Business
Agency Alerts On Food Crisis
Mr Ray Offenheiser, President of Oxfam America, a food and agricultural organisation, has said that food crisis was imminent in West African region.
Offenheiser made the observation in a statement issued in Lagos last Thursday.
He said that he reached the conclusion at the end of his inspection of Oxfam programmes in West African sub-region when he saw that farmers in the region were not using modern implements.
According to him, many countries in West Africa are still practising subsistence agricultural systems that are not diversified.
“One of the things we have been concerned about has been food security all over the world and many countries in West Africa are vulnerable.
“There is potential for another food crisis similar to what we had in 2008 and we are beginning to see tensions around the world regarding food security,” he said.
Offenheiser said that Oxfam America was working together with local organisations in the sub-region to find solutions to these problems.
He said that Oxfam was thinking of a programme that would deal with price volatility and which would also be strategic enough to address perceived policy deficiencies and assist farmers.
The statement said that severe food shortages hit the Sahel region of West Africa in 2009 when 7.1 million people were affected in Niger alone.
The statement quoted Wendy Sherman, Chairman of Oxfam America, as saying that long-term sustenance and improvement of the living standards of the people were fundamental to ensuring food security.
She stresed the need to help farmers to diversify their agricultural practices to enhance their income streams and also reinforce their resilience against the vagaries of climate change.
Mr Souleymane Zeba, the West Africa Regional Director of Oxfam, said that West African farmers deserved strategic responses.
“This is because majority of the 300 million population of the region are farmers but produce far less than two per cent of Americans of equal population who are their counterparts.
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.
Business
AFAN Unveils Plans To Boost Food Production In 2026
-
Politics3 days agoEFCC Alleges Blackmail Plot By Opposition Politicians
-
Business3 days ago
AFAN Unveils Plans To Boost Food Production In 2026
-
Sports3 days agoJ And T Dynasty Set To Move Players To Europe
-
Business3 days ago
Industrialism, Agriculture To End Food Imports, ex-AfDB Adviser Tells FG
-
Politics3 days ago
Datti Baba-Ahmed Reaffirms Loyalty To LP, Forecloses Joining ADC
-
Politics3 days ago
Bayelsa APC Endorses Tinubu For Second Term
-
Business3 days ago
Cashew Industry Can Generate $10bn Annually- Association
-
Entertainment3 days agoAdekunle Gold, Simi Welcome Twin Babies
