Business
Farmers Want Regulatory Body For Animal Feed, Drugs
Participants in a one day sensitisation workshop on poultry and fish farming, have urged the Federal Government to establish a regulatory body to supervise the marketing of animal drugs and feed.
The farmers bared their minds in their contributions at a workshop that attracted not less than 150 poultry and fish farmers in Umuahia.
The workshop was organised by Grand Cereals Nigerian Ltd, Jos.
Mr Kalu Ezeiyi, a poultry farmer, complained that the Nigerian was flooded with all manner of animal feed, drugs and vaccines due to the absence of a regulatory authority.
“Most times when your birds have problem and you rush to the market for drugs, what you will get some times are drugs without labels and some with wrongly spelt names,’’ Ezeiyi said.
Another participant, Chief Innocent Ndukwe, complained that some of the animal feeds lack basic nutrients required for the growth of the animals.
He noted that due to sharp practices, poultry and fish farmers recorded high mortality rates, leading to huge economic losses.
“Because of high mortality, most Nigerians avoid poultry and fish farming which have the potential to provide jobs to over six million unemployment Nigerians,’’ he said.
Other speakers urged the government to sanitise the operations of feed and animal drugs producers.
Mr Tony Okpo, an Aba-based fishery expert, who spoke on the topic, “Fishing for Values’’, urged the participants to always consult experts before venturing into fish farming.
Okpo said that if the right procedures were adopted, mortality would be reduced and profitability enhanced.
Also speaking, Mr Aboyomi Adio, an Ibadan-based poultry Consultant, advised participants to always source their day-old-chicks from genuine hatchery and construct their poultry houses in a good environment.
Mr Stephen Gambo, Brand Manager (Feeds), Grand Cereals , said the company organised the workshop to build the capacity of poultry and fish farmers in Abia.
Gambo said that Nigeria had the potential to meet its protein needs and export the excess to earn foreign exchange.
He decried a situation whereby millions of tonnes of fish were imported into the country yearly.
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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