Business
FG Seeks Bangladesh’s Support On Flood Resistant Seeds
The Federal Government has called for partnership with the People’s Republic of Bangladesh to develop flood resistant seed varieties to ensure food security in the country.
The Minister of State for Agriculture and Rural Development, Sen. Heineken Lokpobiri, made the call when the High Commissioner of Bangladesh, Mr Shameem Ahsan, visited him in Abuja yesterday.
Lokpobiri said that Bangladesh had made silent revolution in agriculture as a result of the country’s dedicated investment in research and technology.
The minister expressed regrets that although Nigeria had about 30 research institutes and Colleges of Agriculture, it had yet to achieve food security.
According to him, “food security is indeed the real security of any country.
“Nigeria is happy about this proposed partnership because of our common historic antecedents.
“When there is hunger, there is bound to be all sorts of social problems and most of the problems in Nigeria did not just start today.
“It is as a result of several years of neglect in investing on food security. Past governments did not invest in research, technology.
“We will be glad to strengthen our ties, we will partner with you to see how we can get improved seeds.’’
Earlier, Ahsan said the aim of his visit was to see possibilities of Bangladesh participating in the forthcoming Agri-Tech Expo in the country.
He said the proposed participation of that country was to ensure transference of experiences and expertise between the countries.
The high commissioner said that although Bangladesh was one of the most climate vulnerable countries, it had attained self-sufficiency in food production through improved technologies.
Ahsan noted that the country through its scientists had invented local seed varieties that could cope with climate change and water-logged areas.
“These seed varieties can withstand water logging and produce well. Nigeria plays a leadership role in Africa, we need closer cooperation with both countries so we can benefit mutually.
“We will be happy to attend the Agri-Tech Expo in Nigeria by November so that it will give us an opportunity to showcase our performances, achievements and expertise.’’
Business
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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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