Business
Expert Makes Case For GMO Foods
An agricultural expert, Mr Emmanuel Ijewere says embracing Genetically Modified Organisms (GMO) foods would increase sufficiency, security and rescue the rural poor from the pangs of hunger.
Ijewere, who is the Coordinator, Nigeria Agribusiness Group, spoke in an interview with newsmen in Lagos.
He said in spite of the criticism that trailed the introduction of GMO foods into Nigeria’s foods and farming system, GMOs were not new crops invented by scientists.
According to him, GMO is the same conventional crops that were improved on to tackle persistent issues such as shortage of food and insect infestation on crops.
He said that these foods would not only be produced in more quantity, but could also have a longer shelf life with less labour and natural materials (water, soil, and energy) to produce.
“As far as I am concern, a hungry person does not worry too much about the quality of food as long as food is available, he has a choice.
“My take on Genetically Modified foods is that if countries like United States are eating it and have not banned it, it must be reasonably good for us too.
“No doubt that non-GMO foods are more nutritious, but without the GMO, we cannot feed many people.
“When we say we want to go solely into organic foods, then it means that many Nigerians will not have food to eat or a percentage of Nigerians will have food to eat.
“The other percentage will not have food to eat, that is basically the situation we will find ourselves,” he said.
Ijewere who is an experence of the Institute of Chartered Acountants of Nigeria (ICAN) said that it was premature to start talking about banning of GMO foods in Nigeria when the problem of food insufficiently had not been addressed.
‘“The most important thing is to consider the economic and political reasons rather than the health or medical reasons behind GMO foods.
“There have been no traces of any disease caused by the consumption of GMO diets, to justify the claims.
“Most of the foods that Nigerians eat abroad are GMO foods and there had not been complaints. So, why do we want to draw the line?
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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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