Business
RSG Begins Recovery Of Encroached Farm Lands
No fewer than six farmlands owned by the state government have been recovered from encroachers as the Rivers State Government begins strategic moves to revive agriculture production in the State.
Commissioner for Agriculture, Dr. Fred Kpakol who led officials of the Ministry during an inspection tour of government-owned farms said the administration of Chief Wike is bent on resuscitating agriculture to drive the economy.
The farms affected are the Rivers State Feed Mill Produce Farm at Bori, Rivers State Cassava Farm, Kpaa, Rivers State School- to- Land Authority Farm at Taabaa, all in Khana Local Government Area.
Others are State Cassava Farm at Ebubu, School to-Land Authority Farm at Agbeta, all in Eleme Local Government Area.
Dr. Kpakol warned land speculators and encroachers to vacate the farm lands immediately or face serious consequences.
He announced that in the coming weeks, government plans to resuscitate the farm lands in order to commence a statewide agriculture productivity policy as a way to create employment.
“Rivers State Government is set to take back all lands belonging to the State that will be put to use for agricultural purposes where lands are required. When development comes and jobs are created, the indigenes will benefit from such gestures” he said.
Dr. Kpakol further urged owners of illegal structures on the said farm lands to vacate, as he blamed natives in the land for vandalising and erecting structures without proper approval.
Kevin Nengia
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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