Business
Firm Tasks Agric Stakeholders On Policies
Synergos Nigeria, a global non-profit organisation, has called for stakeholders’ commitment in the formulation and implementation of agricultural policies to enhance the nation’s food security.
The Country Director of Synergos, Mr Adewale Ajadi, made the call in Abuja on Friday at a meeting of the recently constituted Federal and State Policy Alignment Committee.
Ajadi, who was represented by Mrs Vivienne Bamgboye, a Senior Manager in Synergos, urged the committee members to redouble their efforts to establish a viable coordination platform for actors in the agricultural sector.
He said that the meeting was an opportunity for the committee members to know the challenges facing farmers in the states and proffer solutions to them.
“The meeting is very important in the sense that we will get to hear what is happening in the states and understand what the state representatives are witnessing.
“This will help with what we call a project cycle in which information and real-time experiences are fed back to the key policymakers, who can now use them to form policies.
“We are at a time in our nation where policymaking is no longer an abstract activity that is completely detached from the key stakeholders,’’ he said.
Ajadi said that Nigeria was now beginning to understand the value of data, information and experiences which could guide policy formulation processes.
“What is the experience in terms of that policy to the immediate environment?
“The policy is there to achieve a set goal. We will now check whether the policy has been achieved or causing more harm.
“These are some of the things we want to realise from this meeting we are having today.
“I, therefore, urge you to put your heads together in order to achieve the goals for which the committee was set up: to move the agricultural sector forward,’’ he said.
The Tide source reports that the 25-member consultative committee was inaugurated on December 1, 2017, to facilitate the alignment of federal and state policies in the agricultural sector.
This is to avoid duplication of efforts, which according to observers, is a critical challenge facing development issues in the country.
The committee is also expected to facilitate the knowledge of the benefits of mutual exchange and reinforcement in executing government policies.
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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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