Business
Lagos Establishes Cassava Flour Mill
The Lagos State Government has established a cassava processing factory with the capacity to process 64 tonnes of cassava into high quality flour daily.
The Commissioner for Agriculture and Co-operatives, Mr Gbolahan Lawal, said this in an interview with newsmen last Saturday in Lagos.
He said that the mill located at Epe was established to increase the supply of cassava flour in line with the Federal Government‘s policy of 20 per cent cassava flour inclusion in bread.
“About 65 per cent of flour mills in the country are located in Lagos; none of them is meeting the 20 per cent cassava inclusion in the flour for bread because of inadequate supply.
“I think what they have achieved is about three per cent or less.
“So, apart from keying into the cassava bread policy, we established this mill to increase supply and create jobs.
“The cassava processing factory has so far generated no fewer than 600 direct and indirect jobs for our people, and we intend to generate more as we scale up the capacity in the future,’’ he said.
The commissioner said that cassava farmers had a ready market in the mill as their harvests were taken up to be processed into flour and other cassava derivatives such as ‘garri’.
He dismissed the fear that the establishment of the mill would affect the supply of ‘garri’ and other cassava derivatives.
“We are supporting cassava farmers‘ clusters across the state with all they need to improve production under our AGOA programme.
“I can say we are happy with all the improvements.
“The mill, though designed mainly to produce cassava flour, has the capacity to produce garri, starch and other cassava derivatives.
“As we produce cassava flour for bread, we are producing more garri and starch. Nothing suffers.
“The whole thing is to enrich the cassava value chain and boost food security,‘’ he said.
Business
Agency Gives Insight Into Its Inspection, Monitoring Operations
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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