Business
FACAN Trains 49 Groups In Modern Agric
The Federation of Agricultural Commodity Associations of Nigeria (FACAN) says 49 agricultural groups in Sokoto State have been trained in modern production and marketing strategies.
The National Secretary of FACAN, Dr Bello Dogondaji, said this in an interview with newsmen in Sokoto, yesterday.
Dogondaji said that the association was making efforts to introduce the groups to modern strategies in crop production and marketing so as to boost their productivity.
He said that the groups were registered agricultural associations that produced a variety of items, dealers in agricultural produce, owners of agro-allied processing firms and industries, among others.
Dogondaji commended the Federal Government’s efforts to boost the country’s agricultural development, saying that over N200 billion had been saved via the reduction of rice importation alone.
He said that the association had been engaged in plans to boost the production and processing of Shea Butter and Neem seeds for industrial use.
“Various categories of farmers and other stakeholders in agricultural sector are being educated on modern techniques and the value chains of some produce for more gains,’’ he said.
Dogondaji lauded the Federal Government and the Sokoto State Government for organising a successful trade and investment conference in Sokoto last year, saying that it would fast-track the government’s efforts to diversify the economy through agriculture.
He said that the association made three-point submissions at the conference, which included the use of organic manure for cultivation as well as chemical fertilisers and other modern inputs.
He also said that the second submission was on the agreement with the Sokoto State Government on the sustainability of a commodity board so as to protect farmers against the manipulation of produce hoarders.
He said that the third submission was on production of woollen bags for packaging agricultural produce, instead of polythene bags.
Dogondaji, who noted that the woollen bags were currently imported for the time being, stressed the need for indigenous companies to produce the bag and make them available to farmers across the country.
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.
