Business
AFAN Expresses Optimism In 2015 Rice Sufficiency Target
National Technical
Adviser, All Farmers Association of Nigeria (AFAN), Dr Tunde Arosanyin, has expressed optimism on the country’s ability to meet the 2015 target for self-sufficiency in rice production.
Arosanyin expressed the hope in an interview with newsmen in Abuja.
He said the efforts of the Federal Government and the farmers to meet the target were in the right direction and called on states and local governments to complement the efforts of the Federal Government to make the goal realistic.
“All hands must be on deck to ensure that the target is achieved. “The commercial farmers are coming up but we need to see more indigenous commercial farmers in rice production.
“Some of the states that have economic advantage on rice production should ensure they keyed into the Public Private Partnership (PPP) where there are so many agricultural investors.
“I really don’t see the need for Nigeria to be importing rice, maize, sugar or wheat; we must look inwards to salvage our economy. We must initiate how to become exporters of food items to reduce unemployment and also address the issue of food security,’’ he said.
The AFAN technical adviser urged state governments to create an enabling environment where farmers could exhibit their potentials to attract investors.
The Minister of Agriculture and Rural Development, Dr Akinwumi Adesina, had in 2013 said that Nigeria would be self-sufficient in rice production by 2015.
Adesina noted that the country, a major consumer and importer of rice in Africa, was spending over N1 billion daily and N356 billion annually on rice importation and insisted that the high import cost of rice must be reduced drastically.
It would be recalled that Dr Olukayode Oyeleye, the Special Assistant to the minister, said in 2013 that the Federal Government had provided quality seeds as well as other input to support rice farmers.
He said the country had begun a rice revolution and produced nearly 50 per cent of all its rice needs in just a year.
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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.
Business
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