Business
Fish Farmer Laments Catfish Importation
A Lagos-based fish farmer, Mr Linus Dibia last Monday raised alarm over the importation of catfish into the country to the detriment of local farmers.
Dibia told newsmen in Lagos that catfish was being imported from neighbouring African countries and sold at lower rates to market women.
He said that the imported variety was cheaper because the governments of those African countries subsidised inputs.
He said that Nigeria was a beneficiary of the World Bank’s West Africa Agricultural Productivity Programme (WAAPP) assisted regional agricultural project which included aqua culture but that Nigerian farmers were not feeling the impact of the aid.
Dibia operates a catfish farm in Ijegun in Ikotun/Igando Local Council Development Area (LCDA).
He said governments of other African countries through the grant, were assisting their fish farmers but Nigerian farmers were not able to compete because of high cost of fish feeds.
“Presently the price of fish is going down while that of feeds is increasing.
“People are importing catfish from other African countries where their governments are using the World Bank assisted project to assist the farmers.
“We cannot compete favourably because instead of our own to be cheaper, it is more expensive so, the market women prefer to buy the imported catfish.
“Both the state and federal government should subsidise fish feeds for us,” he said. He lamented that the federal government always said it was releasing funds but that it was not getting to the real farmers.
He said that fish farmers relied on foreign fish feeds which were expensive and sold for N6,500 per 15 kilograms while the same quantity of the local variety sold for about N5,000.
He appealed to the federal and state government to support fish farmers as was done to other farmers.
“We want Lagos state and federal government to support us with fish feeds as they do to other local farmers that they give fertilisers,” he said.
He also appealed to the federal government to ensure ongoing registration of farmers in the country was not an exercise in futility.
He urged government to keep its promise to assist the farmers as according to him farmers in Lagos were being registered a fourth time.
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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