Business
Agro Producers Want Ban On Food Imports
The Association of Small Scale Agro-Producers in Nigeria (ASSAPIN), has called on the Federal Government to put in place measures that would discourage food importation.
The National Vice-President of the association, Mr Joshua Mabinuori, made the call in an interview with newsmen yesterday in Ijebu-Ode, Ogun State.
“It is important for Nigeria to feed herself. It is not negotiable. I think it is important that we put in place measures that would prevent food importation into this country.’’
Mabinuori said it was regrettable that government spent billions of naira to import food on a yearly basis, describing the expenditure as a colossal waste.
He added that the money could have been used to fund development projects in the agriculture sector.
Mabinuori averred that the country was blessed with abundant natural resources to boost food production and that government could launch the country on the path of greatness if it could give agriculture the attention it deserved.
“We have the climatic advantages, adequate rainfall, solar radiation; our soil is quite sustainable. How to coordinate these factors to bring out food security is the major problem in the country.
“If half of what government is spending on importation can be invested into agriculture, the result will be massive. It is unfortunate that government is not looking in that direction.
“As a matter of fact, there is food insecurity in the country. We don’t have enough food in the country and the best way to urgently address this problem is for government at all levels, to give priority to agriculture.
“Once government fails in agriculture, there is no how other sectors can survive because agriculture is the first contact with nature.”
The ASSAPIN boss, however, noted that one of the ways by which government could discourage food import was to encourage indigenous production of food through price subsidy for farmers.
“Government should buy this locally produced food from farmers at reasonable prices and push it to the market at a lower price.
“By doing this, people will be encouraged to buy and farmers will be able to sustain the business of food production and by extension, guarantee food security.”
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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.
