Business
Food Experts Want Law To Standardise Industry
The Nigerian Institute of Food Science and Technology (NIFST) has urged the government to sign into law the Nigeria Food Science and Technology bill for standardisation of the industry and products.
The National President of the institute, Dr Chijioke Osuji, made the appeal in an interview with The Tide source on Wednesday in Lagos.
He said the bill if passed into law would create opportunity for the establishment of spices industry which would be run by professionals.
“There is an urgent need for the country to put in place a legal framework to regulate the training and practice of food science and technology profession.
“If the bill is passed into law, establishing industries for spices will be easier because they will not operate without having professionals for quality and proper processing,’’ Osuji said.
He also said that the bill when passed into law would regulate the practice, code and conduct of the professionals and spell out who is qualified to be in food technology business.
“This will enable the definition and the upholding of professional standards of competence, integrity and ethical behaviour among practitioners in line with international best practices,’’ he said.
The NIFST national president called for synergy among stakeholders in the food value chain, saying that it would aid in the growth of the industry.
He said that what existed in the industry among stakeholders was a voluntary involvement and that it would become a mandatory involvement when there is a law in place.
NIFST is the professional body representing food scientists and technologists that strive to promote food security in Nigeria.
They also promote the development and application of science and technology to every aspect of Food.
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
AFAN Unveils Plans To Boost Food Production In 2026
-
Politics5 days agoEFCC Alleges Blackmail Plot By Opposition Politicians
-
Business5 days ago
AFAN Unveils Plans To Boost Food Production In 2026
-
Sports5 days agoJ And T Dynasty Set To Move Players To Europe
-
Politics5 days ago
Datti Baba-Ahmed Reaffirms Loyalty To LP, Forecloses Joining ADC
-
Business5 days ago
Industrialism, Agriculture To End Food Imports, ex-AfDB Adviser Tells FG
-
Politics5 days ago
Bayelsa APC Endorses Tinubu For Second Term
-
Business5 days ago
Cashew Industry Can Generate $10bn Annually- Association
-
Entertainment5 days agoAdekunle Gold, Simi Welcome Twin Babies
