Business
Food Security: Expert Advocates Agric Biotechnology
The clamour for the adoption of agricultural biotechnology in Nigeria, has been re-echoed as agric expert, Engr. Patrick Ughwuegbulam has said that it will boost food production, help achieve national food security and ensure sustainability in the sector.
Engr. Ugwuegbulam, who stated this in an interview with The Tide on Friday in his office in Port Harcourt, recalled that the National Root Crops Research Institute (NRCRI), Umuedike in Abia State, had recorded positive results through the application of modern biotechnology on some crops.
“The use of biotechnology will be a success story in Nigeria because any technology that is tested globally and approved as suitable for human beings, can be applied in any part of the world. Nigeria’s case should not be different and I hope the country will not be left behind in the scheme of things”, he noted.
Ugwuegbulam who is an agric Engineer and Agricultural Consultant on Technical/Mechanical areas, disclosed that more than 3,500 farmers across the six geo-political zones of the country had benefited from NRCRI products, saying that the application of biotechnology enabled Nigeria to become the world largest producer of Cassava and Yam with production at about 33.1 million tones and 19 million tones annually, respectively.
According to him, “cassava production is now 33.1 million tones and yam 19 million tones annually. This track record which has placed Nigeria on the world map, was achieved through the application cost of yam, cassava, sweet potato and cocoyam.
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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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