Business
Fishermen Bemoan Incursion Of Foreign Fishing Trawlers
Local fishermen operating along the Atlantic coastline in Bayelsa State have alleged that foreign fishing trawlers encroach into the exclusive fishing territory reserved by law for local fishermen.
The fishermen, under the auspices of Odioama Kingdom Coastal Fishing Association, said the activities of the industrial fishing trawlers had been a threat to their trade since 2014.
The Chairman, Mr Wapaemi Michael, expressed the concern in an interview with newsmen in Yenagoa yesterday.
Michael called on the Federal Government to come to their aid to enable them to remain in business.
According to him, the trawlers are mostly operated by foreigners with armed escorts to ward off the local fishermen.
He noted that existing laws reserved six nautical miles from the shoreline to the high sea exclusively for traditional fishing activities.
The chairman claimed that those using the “invading trawlers” were in the habit of firing gun shots whenever the local fishermen complained against the incursion.
He alleged that armed escorts on board a red-coloured trawler, identified as Star Shrimpers XXIX, shot at a local fishing boat on Sept. 27 at a location within the exclusive territory.
Michael said the incident occurred off the beach between Santa Barbara and St. Nicholas Rivers in Bayelsa.
He said the trawlers destroyed the fishing nets and other accessories of members of the association in broad daylight, adding that the attack had become so frequent.
Michael said that the local fishermen who used paddled canoes, nets and hooks, lacked the resources to get into the deep sea to compete with the trawlers.
He also complained that the encroachment of the trawlers was destructive because they caught all sizes of fishes including fingerlings in the reserved territory.
Michael said that this had resulted in overfishing, wiping of generations of fishes and reduction in their catch.
He urged the Federal Government to take urgent action, saying “we want to make it absolutely clear that we do not go beyond six nautical miles off the shore.
“We believe there is a legislation restricting trawlers from coming close to the shoreline. Why then is this law always violated by these trawlers with impunity?
“Are the operators of these trawlers above the law of this country? We have been quite for a long time.
“Remaining quiet in the face of current economic realities means death and ending traditional fishing in this country hence our appeal and cry for
Enoch Epelle
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.
