Business
Food: Body Tasks African Countries On Research Funds
African countries south
of the Sahara will need to double investment in agricultural research and development to feed their population, researchers at the Washington-based International Food Policy Research Institute (IFPRI) have said.
A statement issued by IFPRI and made available to The Tide in Abuja said the required double effort was necessary if ambitious UN and AU targets are to be achieved.
“It is critical that African countries invest more in agricultural research to ensure that they can feed their populations.
“Underinvestment, inadequate human resource capacity, poor research infrastructure, and a lack of coherent policies continue to constrain the quantity and quality of research outputs in many countries.’’
According to the statement, a very large number of senior researchers are approaching retirement.
It said female scientists remained under represented in agricultural research in spite of the fact that they are in a position to address the challenges facing African farmers, the majority of whom are female.
It also said donor dependency and funding volatility remained critical in many countries, adding that African governments and research agencies were limited in their choice of options to address the challenges.
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.
Business
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