Business
Plateau To Establish Fertiliser Plant
The Plateau Government will soon set up a fertiliser plant as part of efforts to boost agricultural activities in the state, Mr. Steven Barko, the state Commissioner for Agriculture, has disclosed.
Barko said in Jos on Tuesday that the idea was to ensure adequate and timely supply of the input to farmers to boost yields.
“Plateau has 1.9 million farmers who require an average of 10 million bags of fertiliser every year. We are building a fertiliser plant to meet the demands of these farmers.
“If we establish our own fertiliser company, we shall have adequate agricultural input to support our various agricultural programmes.”
He said that a study had confirmed that there would be adequate market for the commodity.
He noted that fertiliser had always been scarce and expensive due to the fact that it was imported and transported from distant places.
The commissioner said that the foundation stone for the plant had been laid at Foron in Barkin-Ladi, adding that the government would require 300 million euro to fully pay for the machines being shipped in from The Netherlands.
“We expect our officials to travel to The Netherlands to ascertain the position of the machines.
“We also expect that the machine handlers from that country will be here to train people on how to handle the machines for maximum output long after they are gone.’’
Barko said that plant, when completed, would have installed production capacity of seven million bags of fertiliser, adding that the development would ease the current fertiliser shortage.
On other efforts to boost agricultural yields, he said that the government had spent more than N10 billion on various agricultural programmes to boost the quantity and quality of yields.
“The sole goal is to make agriculture profitable and attractive to the younger generation. Our surveys have revealed that the sector has been left to old people and we are out to change that.’’
Business
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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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