Business
FG Earmarks 15,000 Hectares For Agric
The Federal Government
has mapped out 15,000 hectares of land in Kwali Area Council of the Federal Capital Territory (FCT), to encourage youth participation in agriculture.
The Minister of Agriculture, Chief Audu Ogbeh, announced this while speaking with newsmen in Abuja on Monday.
Ogbeh said the programme, which was a first step toward encouraging youth agriculture, would be implemented in partnership with the Aso Saving, a primary mortgage institution in the country.
According to him, the youth would engage in fish, poultry, livestock farming as well as grains production to boost food supply.
” We have a huge project in Kwali Council Area of FCT where we intend to launch a youth agriculture programme and we are going to inspect the land tomorrow.
“We are entering into partnership with Aso Savings to lease land out to young farmers, who are interested in farming.
“There are about 17 rivers and streams there which we will exploit to create lakes and facilities for irrigation farming.
“We shall develop the place into a small agricultural city providing accommodation, processing and security,” he said.
The minister said the programme would be replicated in other states of the federation to encourage youths and discourage rural-urban drift.
Ogbeh said that the ministry was collaborating with the Bank of Industry (BOI) and the Central Bank of Nigeria (CBN) to reduce interest rates on agric loan to nine per cent.
He advised young people to engage in agriculture in order to sustain and boost local food production and processing.
“The whole business of importation should be discouraged. We want to produce and eat fresh foods,” the minister said.
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.
