Business
Society Seeks 2m Hectares Of Land For Wheat Cultivation
The National President, Agricultural Society of Nigeria, Prof. Ibrahim Abubakar, has advocated allocation of more land for wheat cultivation in the potential growth areas.
Abubakar told newsmen on Thursday in Abuja that growing enough wheat for consumption would reduce the current import rate.
“The wheat production area for Nigeria today is less than 200 hectares but Nigeria has the potential for more than two million hectares.
“These states where wheat can be comfortably grown actually lie between latitude 10 to 14 degrees North, ranging from Kaduna to Borno to Yobe.
“With this vast land, we have no justification to say that Nigeria cannot feed itself and concerted efforts really have to be put into ensuring that we use all.
“If we can utilise 2 million hectares and with our average production of about four tonnes per hectare, we are going to get 8 million tonnes and our current requirement is 4 million tonnes.
“That means we can produce double of what we require and the surplus we export.”
He listed the states with potential for wheat cultivation to include Kaduna, Kano, Jigawa, Katsina, Zamfara, Sokoto, Kebbi, Bauchi, Gombe, Yobe, Adamawa and Borno.
Others for rain-fed wheat cultivation include Taraba, Plateau and Cross River states.
As at 2010, Nigeria was said to have spent 4 billion US dollars (approximately N635 billion) annually on wheat importation alone.
The consumption of wheat in Nigeria, especially for bread and other confectioneries is nearly 3.7 million metric tonnes annually.
Now, less than 100,000 metric tonnes of wheat is cultivated annually in the country.
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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.
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