Business
Firm Moves To Make Youth Agribusiness Entrepreneurs
Synergos Nigeria, an agriculture transformation supporting group, says its Farm Lab Initiative is designed to prepare youths between the ages of 18 and 35 years to become agribusiness entrepreneurs .
The Country Director of Synergos, Mr Adewale Ajadi, said this in an interview with newsmen in Abuja, Monday.
He said that the Farm Lab Initiative was implemented under the State Partnerships for Agriculture (SPA) project of Synergos, in conjunction with the Federal Ministry of Agriculture and Rural Development.
“SPA and ministry are organising an Agriculture Boot Camp on Livestock Farming to give interested young Nigerians between the ages 18 and 35 an opportunity to become agribusiness entrepreneurs at no cost.
“The policy intervention in this project is on livestock production and entrepreneurship education.
“Part of the challenges facing agriculture is how to secure the interest of young people in agriculture. How do we show them that agriculture is a viable means of getting employment and becoming an entrepreneur?
“The Youth Farm Lab Initiative is designed to target young persons in Ogun, Oyo and Lagos states,” he said.
Ajadi said that the programme would have about 150 youths, adding that it was designed to give the beneficiaries two-month training in goats, pigs and snails production via an entrepreneurial approach.
“There would be practical classes in Lagos, involving six weeks of basic education, one week of field work and two weeks of internship. The goal of the project is to let the beneficiaries understand what it takes to go into livestock and snail production.
“They will also acquire extra knowledge about the things they need in terms of health care support for the kinds of animals they breed.
“The programme will also develop plans for employment or start-up of businesses, while interacting with potential financiers who can fund the beneficiaries’ projects.
“We do not have funds to give out but other programmes like FADAMA can take up the programme and expand it; we are providing this for those that have the means to expand on it,” he said.
Also speaking, Mr Victor Adejoh, Synergos Field Manager, said that the initiative was to encourage youths to engage in agriculture.
He said that Synergos was working closely with the Federal Ministry of Agriculture and Rural Development to support these young people.
He added that the ministry was providing a linkage between Synergos and the youth, giving technical support, building the farmers’ capacity and making agriculture attractive to the youth and women.
“The 50 candidates have been selected to participate under the first batch of this agric innovation lab project. The same applies to the second and third batches; making the total number 150 candidates.
“We really want youths and women to be fully involved in developing Nigeria’s agriculture sector because they have what it takes to develop the sector.
“Besides, women and youths are obviously ready to work with any technology that is presented to them.”
Business
Agency Gives Insight Into Its Inspection, Monitoring Operations
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.
