Business
Cassava Stem Scarcity Worries Etche Farmers
Farmers in Etche Local Government Area of Rivers State, are now faced with acute scarcity of cassava stems for this year’s cultivation.
The scarcity is attributed by farmers to prolonged dry season, which resulted in the dearth of the stems.
Desperate farmers, in search of how to source the stems, now buy from the market at increased price.
A bundle of cassava stems which was formerly sold at N400 now goes for N1000 and above in the rural markets.
A cassava farmer in the area, Christiana Onyema, told The Tide at Eketa market, that the scarcity has become a serious source of concern to farmers.
“Ordinarily, when you don’t have stems to cultivate, you approach your neighbor to assist you, but today, because of the scarcity, such grace is not there any more. People prefer selling the stems in the local market because the price is high.
“What worsened the situation is that Etche experienced the first rain late, so those who planted their cassava early, hoping that rain will come, lost them as most of them died of the scourge”, she said.
Another farmer, Jonah Njoku, expressed fear that the situation might result in poor or low yield and late harvest.
Njoku, called on the Ministry of Agriculture to come to the aid of the farmers by providing them cassava stems at subsidised rate.
Chris Oluoh
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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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