Business
FISON Wants Fisheries Act
The Fisheries Society of Nigeria (FISON) has called on the Rivers State government to facilitate the passage of the fisheries Act in order to regulate the activities of fisheries in the state.
Speaking with The Tide in an exclusive interview, the chairman of FISON, Rivers State branch, Dr Awoteinm George said the Act, when passed into law, will go a long way to attract foreign investors in the state.
According to him, several attempts had been made to ensure that the Act is passed into law, but to no avail.
The disadvantage is that it does not give the state the required recognition for interested international Agencies to Support fishing activities in the state because there is no regulation in fisheries activities, no environmental protection in both capture and culture fish.
He stated further that there is less investment in fisheries department at the Rivers State University of Science and Technology (RSUST) by government and stakeholders, noting that “the fisheries department of RSUST was the pioneer degree awarding institution in Nigeria, but there had been less investment in the department”.
Dr George, who is also a senior lecturer in the department of fisheries, RSUST, said the department has been neglected for so long, and no practical work is done to encourage students to be interested in the department.
“It has been neglected for years, no equipment to work with, no facilities for practical work as well as training activities that will encourage students to seek admission into the department,” he explained.
Sogbeba Dokubo
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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.
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