Business
Kano Wheat Farmers To Establish Flour Mills
The Wheat Farmers As
sociation of Nigeria (WFAN) in Kano State is set to establish a Flour Mills Company in Kano, Chairman of the association in the state, Alhaji Faruk Rabiu has said.
He disclosed to newsmen in Kano recently that already, the Federal Government had approved the project.
He said the Minister of Agriculture and Rural Development, Mr Audu Ogbeh, conveyed Federal Government’s approval to the association when visited the state during the 41st National Council on Agriculture and Rural Development Meeting.
He explained that the Federal Government would provide the Standard Compact Floor Milling Machine to the association at a subsidised cost of N50 million.
According to him, the state has promised to give the association N50 million interest-free loan, to enable it pay for the machine.
“The Federal Government procured the machine at the cost of N100 million but will give us at subsidised rate of 50 per cent”, he said.
He said the minister of Agriculture and Rural Development, Mr Audu Ogbeh had promised to deliver the machine in Kano next week.
“The Minister has promised us that the machine will be brought to Kano next week.
“As soon as it arrives, we shall commence the process of installing, as well as test running it”, Rabi’u said.
The chairman said the decision to establish the factory was informed by the desire of the association to boost wheat production in the state.
“We will take the excess commodity to the flour mill factory and when the flour is produced, we take same to the market “, he said.
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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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