Business
Director Scores Agric Transformation Agenda High
The Director, Plateau Field Station, Federal Ministry of Agriculture and Rural Development, Mr Daniel Kakwi, Tuesday said that the Federal Government’s Agricultural Transformation Agenda was transforming the sector.
Kakwi told newsmen in Jos that the agenda was already turning the face of the agriculture sector through public-private partnership.
He said that 20 million tonnes of food was projected to be added to the country’s domestic food supply in 2015 in order to ensure national food security.
“When the agriculture transformation agenda was introduced, we informed the country that we will add 20 million tonnes of food to our domestic food supply by 2015.
“Today, I am happy to tell you that from our efforts this year alone, we are adding 8.1 million tonnes of food such as maize, rice, cassava, and sorghum.
“That is 41 per cent of the total target achieved in the first year. We will continue to work hard,’’ the director said.
Kakwi explained that the ministry, in partnership with state governments, had been working hard to raise food production.
He said that since the roll out of the Growth Enhancement Support (GES) in June, 1.2 million farmers had been reached with improved seeds and fertiliser, using the e-wallet system.
According to him, 67,000 tonnes of maize seeds have been distributed to farmers across the country.
He noted that the seedlings were planted on 3.5 million hectares of land with estimated production of seven million tonnes of food.
As part of measures to encourage commercial agriculture, Kakwi said that the ministry had provided free cotton seeds for farmers across the Northern states.
He said that the ministry targeted to plant 75,000 hectares of cotton this year.
“We are currently distributing free 30 million cassava stems and 114 million cocoa seedlings to farmers.
“Also being distributed is nine million oil palm seedlings to revamp our oil production.
“The Federal Government has strongly supported the farmers overtime and it will continue to do so through its transformation agenda.
“As the government deals with the issue of flood, we must remember that the Agricultural Transformation Agenda is working; and working very well,’’ he said.
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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