Business
AFAN Solicits Support For Young Farmers
The All Farmers Association of Nigeria (AFAN) in Osun State, has called on the state government to provide loan facilities that will encourage youths to go into farming.
The AFAN President in the state, Alhaji Raheem Adeniji, made the call in an interview with newsmen in Osogbo, Thursday.
“If government provides farmers with agric loans, youths will be encouraged to join the business of agriculture because agriculture is a business.
“Nobody or youth will want to venture into agro-business when they don’t have government support or loans,’’ he said.
Adeniji said AFAN in the state was helping to build the youth chapter of the association by telling young farmers to group themselves into cooperatives.
He said by forming cooperatives, they would stand a better chance of having access to agric and farming loans that would help boost agricultural production in the state.
Adenji, however, lauded the efforts and support of both the state and Federal Governments toward improving farming business in the state and boosting agricultural production.
He said the state government had cleared lands for farmers in the state free of charge and also promised to provide loans, while the Federal Government had been providing chemicals and fertilisers.
He said heavy burden had been lifted off the shoulders of farmers because many could not afford the cost of farmland clearing.
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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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