Business
Association Wants Nigerians To Adhere To Export Specifications
The Association of Nigerian Exporters has advised Nigerians to adhere to export specifications to avoid rejection of the country’s products.
Director-General of the association, Mr Joseph Idiong, gave the advice in an interview with newsmen in Abuja on Sunday.
“In export business, the exporter must produce or harness exportable products as per the specification of the buyer or the market like European or U.S.
“If the exporter does according to the specification, the products cannot be rejected.
“If the exporter just mobilises products from open market and exports, taking anything for granted, the person or country will pay the price of rejection and cost of repatriating the rejected products,’’ Idiong said.
According to him, for the agric sector, export farming is different from food subsidy farming.
He explained that for export farming, the person would start with soil testing, to ensure that soil acidity and quality meet the export market specification.
“Inputs like fertilizers, pesticides and herbicides are as per specification.
“Packaging must meet international market standards and transportation of agric products must meet best practice standard like containerising the trucks or airy packages and airy trucks.
Idiong said that public office holders could drive the people to produce for exports but less was done to let the people know what it could take to produce for export.
He said that Agric Ministries, Departments and Agencies were not expected to be export promoters or facilitators but promoters of best practice farming for national food subsidy.
According to him, export promotion or facilitation of products falls within the mandates of Ministry of Industry, Trade and Investment.
“It should be like a relay race that Ministry of Agriculture should do the needful and hand over the baton to Ministry of Industry, Trade and Investment and export associations like exporters to close the deal,’’ Idiong said.
He advised the Federal Government to train the farmers and exporters of exportable products on quality management for standards.
Nigeria, on June 29, began to export yams to Europe and the United States, as part of moves to diversify its oil dependent economy and earn much-needed foreign exchange.
Ogbeh said that “between 2016 and 2017, about 48 notifications were received from the EU on our export goods (nuts and seeds as well as fruits and vegetables) due to aflatoxin and many other contaminants, either biological or chemical’’.
Business
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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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