Business
Farmers Want Strategy Against Food Shortage
Some agricultural stakeholders have advocated for all season
planting and irrigation farming to checkmate food shortage in the country.
The stakeholders speaking in Lagos, said that the
current flooding occasioned by climate change, had impacted adversely on the
nation’s agricultural production.
Mr Bolaji Alonge, a farm developer, stressed the need to
encourage all season planting due to the high demand for food.
“We do not have many farmers who are into all season farming
in the country; we only have Obasanjo Farms and one or two others.
“These farmers cannot meet up with the high demand for food,
considering the population; that is why the government needs to encourage
farmers to go into all season farming.”
He also urged the Federal Government to take urgent measures
to address the security challenge in the northern part of the country.
“We all know that about 50 per cent of food consumed in the
south west is from the north, so the region will be mostly affected. “Let us
also consider irrigation farming during the dry season so that there won’t be
food shortage.
“We see wastage of food when there are heavy rains and
floods, and then we have shortage of food when there is no rain at all, so
there is a problem. ‘’Let me also remind you that this is not peculiar to
Nigeria alone.”
He urged the Federal Government to urgently put an end to
the perennial flooding to avoid food crisis in the country.
In his view, Mr Haruna Muhammed, the Chairman, Mile 12
Market Management Committee, attributed the general vegetable shortage in the
country to flood.
‘’If you go to most vegetable farms now, you will see how
flood has eroded a whole farm leaving nothing for the farmers to harvest.’’
He said that in time past, it was easy to manage flood on
vegetable farms but now the situation was beyond farmers’ control.
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.
Business
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