Business
Maize Production: Association Charges FG On Irrigation Facilities
President, Maize Asso
ciation of Nigeria (MAAN), Mr Olatunji Adenola, has appealed to the Federal Government to provide irrigation facilities to help improve maize production across the country.
Adenola told newsmen in Lagos, last Thursday, that every state required functional irrigation facilities.
He said that farmers needed support in areas where agricultural produce could increase and be readily available all through the year.
Adenola, however, commended the Federal Government for putting in place a system where farmers who had access to irrigation system were provided with incentives to enhance production.
“ This year, government is already releasing inputs, such as, maize seeds, fertilisers and agrochemicals, through the Growth Enhancement Scheme to farmers.
“Government is only assisting farmers in areas where they already have functional irrigation system.’’
He said that if all the states in the country could have access to irrigation system, it would help improve the agricultural sector in the country.
“ Government should also try to cover parts of the country where irrigation systems are not available.
“This will ensure food security across the country and also increase the level of production of food per year.‘’
Adenola said that it would be of advantage if the association could have access to storage facilities, where farmers would store their produce during harvest and release into the market gradually.
“The association is looking at a system where we can store maize specifically at the period of harvest and release into the market all through the year.
“This will enable us regulate inflow of produce into the market, which is the best way to control inflation and prices of food items generally”, he said.
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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