Business
Association Plans Cassava Processing Centres For Osun Farmers
Cassava Growers Association of Nigeria (CFAN), Osun State chapter, says it is working toward setting up cassava processing centres across the state to process cassava into finish products.
Chairman CFAN, Mr Musefiu Ganiyu, who said this on Thursday in an interview with newsmen in Osogbo, however, did not state when the project will commence.
According to him, one of the major challenges facing cassava farmers in the state is marketing of their produce after the harvest.
He expressed concern that cassava flour processing companies given grants by the government to buy cassava from the local farmers were not patronising them.
Ganiyu said that when the proposed processing centre materialised, it would ease the marketing of finished cassava products with added value.
“Though the price we sell to buyers is moderate, but by setting up cassava processing centres by ourselves, it will yield more returns for farmers.
“Right now, we only sell our produce to people from the local market who process and turn them to garri and fufu,’’ he said.
The chairman said that cassava produce, in finished form, would yield more profit for farmers, considering the state of the country’s economy.
“We are, however, working toward having our own cassava processing centres, even if it will be just for processing Garri.
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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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