Business
Agency Earmarks $12.5m For Food Security In Nigeria
The Feed the Future, a U.S. government global hunger and food security initiative, has earmarked 12.5 million dollars for food security in Nigeria.
Head of IFPRI Nigeria office, Dr George Mavrotas, said this in an interview with The Tide source in Abuja, Thursday.
Mavrotas, who is also the Chief of the Project, The Feed the Future Nigeria Agricultural Policy Project, said that the fund which has been released since 2016 would cover various agricultural and food security programmes in Nigeria for the next five years.
Nigeria Agricultural Policy Project is designed to address the need for policy research and capacity building and to ensure that Nigerian institutions are equipped to respond effectively to increase capacity, knowledge and information needs of the policy makers.
He explained that the initiative was a joint effort between the Michigan State University (MSU), International Food Policy Research Institute (IFPRI), and Nigeria Strategy Support Programme (NSSP) funded by USAID-Nigeria.
Mavrotas said that the initiative has three main objectives, which include strengthening of the national capacity for greater evidence based policy process in agriculture.
Others are to promote and foster informed policy dialogue among stakeholders and support government efforts to improve their capacities to plan and implement effective research and policy analyses.
He noted that the project would undertake three components that would enhance Nigeria’s policy capacity; fill the knowledge gaps in the policy process and improve policy dialogue process to achieve its objectives.
The Chief of the Project said that the project is taking a robust approach to enhance skills, training and institutional capacities for meeting the demands for policy analysis by the Federal Ministry of Agriculture and Rural Development (FMARD), IFPRI and MSU.
He added that the components would also include policy driven collaborative research analysis to strengthen local capacities and dialogue by undertaking policy research and analysis.
Mavrotas, however, added that the component would ensure that the project address policy impact through increased and targeted policy communications.
He said the move has become imperative because Nigerian agriculture policymaking has evolved and the capacity to make and implement policy has improved overtime.
Mavrotas, however, noted that the shortfalls in human and institutional capacity remain and this has limited the potential to support the efforts of the FMARD in policies and programme implementations.
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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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