recorded in the corresponding period of 2024.
In a statement published on its website, NIBSS attributed the growth to stronger policy enforcement by the Central Bank of Nigeria (CBN) and the expansion of diaspora enrolment initiatives.
NIBSS noted that the expansion reinforces the BVN system’s central role in Nigeria’s financial inclusion drive and digital identity framework.
Another major driver, the statement said, was the rollout of the Non-Resident Bank Verification Number (NRBVN) initiative, which allows Nigerians in the diaspora to obtain a BVN remotely without physical presence in the country.
A five-year analysis by NIBSS showed consistent growth in BVN enrolments, rising from 51.9 million in 2021 to 56.0 million in 2022, 60.1 million in 2023, 63.5 million in 2024 and 67.8 million by December 2025. The steady increase reflects stronger compliance with biometric identity requirements and improved coverage of the national banking identity system.
However, NIBSS noted that BVN enrolments still lag the total number of active bank accounts, which exceeded 320 million as of March 2025.
The gap, it explained, is largely due to multiple bank accounts linked to single BVNs, as well as customers yet to complete enrolment, despite the progress recorded.
Business
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