Business
Expert Urges FG To Invest In Cassava Peel Processing
The Country Director, International Livestock Research Institute (ILRI), Dr Tunde Amole has advised the Federal Government to support and invest in cassava peel processing as an alternative to exorbitant fish feeds.
Amole gave the advice in an interview with newsmen in Abuja.
He said that investment in cassava peels processing would help save foreign exchange used for the importation of fish feeds.
The country director explained that the institute had tried the cassava peels mash on small ruminants like poultry birds, adding that it yielded positive result.
“One of the ways to solve the problems of fish feed is to look for cheap and alternative ingredient particularly to replace maize. Maize is the major challenge.
“We have been able to come up with a cassava peel mash.
“This is a product from a waste, cassava peel is a waste in Nigeria and by analysis, Nigeria generates over 14 metric tonnes of cassava peel every year and this is wasted.
“So we have been able to develop a process by which we can develop it fast to dry feed ingredient either for small ruminant, poultry or fish.
“Already, we are up-scaling it, supported by the USAID, AfDB and some other private sector.
“What I think the government can do is to support this initiative.
“If every cassava processing centre could have an extension where the peels will be processed into a feed ingredient, I think we will save a lot of dollars used in importing fish feed.
Amole said that the government and the private sector could also embrace other alternative and cheap sources of fish feed or fish feed ingredients to boost fish production across the country.
The country director said the institute had a pasture genetic component in Addis Ababa where foreign pasture species were being developed.
He explained that if the pasture genetic component which would guarantee availability of forages for large ruminants was introduced in Nigeria, it would help solve the crisis between farmers and herdsmen.
“As an organisation we also have a pasture genetic component which is based in Addis in Ethiopia where we look at developing pasture species that could also serve in solving this problem of Fulani crisis all over the world.
“When you have good pasture establishment, there is no reason for anybody to take his animal to go and graze on a crop farm.
“We will soon be promoting that in Nigeria,’’ the country director said.
Reports had it that the ILRI works to improve food security and reduce poverty in developing countries through research for better and more sustainable use of livestock.
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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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