Business
River Basin Plans Irrigation For Rice Farming
Benin-Owena River Basin Development Authority says it will embark on land irrigation for rice farming in Delta.
Mr Charles Ovweigho, Manager, Asaba Area Office of the organisation, stated this in an interview with newsmen in Asaba.
Ovwigho said that 100 hectares of land, out of the 200 hectares earmarked for rice farming on Asaba-Illah Road, would be irrigated to enable the farmers to cultivate the commodity during the dry season.
He explained that the entire 200 hectares would be cultivated during the rainy season, adding that the 100 hectares for the irrigation would also be cultivated during the dry season.
He said contract for the irrigation was awarded in 2012 at N200 million, adding that the project was split into two units.
He said the cost of the irrigation in one unit included the installation of sprinkling system, electrical works and other accessories.
Ovwigho stated that the project was part of Federal Government’s strategies to ensure food security in the country.
“The whole essence of the irrigation is for the rice farmers to have the opportunity to cultivate rice in the dry season”, he said.
He said preparation of the 200 hectares would begin this month to enable planting to begin in May.
He also said that Federal Government would compensate persons whose farms were destroyed by the recent flooding “with improved rice seedlings and other inputs”.
“Most of the farmers were greatly impacted by the recent flooding and government has promised to assist them with the clearing of the land and with improved rice seedlings to enable them to go back to 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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