Business
NAFDAC Has Performed Beyond Expectation – Gov Suswam
Benue State Governor,
Gabriel Suswam, says the National Agency For Food and Drug Administration and Control (NAFDAC) has performed beyond the expectations of Nigerians.
Suswam said this recently in Makurdi while declaring open a one-day awareness/sensitisation workshop to promote export of semi-processed and processed NAFDAC regulated products in the North Central.
He said that the performance of NAFDAC had surpassed the expectations of many Nigerians who felt that the agency could not attain international recognition within a short period of time.
He said that the agency had forced the North central to re-discover their lost agricultural potentials by promoting export of value added agricultural products for economic purposes.
He commended the agency for providing an enabling environment for four Nigerian pharmaceutical companies to obtain World Health Organisation (WHO) license to export its product to abroad.
In an address, Director-General of NAFDAC Dr Paul Orhii,said the zone had great potentials in export commodities that would boost the nation’s economy.
Orhii said the people should embrace agriculture for the purpose of improving the economic fortunes of the country.
He disclosed that the agency’s Pesticides and Mycotoxin Laboratories were given accreditation by the American Association for Laboratory Accreditation (A2LA) for the testing of pesticides and mycotoxins.
He explained that the accreditation would increase consumers’ confidence and international acceptance of products exported from Nigeria.
He also said that the accreditation had improved revenue and speedy evaluation of regulated products for national and international markets.
Orhii said that the workshop would enlighten stakeholders on the regulatory requirements for export of NAFDAC regulated products in areas of production, processing and packaging of regulated products.
He said that the workshop would also provide the participants with the opportunity to discuss strategies that would ensure that our exports meet the standards of the importing countries.
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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