Business
Farmer Charges FG On Cassava Production
The Federal Govern
ment has been urged to double its efforts in boosting Cassava production.
A local cassava farmer, Mr. Riches Amadi made the call while fielding questions from pressmen at the weekend in Port Harcourt.
He said the Federal Government under President Muhammadu Buhari should call a strategic meeting of stakeholders in the sector to know its problems and prospects.
Amadi, said it was not time to make promises about the sector, but a time to make frantic efforts and ensure that it was revamped.
He hinted that the industry was saddled with the problems of production and supply of cassava product as well as low pricing and insecurity.
According to him, the sector must be equipped with the latest tools that could encourage local production of the product.
He noted that farmers in the rural areas must get enough encouragement from the government, if there are plans to boost cassava production.
The local farmer hinted that another way to encourage cassava production was to ensure that rural areas are property linked with good road network.
He argued that poor road network was one of the factors militating against the growth of cassava production.
The Tide gathered that the Federal Government has almost concluded plans to revamp the Agricultural sector and has also planned to be exporting cassava products.
Meanwhile, Riches Amadi has appealed to cassava farmers in the state to come together as family in order to properly channel their matters to the government.
Business
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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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