Business
IFAD Wants Vegetable Farmers To Improve Cropping Method
The International Fund
for Agricultural Development (IFAD), has advised vegetable farmers in Delta State to improve on their farming method to increase productivity.
A consultant to IFAD, Mr Paul Shoen, gave the advice at Oviri-Ogor in Ughelli North Local Government Area of Delta State in an interview with newsmen.
The consultant was in the town to inspect a vegetable farm owned by Emameya Multi-purpose Co-operative.
Scheon urged members of the cooperative who comprised only women, to use the knowledge they acquired from a technical training organised by IFAD to improve on vegetable cultivation.
He commended the women for their commitment, saying these “women are very enthusiastic in handling the vegetable farm project.
“I must also say that there is prospect here and the farmers are doing very well.”
Earlier, the President of the cooperative, Mrs Victoria Igben commended IFAD for granting them more than N500, 000 to support their farming activities.
She said that the cooperative had released N900, 000 take off loan to its members.
She said that income from the farm had assisted the women in catering for their families including payment of school fees of their children.
Igben, however, said that transportation of farm produce to markets was one of the major challenge facing the women.
She appealed for more funding to enable the co-operative expand on its 2.8 hectares of farm land.
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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