Business
Minister Affirms FG’s Commitment To Investment In Irrigation
Minister of Water Resources, Suleiman Adamu, has assured of the Federal Government’s determination to massively invest in irrigation in order to diversify the nation’s economy.
Adamu stated this recently in Ibadan, the Oyo State capital, at the Ministry’s South-West regional workshop on the establishment/strengthening of water users’ associations for the management of public irrigation schemes.
He said the government’s plan to diversify the economy and its determination to be self-sufficient in food production informed the ministry’s decision to shift its focus from rain-fed agriculture to irrigated agriculture.
According to the minister, the Water Bill, being presented by the Federal Government, was put together to address various issues in the water sector.
“Permit me to reiterate the strong commitment of the Federal Government to massively invest in irrigation sub-sector to make Nigeria food and water secure by moving from drought-prone, rain-fed agriculture to irrigated agriculture for self-sufficiency.
“This workshop is the third in the series of Workshops planned to establish or strengthen (where it exists) water users of public irrigation schemes for effective and efficient management of the schemes”, he said
The Minister, however, expressed hope that the move to massively invest in irrigation, would be welcomed by stakeholders, and that such would be sustainable.
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.
