Business
ANLCA Battles Rice Millers Over Importation
Worried by reports credited to big importers under the aegis of Rice Millers Association of Nigeria that rice imports from the Seme boarder are smuggled items, chairman of the Seme border chapter of Association of Nigerian Licensed Customs Agents (ANLCA), Patrick Ozobialu, has described rice millers as monopolists, who are not comfortable with the stable cost of the product in the market.
According to him, all rice he imports from Seme border are legitimate and duties duly paid on them, disclosing that smuggling is a global menace which Nigeria is not excluded from.
He said, however, that the Seme border has large concentration of the nations security agencies, making the border a rare place for very serious crime.
He said liberalisation of rice imports has gone a long way to eliminate smuggling of the item around the border, saying that the smallest importers can import as small as 10 bags pay his duty and he takes good to the market even as he added that liberalisation of importation of the product is fetching the federal government lots of revenue from customs duties which would have gone to smugglers before now.
While urging Nigerians to change the mentality of assuming that all rice cargo coming in from Seme border were smuggled, he said, the cause of the worry of the monopolists is the government policy liberalising importation of rice which has made it impossible for them to apply any of their antics to continue to rip-off Nigerians.
“All they went is to deceive the government to ban importation of the product from Seme border so that they could continue to manipulate the cost of the items in the market. They are the same people that we are not sure they can afford to use their big money to tempt the custom officers and the nation loses billions of naira as a result of the activities of these monopolists. What is wrong with anybody who can import allowed to import? He queried.
“Let those people who claim that they are milling rice show it, if they can mill enough rice for the nation let them show it. I think time has come for Nigerians to call the bluff of these pretenders who hid under the guise of one manufacturing group or the other to get government to ban the importation of one product or the other only for them to turn around to become sole importers. It is a fraud and it is unfair to the people of this country”, he stressed.
He said since Nigeria has not started to produce enough of the food-stuff, the policy is the best for the country to avoid unnecessary loses of revenues. “ It is like the issue of second-hand clothing that is banned but its sold at every nook and cranny of the country and is worn by almost all and sundry. So what is the sense in the ban”. Only the economy loses because the duty is not being paid to the coffers of government”, he said.
Business
Agency Gives Insight Into Its Inspection, Monitoring Operations
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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