Business
We Can Meet Nation’s Local Fish Consumption Needs – Trawlers

Area Controller, Federal Operations Unit (FOU), Zone C, Nigeria Customs Service, Mr David Dimka, briefing newsmen on dangers of smuggling to the Nigerian economy, in Benin last Friday. Photo: NAN
Mr Akinsola Amire, President, Nigerian Trawlers Owners Association (NTOA), Mr. Akinsola Amire has said the fishing industry had the capability to meet the nation’s local fish consumption needs.
Amire, who made the assertion in an interview with newsmen in Lagos, on Friday said that if local production of fish was well managed the quantum of importation would go down.
“As at now, the nation’s local fish consumption needs is about 2.5 million metric tonnes out of which the fishing industry contributes 700, 000 metric tonnes.
“We still have substantial gaps which can be met by local production through both capture and culture farming.
“If the government organises the industry very well, we will be exporting fish both from capture and culture farming,’’ he said.
Amire said that for a long time, nobody believed that catfish could be cultured in tanks but with technology it had been perfected in Nigeria.
He said that even some fishing experts from South Africa had come to Nigeria to learn that technology.
According to him, all the fishes captured by trawler owners are not exported but sold locally.
He, however, said that if the fish value chain was well organised and supervised, value added products could be exported to earn foreign exchange for the nation.
The NTOA president said that this would not prevent anyone from importing fish as consumers would appreciate the difference in terms of health benefits and taste.
He said that value added products like processing and smoked fishes could be exported as well as meet local consumption needs.
Amire said that the government should leverage on the foreign exchange earning potential of the industry to do the right things first for the industry.
According to him, uncertainty towards fishing terminals for the trawlers owners does not give room for the operators to have a long term plan to move the industry forward.
Amire said that favourable environment would encourage some of its members who had stopped fishing to get back to business.
He said that without fishing terminals, the operators still in business could not increase their flight as there would be nowhere to anchor them.
Amire said that the same lack of fish terminal contributed to the operators having fish cold rooms and processing centres outside the ports.
According to him, these do not make it easy even for the government agencies to take adequate data of what is happening in the industry.
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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