Business
Fadama Disburses N80m To Gokana Farmers
The Rivers State Fadama Project Co-ordinator, Prince Kingsley Amadi, says a total of N80 million has been disbursed to farmers in Gokana Local Government Area from 2009 till date.
Amadi disclosed this while handing over a cheque of N2,004, 300 million to 14 Fadama community Group (FCG) in Bua-Yegha, Gokana LGA, during the inauguration of Yeghe/Gbebeyaagoro Fadama 20 tons cold room at Bua-Yeghe among other recently.
He said that Fadama was a Federal Government agricultural project assisted by the World Bank, with a view to assisting the rural dwellers increase their income, boost productivity, reduce poverty among the people and create jobs in the community.
The state project co-ordinator, said since 2009, the programme has improved agriculture in the state and has disbursed the sum of N526 million to the various Fadama community Groups across the respective local government areas of the state.
He extolled the magnanimity of the Rivers State Governor, Rt Hon Chibuike Amaechi for the encouragement through the payment of the state Counterpart funding for 2013 and commended the Gokana Council Chairman, Hon Demua Ledee Demue for collaborating with the programme and the people to boost agriculture in the area.
Amadi disclosed that the World Bank has extended the programmme to two years due to the visible success recorded, saying that the hope of Fadama lies on the federated groups and urged them to sustain it at the end of the programme.
Gokana Council chairman, represented by the vice chairman, Hon Bright Kpea commended Rivers Fadama project, noting that the council would continue to support and encourage farmers in the area as well as partner with Fadama to boost agriculture in Gokana.
Earlier in an address jointly signed by the chairman of Bua-Yeghe FCA and the chairperson of Gbeneyaagoro FCA, read by Joseph Zizor, the communities thanked Fadama III for actualising the vision of the World Bank and federal goernent for the rural communities and hailed Gokana council boss for consolidating Fadama in the area.
He appealed that the cold room be connected to the national grid as well as provision of means of transporting the products and equipment, financial assistance and completion of the thre-sintallment payment for some of the Fadama Users Groups (FUGS).
Other areas commissioned include, Bera FCA 10 tons cold room, piaguguru poltry farm, FCA snall farm and Fodum Yeghe oil plam processing mill.
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.
