Business
‘FG’s Agric Intervention Yields Results In Kwara’
The Kwara Agricultural Development Project (KWADP) has hailed the Federal Government’s intervention in the agriculture sector, saying that it is yielding positive results.
Mr. Sunday Atanda, the Managing Director of the agency, made the observation while speaking with The Tide source in Ilorin on Thursday.
Atanda noted that the government’s investment in the Root and Tuber Expansion Programme (RTEP) had catapulted Nigeria to become the world’s number one cassava producer, with about 42 million tonnes annually.
Acoording to him, the investment provides employment to rural dwellers and ensures food security.
He noted that excess cassava production in Kwara had resulted to the establishment of 22 micro cassava processing centres in five local government areas under the IFAD-assisted RTEP.
The centres, he noted, processed yam into yam flour and cassava into starch and gari, among other food items.
Atanda said that the programme had also generated employment for many people in the state and helped to eradicate poverty.
“The Federal Government investment in the agriculture sector in the real sense, has generated employment for the teeming populace.
“At least in a processing centre, not less than 22 people are employed and in some cases, the number is higher.
“If we have that kind of programme and we have that type of processing centres in all other local governments, just imagine the number of rural dwellers that will be employed.
“The government initiative, no doubt ensures food sufficiency and security and boosts the economy of rural dwellers”, he said.
He said that the processing centres had also prevented cassava glut just as the IFAD-assisted programme enabled farmers and processors to pay their children’s school fees and feed their families.
Meanwhile, Malam Ibrahim Olarewaju, a member of the All Farmers Association of Nigeria (AFAN), Kwara chapter, has called for the Federal Government intervention to enable banks to grant loans to farmers.
Business
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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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