Business
Cassava Bread Out Soon
Cassava bread would soon be in adequate supply, the Minister of Agriculture and Rural Development, Dr Akinwumi Adesina, has said in Abuja.
Adesina said that his optimism was based on the fact that government, in collaboration with the private sector, had started the training of master bakers to make them use the composite cassava flour.
The training is being carried out with support from the Cassava Bread Development Fund provided by the Federal Government.
Adesina said the challenge of local production of enzymes needed to make the cassava flour more attractive was also being addressed as a Nigerian company was working with a South African counterpart to produce the enzyme locally stressing that Nigeria currently imports the enzyme from South Africa.
“On the use of enzymes, the minister said you need to add what they call cassava enhancers to make the bread to rise and that is produced in South Africa and we’ve been importing it from South Africa.
“But we have put in place a plan; we are working right now with a company in Nigeria that is working with the South African company to produce the enzymes locally which means we are creating new jobs by doing that here for ourselves.’’
Dr. Adesina expressed optimism that Nigeria, the world’s largest cassava producer, could also become a leading processor of the crop.
The minister argued that since most African countries could not sustain their expenditure profile on wheat importation, they would ultimately resort to cassava flour, thereby making Nigeria a potential exporter of cassava products.
He explained that with the introduction of the 20 per cent inclusion of cassava flour into wheat flour for bread making, Nigeria had shown that cassava bread was marketable.
Adesina noted that this would help to create more jobs for the unemployed in the country while keeping the population healthier by eating cassava bread.
“Nigeria must be known to be a major player in what it is the largest producer of in the world. “We cannot be dependent on other people selling us wheat when we should be mixing it with our own cassava flour and making our farmers to make money. “That policy alone, to substitute at 20 per cent, will earn farmers in this country and processors N254 billion every year of money that we will save and put back into our rural communities.”
The minister said that the ministry was also working on how to get compact milling systems that could mix the composite flour into a standardised pre-mix that could be sold to the master bakers.
Adesina said that plans were underway to import700 compact mills fro cassava processing through the private sector.
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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