Business
IFAD Supports 150 Rice Farmers With N50m Inputs
The International Fund for Agricultural Development (IFAD) in Niger State said it assisted 150 rice farmers in the state to procure N50 million worth of inputs to increase their yields.
Dr Mathew Ahmed, the Programme Coordinator of IFAD Value Chain Development Programme (VCDP) in Niger made this known on Saturday at the inauguration of funds support programme for small holder farmers in Katcha Local Government Area.
He said “we have supported 150 rice farmers from six different cooperative groups with a grant of N25 million to match the N25 million they contributed for this programme.
“Fifty hectares of land will be cultivated by the clusters of farmers, numbering 25 in each group.’’
Ahmed explained that the programme, aimed at enhancing rice and cassava value chains for sustainable agricultural transformation, would increase wealth for farmers.
He said that the grant was for farm inputs such as faro-57-fertilizer, herbicides and for insurance cover for the farms in case of destruction from natural disaster and diseases.
He added that part of the grant would be used to prepare the land, while IFAD would provide 25 tube wells to enable farmers to grow “three cycle yield’’ per season.
He said that the grant covers provision of threshing machines for the farmers to ensure that the rice was clean.
“We are expecting 400 tonnes of rice per cycle, meaning we will get 1,200 tonnes of rice per farming season under the fund’s regime,’’ he said.
Improved rice seedlings, according to him, are also given to beneficiaries by IFAD and the Niger State Agricultural and Mechanisation Development Authority (NAMDA).
Alhaji Mohammadu Ibrahim, the Permanent Secretary, Niger Ministry of Agriculture and Rural Development, urged the farmers to utilise the support for rice production toward ensuring success of the programme.
Ibrahim, who was represented by Alhaji Bala Maidugu, said the extension staff of the state’s ministry of agriculture would be on ground to give the farmers necessary support.
He said “IFAD is also partnering with Bida and Wushishi local government areas in our state on enhancing rice and cassava value chains for sustainable agricultural transformation.’’
Also, Alhaji Jibrin Yakubu, the Chairman, All Farmers Association (AFAN) in the Katcha Local Government Area, said many farmers were faced with the challenge of getting fertilizer at affordable rates.
Yakubu, who commended IFAD for the gesture, assured that AFAN would ensure the success of the programme.
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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.
