Business
FG To Resolve Food Exports Suspension To EU
The Federal Government says it is working to resolve the suspension of Nigeria’s dried beans exports to the European Union before the June deadline.
The Director-General of the National Biosafety Management Agency (NBMA), Mr Rufus Ebegba, said this in an interview with The Tide source yesterday in Abuja.
Ebegba said that relevant agencies of the federal government were working closely on the matter and would ensure that the anomaly was corrected before June.
It would be recalled that the EU announced an import suspension measure in June 2015, which affected dried beans from Nigeria.
Nigeria’s dried beans was said to contain high levels of pesticides which is dangerous to human health.
The EU’s suspension of Nigeria will lapse in June 2016, when the country is expected to provide “substantial guarantees that adequate official control systems have been put in place to ensure compliance with food law requirements’’.
Ebegba said he was aware that the Federal Ministry of Industry, Trade and Investment, and other relevant agencies, were working closely to resolve the issue before the deadline.
“The Federal Government is a very large family; however, everybody has to work together to ensure the Change Agenda of the present administration becomes a reality.
“I am optimistic that the country will enhance its productivity and correct the earlier mistakes that led to the ban,’’ he said.
Ebegba emphasised the need for collaboration between regulatory authorities and other stakeholders to put in place a quality control framework to enhance acceptability of the country’s agricultural exports in the international market.
He said it was the responsibility of the new agency, which is six months old, to educate Nigerians on modern biotechnology.
According to him, the NBMA will ensure safe practice of the Genetically Modified (GM) technology among farmers in the country.
“As a regulatory body, what we do is to ensure unbiased treatment and make sure that the new technology does not have any negative impact on humans and the environment.
“We are trying to convince Nigerians and farmers to embark on this new technology in order to boost our economy through agriculture.
“The agency through its sensitisation programmes organised seminars and workshops across the three geo-political zones even before the bill was passed into law to campaign for its passage and create awareness among farmers.
“We are working towards translating our handbills and pamphlets into the three major languages of Hausa, Igbo and Yoruba for easy understanding among rural farmers,’’ he said.
The NBMA also allayed the fears in some quarters that GM crops had adverse effects on human health.
Describing the fear about GM crops as unfounded, Ebegba advised Nigerians to embrace the technology which, he said, was safe and economically viable.
The director-general gave farmers the assurance that the NBMA would carry out risk assessments and analyses on GM seedlings to ensure that they were environmentally friendly and safe for consumption before they are released to them.
He also appealed to farmers to trust the decision of the NBMA and be rest assured that the agency would ensure safety in the practice of GM technology.
“The days of peasant farming are long gone; we are now looking to commercial farming that will help in generating more income for our farmers and the economy,’’ said Ebegba. =
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.
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