Business
Sokoto Purchases N400m Fertiliser For Dry Season Farming
The Sokoto State Government has announced the purchase of 63,600 bags of assorted fertiliser worth more than N400 million for dry season farming.
Gov Aliyu Wamakko announced this at Kware town when he launched the sale of the commodity.
Wamakko said that the commodity would be sold to farmers at 70 per cent subsidy.
“Each bag of NPK will be sold to farmers at N 1,700 while a bag of Urea goes for N1,800 but on cash basis.’’
The governor also launched the sale of improved seeds, 500 water pumps, pesticides and other farm implements to the farmers at subsidised rates.
He said that flood victims in Goronyo, Silame, Wurno, Illela, Isa and Gada local governments were part of the beneficiaries.
He further disclosed that the state government had purchased additional 85 tractors for sale to farmers at subsidised prices.
“Sokoto state is blessed with fertile land which is okay for an all-year-round cultivation; as such, we should seize this golden opportunity and produce more food.
‘’By so doing, we will ensure food security and curb the menace of poverty and unemployment.’’
The governor, however, warned the beneficiaries against re-selling the fertiliser and other items in order not to defeat the objective of the gesture.
Meanwhile, Dr Jabbi Kilgori, the state Commissioner for Agriculture, and the Chairman of Kware local government, Alhaji Abubakar Zamau, have both commended Wamakko for giving priority to the agriculture.
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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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