Business
Obasanjo Tasks IITA On Research Findings
Former President Olusegun Obasanjo has congratulated the International Institute of Tropical Agriculture (IITA), Ibadan on its 50th anniversary and urged it to ensure its research findings get to farmers.
Obasanjo gave the charge at the grand finale of the institute’s 50thanniversary celebration in Ibadan last Friday.
The programme had as its theme, ‘Towards Food and Nutrition Security for the Next Half Century: Challenges, Opportunities and Strategies’.
Obasanjo noted that IITA’s research, especially on cassava, had enabled Nigeria to be the largest cassava producing country in Africa.
Obasanjo, who is also the Honorary International Ambassador of IITA, urged the institute to ensure that the research findings got to farmers as quick as possible no matter what the cost might be.
“A research product that does not get to the farmers is already wasted, so getting the products to them is as important as the research also,” he said.
Earlier, the IITA Director-General, Dr Nteranya Sanginga, said the major concern for development in Africa was leadership, saying ‘if we get it in leadership, we have gotten it in all’.
Sanginga noted that the conference leveraged on the potential of science for the transformation of agriculture toward increased food security and economic development for African countries.
He said that the conference was pertinent, particularly given the challenges of population growth and climate change.
“It’s estimated that the population of the world would reach nine billion by 2050, food availability in quantity, quality would be a major challenge for feeding this number of people.
“Climate Change with direct and indirect consequences places further challenge on this scenario,” the IITA director-general said.
He urged scientists to think about the future of agriculture in the next 50 years.
The Chairman of the 50th Anniversary Committee, Dr Kwesi Atta-Krah, said the conference provided opportunity for the exchange of ideas among experts on food and nutrition security futures-strategies and opportunities.
He added that it would help in mapping a roadmap for future research and delivery for IITA and partners.
Atta-Krah said that agriculture was central to the development of the African continent, currently contributing 40 per cent to 80 per cent to Gross Domestic Product in many countries.
“Agriculture has the potential to drive economic development and wealth creation. IITA positions itself as a key partner for the realisation of this vision for African agriculture,” he said.
In a message, the Commissioner, Rural Economy and Agriculture, African Union Commission, Mrs Josefa Sacko, said IITA had developed technologies that contributed to the development of agriculture in Africa.
She remarked that its research produced many improved varieties in most of the major staples in the continent, including banana/plantain, cassava, maize and yam which created wealth for farmers and value chain actors.
She congratulated the institute on its 50th anniversary and achievements and promised that the African Union Commission would continue to partner with them to ensure its goal.
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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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