Business
FADAMA Boss Urges Farmers To Cultivate Tomatoes
The tomato crisis in
the country had been receiving attention as experts and farmers proffer solution on how best to produce the crop, and preserve it.
The Fadama III Coordinator in Plateau, Mr Gideon Dandam, who attributed the present scarcity of the food item and its price hike to low cultivation of the crop by farmers, stressed the need to boost its production.
Dandam told newsmen in Jos that the demand for the crop was very high, while supply remained low, thereby causing scarcity and hike in price.
According to him, most farmers in the state prefer to cultivate maize, millet, potatoes, yams and other crops instead of perishable crops like tomatoes during the rainy season.
“One major cause of scarcity of tomato during rainy season is because there is always high level of water beneath the earth which adversely affects the production of the crop.
“But the major cause of this year’s astronomical and unprecedented scarcity is because only few farmers are involved in tomato cultivation during the wet season.
“Most of our farmers prefer to cultivate crops like yams, maize, potatoes and other crops during the rains, thereby causing unavailability of the crop in such period.
“Also, we now have tomato processing plants in Nigeria, and so the product is always mopped up from points of harvest for processing.
Also, the Edo State Chairman of AFAN, Mr Emmanuel Odigie told The Tide in Benin that the weather in the area was suitable for the cultivation of tomatoes and called on farmers to urgently embark on the cultivation of tomatoes to mitigate the scarcity.
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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