Business
FG To Eliminate Chemical Fertiliser In Agriculture – Minister
The federal government says it will gradually phase out the use of chemical fertilisers in agriculture to ensure the production of healthy foods for the people.
The Minister of Agriculture and Rural Development, Chief Audu Ogbeh said this, yesterday while inspecting the first organic banana plantation by an Indian company, Contec Global Agro Limited in Kwali.
Ogbeh, who expressed worry over the increasing numbers of liver and kidney diseases among young people, explained that the objective was the elimination of dangerous elements from foods.
He noted that the move would also help to reduce the damages in the soil through the application of fertilisers.
‘‘We are slowly going to begin to eliminate chemical fertilisers. Organic nature means that this is what nature is all about without polluting it with salt, the chemical fertilisers are salt.
‘‘They damage the soil of all kinds and over a while, you find out that the soil is no longer good for you because they destroy the microbes which make the soil more productive. We need to make the food healthier because a lot of self-poisoning is going on in the country.
‘‘Even the machines we use to grind tomatoes in the market, metal rubbing against metal; particles of heavy metals getting into the food.
“Suddenly, you see a young person in the hospital, like 20 years of age suffering from liver and kidney problem and you ask, do you drink alcohol, he says no, then what is happening?
‘‘We are not probing enough but we want to start in agriculture, eliminating dangerous elements from our food.
‘‘The place to begin is the farm, right from where you are planting, from the soil, from the bio-chemicals, the water, all of that has to be controlled and then you have healthy foods,’’ the minister said.
Ogbeh said the company was already conducting an experiment to develop microbes from the soil in the laboratory and putting them back into the soil without the use of chemicals.
The minister, who commended the owners of the organic banana farm, said that the federal government would continue to support both local and foreign investments in the agriculture sector.
‘‘We are happy that in spite of the difficulties people face, they still remain and invest.
‘‘This is the message from Mr President, stay close to the investors, and give them all the support they need. If there are things you can’t handle yourself, come and tell me about them and I will do that,’’ he said.
The Managing Director, Contec Global Agro, the initiators and owners of the banana farm, Mr Thomas Chackunkal said the plantation was a 250 hectare biologically safe demonstration farm.
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.
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