Business
FG To Ban Fish Importation
The Minister of Agriculture and Rural Development, Dr Akinwumi Adesina, said that the Federal Government may soon place a total ban on the importation of fish and other aquatic consumables.
Dr Adesina said this in Ado-Ekiti at the launch of the Special Growth Enhancement Support (GES) scheme for Fisheries and Aquaculture value chain, last Tuesday
He, however, said that the ban would be imposed, only if arrangements being put in place by the government to that effect worked as planned.
The minister, represented at the occasion by the Federal Director of Fisheries, Mrs. Foluke Areola, stressed that Nigeria had no business importing fish given its huge natural and renewable resources.
He said it was in view of this that the ministry was promoting increased fish production through the Aquaculture Value Chain.
This is in pursuance of the goal of the Agricultural Transformation Agenda (ATA), he said
“The Value Chains are to create an enabling environment for increased and sustainable production of over one million tonnes of fish within the next four years, generate employment and pursue gradual reduction of fish imports.”
Dr Adesina said the Aquaculture Value Chain, under the four- year implementation plan, would increase the annual production of fingerlings in the country by 1.25 billion tonnes.
He said it would also produce 400,000 tonnes of fish feed, generate additional 250,000 tonnes of table fish and 100,000 tonnes of Value Added fish products.
“Fish farming is a business venture with lots of potential investment opportunities and a veritable tool for increased fish production, poverty alleviation and sustainable livelihoods.”
The minister noted that the Aquaculture Value Chain had already been included in the Growth Enhancement Support (GES) scheme for 2013.
Under the scheme, inputs such as fish and other sea foods would be distributed to many Nigerian fish farmers, he said.
The minister commended President Goodluck Jonathan’s initiative in transforming agriculture into a serious business venture as well as in ensuring adequate food security for Nigerians.
He announced that in an effort by government to protect local fish farmers operating in the country, measures had been put in place to curb illegal importation of fish.
Dr Adesina said that the ministry was collaborating with officers and men of the Nigeria Customs Service in this regard, adding that the Federal Department of Fisheries had also been directed to ensure that the stoppage of importation of the banned fish inputs.
In his speech, Gov. Kayode Fayemi, who was represented by the Secretary to the State Government, Alhaji Ganiyu Owolabi, thanked the Federal Government for its benevolence.
He said the state government would support its policies and programmes on agriculture.
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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.
