Business
Rivers Songhai Project For Commissioning, Soon
The Songhai cassava project initiated by the Rivers State Sustainable Development Agency, RSSDA at Bunu Tai in Tai Local Government Area of the state will be commissioned by the first quarter of this year.
This was disclosed by the Executive Director of RSSDA, Mr Noble Pepple at The Tide Roundtable yesterday.
According to the Executive Director, the project, which started last year was 90% completed and would soon kick-off in earnest.
Infrastructures and world class facilities needed for proper implementation of the Songhai model or agriculture have been put in places, he said.
Mr Pepple further hinted that the Songhai agricultural initiative was part of government’s policy of boosting sustainable agricultural development programme in the state.
He said the programme was targeted at about 4,500 cassava farmers, saying that presently, some people are undergoing training abroad on the programme.
In line with the vision of the Rivers State Government on agricultural development in the state, he said, the agency had engaged in a partnership with Shell Petroleum Development Company and other corporate institutions to establish major cassava processing plants in the state.
Part of the measures of achieving the state agricultural policy, according to the RSSDA boss, was to collaborate with the Faculty of Agriculture, Rivers State University of Science and Technology.
“RSSDA, he said would provide scholarship for every Rivers person who gains admission into the faculty”.
The RSSDA boss also disclosed that the state University of Science and the Ministry of Agriculture had already ceded heir farms at Onne and Rumuodomaya, respectively to the agency for operational activities.
He assured that the needed market would be created to boost the productivity of farmers in the state.
Taneh Beemene
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.
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