Business
FG Removes Import Duty On Agric Equipment
The Federal Government has removed duty on agricultural equipment as part of measures to diversify the country’s economy, the Comptroller-General of Nigeria Customs Service, Alhaji Abdullahi Dikko has said.
Dikko disclosed this in an interview with newsmen in Abuja, recently.
He said that the gesture would assist to boost local agricultural production, generate employment and reduce youth restiveness in the country.
Dikko said that government was moving towards agriculture to help grow the country economically and politically, adding that “agriculture is one of the back bones of any economy’’.
“We have realised that we have to face the reality of time. Agriculture is a back bone of any economy. We are now moving towards agriculture.
“The President has removed all import duty on agriculture equipment and we try to patronise goods that are being manufactured in Nigeria to boost our own production, create more employment opportunities and reduce restiveness, so that, at least, the country will have peace and we will move politically and economically.’’
On the World Customs Regional Staff College opened in Gwagwalada, Abuja, Dikko said that the first batch of customs officers would commence training at the college in January.
The college was inaugurated in December 2011 by President Goodluck Jonathan during the World Customs Organisation Policy Commission meeting held in Nigeria.
The CGC said that the training would start with the comptrollers, adding that all the facilities provided in the College would be fully utilised and maintained.
“The staff college is going to be fully utilised; we are going to be sending our officers to be well-acquainted with modern techniques and activities of the world customs.
“I assure you, and I assure Nigerians, that structure that they saw is going to be fully utilised.’’
According to him, accountability, good ethics and good governance will be taught at the college as part of measures to tackle the issue of bottlenecks in the service.
He said that the officers would also be exposed to modern skills in tariff evaluation, rule of origin, among others.
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.
