Business
Experts Want Food Preservation Facilities In Markets
Two public health experts
have urged all tiers of government to provide adequate monitoring systems and preservation facilities for food items in the markets to check rot, infestation and wastages.
Mr Tam Tamunokonbia, Lagos Zonal Coordinator, Consumer Protection Council (CPC) and Dr John Egbuta, a public health consultant and nutritionist, made the appeal in Lagos, yesterday.
They told newsmen that the appeal became imperative because of the prevalence and consumption of rotten foods in Lagos markets.
Tamunokonbia said that it was glaring that some Nigerians deliberately consume fake products because they were cheaper, ignoring the health or safety implications.
“Last year, we launched a campaign against buying fake or rotten products simply because they were cheaper.
“More than 60 per cent of Nigerians comfortably consume fake products, some of them intentionally, while some are not even aware they are harmful.
“From food, cosmetics products, building materials, spare parts, computers, insecticides, clothes, electrical equipment, cooking ingredients; the list is endless.
“So, many people are endangering their lives because the prices are cheap but it is still not an excuse.
“We campaign a lot for people to report dealers of fake products, and we also raid markets too, but because we do not have enough funds, we cannot do as much as we should,’’ he said.
Tamunokonbia appealed to the government to empower regulatory bodies to fight the influx of fake products because of the harm to the economy.
Egbuta said that the consumption of rotten food items could easily infect the body system with lots of bacteria responsible for strange diseases.
“Just like Lagos is doing with the processing and transporting of meat, state and local governments should also do the same for other food items.
“This will help preserve the food items and drastically reduce the consumption of such foods or those infested with flies.
“The three tiers of government should also encourage local manufacturing and packaging businesses to guard against it,’’ Egbuta said.
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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