Business
C’River Disburses N296m To Farmers
The Cross River Government has disbursed $1.8 million (about N295.8 million) to 141 commodity- interest groups in the state.
The state’s Commissioner for Agriculture and Natural Resources, Mr James Aniyom, told the
The Tide source in Calabar that the money was given to farming groups under the state’s Commercial Agriculture Development Programme.
He said that the disbursed funds represented 59 per cent of the total amount earmarked for commercial farmers in the state this year.
The commissio-ner disclosed that the agriculture programme was being supported by the World Bank, noting that its target was to develop and boost the production of cocoa, oil palm and rice.
Aniyom said that the programme had agriculture production, commercialisation and rural infrastructure as its major components “and will focus on technology demonstration, adoption and support for staple crop production system’’.
Other targets of the programme, the commissioner said, include market facilitation, capacity building, farm access, road network and rural energy.
He said that no fewer than 5,604 commercial farmers in the state, comprising 2,013 cocoa farmers, 1,773 oil palm farmers and 1,818 rice farmers were registered in the programme.
Aniyom stated that under the programme’s rural infrastructure development, some road projects valued at N527.64 million had been completed, adding that contract for the construction of additional roads had been awarded at a cost of N584 million.
The completed projects, he said, include the Ishibori-Ikaptang-Nkimkuk Road in Ogoja Local Government Area and the Effraya-Agbakim-Mgbabor Road in Etung Local Government Area.
“The new projects are the Alege-New Jerusalem Obudu, Ugep-Osokom Okundi in Boki, Mberebere-Uyi Efredem in Odukpani, Idukutega-Ogbudu Arukwa on Yala and Ejagokura-Ekimkok in Ikom.‘’
Aniyom explained that the roads were constructed to provide easy conveyance of goods by the farmers, saying that most of the farms were situated in rural areas.
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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