Business
‘South-West Farmers Lose N257.4bn To Pest’
Farmers in South-West
zone of the country have so far lost about N257.4 billion in 2016 due to army worm invasion, an expert has disclosed.
The Head of Maize Improvement Programme, Institute of Agricultural Research and Training (IAR&T), Ibadan, Dr Folake Akinbode, made the disclosure in an interview with newsmen in Ibadan yesterday.
She said that scientists in the institute discovered the problem during their survey in six states: Oyo, Osun, Ondo, Ekiti, Ogun and part of Kwara.
“Some farmers even lost about 20 hectares of land to the worm invasion,’’ she said.
The expert, therefore, urged the government and stakeholders to join hands to address the pest menace.
“To help the farmers, the institute distributed two maize varieties: BR9928-DMR-SR-Y (which has a level of tolerant to the pest) and LNTP-Y (which requires low fertiliser), to 500 farmers in Oyo state.
“We also organised training and educated the farmers on the control of the pest, however, we are working tirelessly on the bio-control of the army worm.”
Akinbode advised farmers to always be watchful of the happenings on their farm, saying that they should not plant and leave the farm for a long time.
“The army worm gives signs on the seedlings; it is usually more obvious when the plants are two weeks.
“So, proper farm checking will help discover it early enough; it’s easily tackled at the early stage.
“The level of damage will not be much once there is good monitoring of the farm.”
She also urged the farmers to always seek information from appropriate quarters to be able to get correct information on control measures.
“They should alert research institutes that work on the crops on time once they see anything strange on the farm, so that recommendations can be made.
“They need to have good farm hygiene; the worm looks for alternative once they don’t find maize to eat.
“So, when farmers prepare their land, they should leave it for two weeks before planting maize so that the worm will not attack the plant but the weed.
“By the time the army worm see only weed, they will migrate to another place.
“Farmers should also endeavour to carry out good agronomic practices.”
She also appreciated the support of union and community leaders, for their efforts toward the reinstatement of the workers.
Okelana promised to reposition the institute to make it one of the best research centres in the country.
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.
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