Business
Stakeholders Adopt Seeds Production Roadmap
Stakeholders in the
nation’s seeds industry have developed and adopted a seed roadmap aimed at increasing local production, distribution and utilisation of high quality seeds in the country.
A top official of the National Agricultural Seeds Council (NASC), who spoke on condition of anonymity, disclosed this in an interview with journalist in Abuja.
He explained that the roadmap was in support of the current administration‘s agenda on self-sufficiency in food production, economic diversification and job creation through agriculture.
The official said that the four-year plan, tagged ‘Rapid Action Plan for Quality Seeds Production in Nigeria’, was the outcome of a two-day workshop hosted by NASC in Abuja recently.
According to the source, the initiative is targeting the production, distribution and marketing of 200,000 metric tonnes (MT) of improved seeds to farmers by 2020.
He said that expected seed tonnage would cover some major crops such as maize, rice, sorghum, millet, soybeans and groundnuts, among others.
Recently, the Minister of Agriculture and Rural Development, Chief Audu Ogbeh, decried the huge gap in the supply and demand for high quality seeds in the country.
Ogbeh had said that the national demand for improved seeds currently stood at over 350,000 MT in 2016 as against a local output of 123,000 MT produced 2015, leaving a deficit of 231,000 MT.
The gap, according to him, is being filled through massive use of low quality seeds, which originate from local farmers and unverified seeds merchants.
The minister decried the resultant low yields of seed varieties in Nigeria compared with what obtains in other countries, and urged NASC to come up with strategies to address the challenges.
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.
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