Business
Cassava Production: UNIDO Urges Improvement
Dr Kandeh Yumkella, Director-General, UN Industrial Development Organisation (UNIDO), last week advised Nigeria to add value to cassava production to enhance industrial development.
He made the call when he paid a courtesy visit to the Minister of State for Commerce and Industry, Ms Josephine Tapgun, during his three days official visit to Nigeria.
The visits was a follow-up to the Africa Agri-Business and Agro-industries Conference held in Abuja in March.
Yumkella said Nigeria, being one of the largest producers of cassava in the world, consumes more than 90 per cent of it raw, rather than adding value to it.
“Nigeria was the highest producer of cassava in the world 10 year ago and even now, is still one of the largest producers, but more than 90 per cent of it is eaten raw,’’ he said.
Yumkella said Nigeria should emulate countries, such as Malaysia that produces large quantity of cassava, and manufactured products such as gum arabic, flour and ethanol for energy.
He noted that Nigeria was richly blessed in other agricultural products, such as groundnut, cocoa, coffee and meat products, which should be developed for industrialisation.
The UNIDO boss said that in the next 30 years, Nigeria’s population would increase to 300 million, and urged government to do everything to develop cassava to enable it to feed the people.
“Nigeria should advantage of the opportunities God has given it to feed its population,’’ he said.
Yumkella also called for the diversification of the country’s economy beyond oil and gas, while adding value to petroleum products on the downstream.
“Nigeria can be industrialised because it has the resources both financial and human,” he said.
Responding, Tapgun noted that energy was key, if the country must be industrialised.
She said government was doing everything possible to ensure that the challenge of power was effectively addressed, among other challenges.
The minister said the Council of Commerce and Industry had been given the mandate by government to ensure that Vision 20:2020 was workable for industrial development.
She also urged UNIDO to continue to support the ministry, both technically and financially, to ensure that its programmes for industrial development were successful.
Reports say that Yumkella, who inspected the ICT Centre, established by UNIDO in the ministry, gave certificates of completion on the use of computer and internet to the personnel who were trained in computer appreciation.
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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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