Business
Stakeholders Celebrate Bountiful Harvest
Some stakeholders in the
agriculture sector have expressed joy at the bountiful harvest recorded in 2014, The Tide report.
In separate telephone interviews, they told our source that farmers had good harvest in maize, rice, sorghum, beans among others.
National President of the Smallholder Women Farmers Organisation Mrs Sarah Yapwah, , said that in spite of the flooding in some parts of the country, most states were experiencing a good harvest compared to 2013.
“We have experienced a good harvest, though it varies from community to community and from state to state.
“Some had too much of the rains which resulted in floods and a waste of their produce, but generally we have more harvest compared to last year.
“This means there will be more food for the populace,“ he said.
National Technical Adviser, All Farmers Association of Nigeria Dr Tunde Arosanyin, (AFAN), told The Tide that 2014 rains came as a blessing to Nigerian farmers.
He said that the pattern the rains took from the beginning of the year encouraged farmers to increase agricultural production.
He said that so far, there has been a bumper harvest in maize, rice, sorghum and other crops in the year.
Arosanyin expressed the hope that this would encourage more production of cocoa, palm oil, cashew and mango in 2015.
“Once there is a bumper harvest like this, farmers should expect market forces in which the prices of food items will go down.
“We expect the Federal Government to activate the storage centres around the country, as well as ensure fully operational processing zones.
“By so doing, these farmers can sell to them and look forward to producing more in the coming year,” 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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