Business
Flood: AFAN Tasks FG, States On Farmers’ Compensation
The All Farmers Association of Nigeria (AFAN) has appealed to the federal and state governments to compensate farmers who are affected by flood in different states across the country.
The Vice-President of AFAN,Chief Daniel Okafor, made the call in an interview with newsmen in Abuja yesterday.
Okafor, who is also the National President of Potato Farmers Association of Nigeria (POFAN), lamented that many farms had been submerged by flood, while crops worth millions of naira were consequently destroyed.
He said that farmers in Delta, Anambra, Kogi, Niger states, among others, were badly affected by the flood, adding that the development would hinder food production in the states.
He noted that crops in many farms across the states were washed off by floods, causing the farmers to lose a lot of money.
He said that potato, cassava, fish and rice farmers were largely affected in the states.
“As we speak, some farmers and our members are dying because of frustration. Government should go to these places to assist and compensate them because they have lost a lot.
“The standard of living of farmers is decreasing. Some of the farmers have packed out from their houses, while others have abandoned their farms because of the havoc which the floods wreaked on the farms,’’ he said.
Okafor also appealed to the National Emergency Management Agency (NEMA) and the Nigerian Agricultural Insurance Corporation (NAIC) to live up to their expectations by coming to the aid of the afflicted farmers.
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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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