Business
‘Reduction In Smuggling Of Poultry Products Will Create 3.5m Jobs’
The Poultry Association of Nigeria (PAN) has said that 30 per cent reduction in the smuggling of poultry products into the country would create 3.5 million jobs within the next 12-months.
The National President of the association, Dr Ayoola Oduntan, made this known at a news conference on Wednesday in Abuja.
He said the poultry industry was being serviced by multiple industries; adding that in production of animal protein, maize, palm kernel, limestone, soybeans were needed to grow the birds.
“All these industries contribute to the poultry industry; maize for instance, the poultry industry consumes two million tonnes per annum.
“A 30 per cent reduction in smuggling will require additional two million tonnes to be produced by 500,000 farmers.
“Potentially, a 30 per cent reduction in smuggling will create 3.5 million jobs in the maize industry alone in the next 12 months.
“These exclude the jobs in soybean, palm kernel industries and in the transportation sector,” he said.
According to Oduntan, Nigeria’s total poultry consumption is put at 1.5 million tonnes per annum.
He said 300,000 tonnes is produced locally and the difference of about 1.2 million tonnes valued at three billion dollars comes in illegally.
He said some distinguished scholars from Nigerian universities conducted a study and discovered that high toxic chemicals are used to preserve smuggled chickens.
The president said they also discovered high level of bacteria in smuggled chickens as the smugglers could not sustain the cooling chain.
According to him, this is largely responsible for kidney diseases, cancer and other food borne diseases like typhoid.
He said consumption of smuggled poultry products should be discouraged at either family or public level as it could lead to serious health hazards.
Business
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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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