Business
Rice Farmers Doing Fantastic In Nigeria – UN
The United Nations (UN), through its Food and Agriculture Organisation, has described rice production by smallholder farmers in Nigeria as a fantastic job.
According to the UN, though there were still a lot that should be done in the agriculture sector in Nigeria, the country had made considerable progress in rice production.
The Food and Agriculture Organisation of the United Nations Assistant Director-General and Regional Representative for Africa, Abebe Haile-Gabriel, disclosed this at a press briefing in Abuja, midweek.
Haile-Gabriel and the FAO Deputy Director of the Office of Emergencies and Resilience, Shukri Ahmed, are in Nigeria on a high-level mission to strengthen solidarity and amplify the voice of humanitarian actors in advocating support to stem food insecurity across the country.
Commenting on the progress in the agriculture sector in Nigeria, the FAO regional representative said, “Nigeria used to be dependent on imported rice. But in the past few years, Nigeria has done a fantastic job in the production of rice locally, moving towards self sufficiency.
“So Nigeria has done a lot, it may not be enough but that is why there is a need for partnership to support the efforts of the government”.
Ahmed, in as advisory on the visit of its officials to Nigeria, stated that the delegation would also reiterate FAO’s commitment, at the highest level, to building resilience of agriculture-based livelihoods to multiple shocks.
It added that the team would speak on FAO’s corporate strategic direction in agrifood systems transformation globally and specifically in Africa.
“The delegation will meet with selected senior government officials in the Federal Ministry of Agriculture and Rural Development and the Federal Ministry of Humanitarian Affairs, UN Heads of Mission and development partners in Abuja,” the organisation stated.
Commenting further, the Senior Special Assistant to the President on Agriculture in the Office of the Vice President, Andrew Kwasari, disclosed to journalists on the sidelines of the event that virtually all the produce of smallholder farmers in Nigeria were not insured.
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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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