Business
Food Production Increases By 21m Tonnes – Minister
The Minister of Agricul
ture and Rural Development, Dr Akinwumi Adesina, said that national food production increased by 21 million metric tonnes between 2011 and 2014.
Adesina attributed the development to the impact of a rejuvenated seed industry which had been tremendous.’
Adesina, represented by his Senior Technical Adviser, Dr Matthew Fregene, stated this at a National Retreat on Seed, organised by the National Agricultural Seeds Council (NASC) in Abuja, recently.
“This has surpassed the set target of 20 million metric tonnes set for 2015,’’ he said.
He stressed that high quality seeds must therefore be made readily available, affordable and accessible to all farmers at all times irrespective of their location.
He identified poor seed quality planted by farmers and adulteration of seeds deployed to redemption centres by some companies as some problems facing the sector.
“Since seed is paramount to the survival of agriculture, it must put in place processes for self-regulation,” he said.
He held that efforts must be made to remove all bottlenecks to making quality seeds available to farmers in Africa.
The minister said a lot had been done to improve seed processing in the country.
According to him, efforts must be made to identify relevant issues and bottlenecks related to smooth growth of the sector and determine the type of interventions needed to make quality seeds available to farmers.
Director-General of NASC, Dr Olusegun Ojo, said crop production efforts would not yield the desired result until the issue of quality seeds was adequately addressed.
Ojo said remarkable achievements had been recorded in the seed sector since the commencement of the Agricultural Transformation Agenda under the present administration.
“This include up-scaling the capacity building effort in order to update the skills of the operators in the seed quality assurance.
“Recently, skill acquisition training was organised for 295 operators.
“This comprised 120 internal quality control officers of seed companies, 75 seed certification officers, and 100 youth corps members trained on seed quality assurance,’’ Ojo said.
He urged stakeholders in the seed industry to partner fully with the council in order to achieve sustainable availability of good quality seed for Nigerian farmers.
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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