Business
Director Solicits Collective Efforts On Rural Infrastructure
Director, in the Federal Ministry of Agriculture and Rural Development, Mr Akeju Mudasiru, has urged the federal, state and local governments to invest in the construction of rural roads.
Mudasiru, made the call in an interview with newsmen in Abuja, recently.
He stressed that the construction of roads and the provision of infrastructure for rural dwellers should not be the responsibility of the Federal Government alone, adding that the other tiers of government should be involved in the venture as well.
”Nigerians believe that the Federal Government should fund all the development projects that have to do with rural areas.
”This is not supposed to be so; the provision of infrastructure for rural dwellers should not be the sole responsibility of the Federal Government alone; all the three levels of government should be involved.
”The local government is, however, supposed to play a major role when it comes to rural community development projects,’’ he said.
However, Mudasiru said that his department had executed projects in about 250 rural communities which were selected from the six geopolitical zones of the country.
”Over the years, the people in the rural space have been deprived or neglected, in terms of provision of basic infrastructure.
”The infrastructural requirement to sustain the rural area is not as expensive as what is needed for urban development.
”That is why the government needs to pay critical attention to address the concerns of the rural areas by providing infrastructure that will support and enhance the people’s livelihoods.
”We provide such communities with rural roads to enable them to transport their farm produce to markets.
”Most times, these farmers do not get value for their crops because when they transport their produce to the market and the crops are not properly priced, they find it difficult to take them back home.
”We will provide potable water and set up markets for them to sell their farm produce or construct roads that would link them to urban centres for easy accessibility,’’ he said.
Mudasiru urged the rural communities to initiate efforts to properly maintain the infrastructure which Federal Government had provided for them, adding that the government had invested a lot of resources on them.
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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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