Business
Provost Wants FG To Fund Agric Initiatives
The Provost, Federal
College of Agriculture, Ibadan, Dr Babajide Adelekan, yesterday urged the Federal Government to fund agricultural policies and initiatives to achieve national food sufficiency.
Adelekan made the call in an interview with newsmen in Ibadan.
The provost also stressed the need for the country to produce enough food to feed its large population as oil price had crashed.
“The good thing is that Nigeria is blessed with arable resources for food production. We have competent people to implement the policies and initiatives to boost food production.
“All we need is for the government to back up and fund the sector and encourage agricultural institutes and colleges to achieve their mandates,’’ he said.
On the activities of the college, Adelekan said the institute had trained youths, retirees and women as part of effort to produce manpower to boost agriculture.
“Apart from direct production of food and tools, we also provide services to people and groups.
“We offer our services to people who have farms but do not have production facilities; we process and harvest for them and they pay us,” he said.
He assured that the college would train more people this year as part of effort to achieve its mandate.
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.
