Business
Huge Investments In Agric Yet To Make Impact –Babangida
Governor Babangida Aliyu of Niger says with more than N460 billion invested in agriculture since the inception of the current administration, many Nigerians have yet to feel the impact.
He appealed to the Federal Government to appoint competent hands in the agriculture and water resources ministry to implement government policies.
The governor made the observations in an interview with News Agency of Nigeria (NAN) in Minna.
Babanginda said that efforts of government and other donor agencies to stimulate agriculture as a strategy for reduction of poverty and economic growth had yet to yield the desired result.
He said that the major part of the agricultural plan had not been implemented and all that the stakeholders had been seeking for was putting the agricultural sector right.
“At the National Economic Council, the Minister of Agriculture and Water Resources has come three times to tell us what they have for the nation, but up to this moment, there is nothing to show the way forward,’’he said.
Babangida, also Chairman, Northern Governors Forum, said what the governors were seeking for was the proper implementation of all the initiatives to make agriculture a business for investors.
The governor, stressed the need for government to renew its focus on agriculture and pay more attention to addressing the main challenges related to low productivity of small-holder farmers.
“Based on the current state of the rural farmers, it has become imperative for government to act and stop pilling up on unimplemented policies on agriculture,’’ he said.
The governor, therefore, called on Federal Government to appoint a competent hand, who could relate with the civil service as Minister of Agriculture and Water Resources ,for the job to be done.
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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.
