Business
Enugu, FG’s Partnership On Cassava Production Yielding Results – Commissioner
The Enugu State Government has stated that its partnership with the Federal Government on cassava to bioethanol production is yielding the desired results, saying it was intensifying cassava cultivation in the state to boost the economy while helping to address unemployment and insecurity.
The Commissioner for Agriculture and Agro-Industrialisation, Mr. Patrick Ubru, made this known at Okpanku in Aninri Local Government Area while conducting a federal government delegation on an inspection tour of cassava-bioethanol projects in Aninri, Isi-Uzo, and Udi local government areas of the state, during the weekend.
Ubru informed the delegation comprising officials of the Federal Ministry of Budget, Economic and National Planning, the Infrastructure Concession Regulatory Commission, (ICRC), and Prof Ken Ife, the promoter of Biosources and Technology Ltd.
Biosources and Technology Ltd is a private sector investor in cassava-bioethanol production in the state, that cultivated over one thousand hectares of cassava farms in the three council areas last year for the pilot phase of the cassava-bioethanol project.
He observed that prior to the clearing of the large hectares of land in the said local government areas, hoodlums and kidnappers had been using the forests as their operational bases and hideouts while terrorising the people.
He disclosed that the state was set to commence the construction of over 20 kilometres of access roads to farmlands at Okpanku, adding that it had also made a 50 per cent payment for the construction of a 22-kilometer road from Ikem in the Isi Uzo council area to the border with Benue State.
Ubru said the State Government was partnering with the Federal Government to establish a military base in Isi Uzo, while it was also in the process of establishing the Agro Rangers, a security outfit that would ensure safety in the farmlands.
Addressing female cooperative farmers after inspecting the farms at Okpanku in Aninri, the leader of the Federal Government delegation, Mr Olaifa Fatai, commended the State Government for empowering women to participate in agriculture, encouraging them to take advantage of the support programmes from the state and federal governments.
Fatai said the Federal Government was keen on producing ethanol to replace the fossil fuel, saying that what they had seen on ground justified the statistics they were given.
At the Enugu State Produce City in Ikem-Nkwo, Isi Uzo Local Government Area, where the State Government had allocated 15,000 hectares of land to Ugwu Anama Farms Ltd for the cultivation of cassava and other crops.
Mr. Ubru explained that Governor Peter Mbah had directed the acquisition of 120,000 hectares of land across the state for the cultivation of various crops such as cassava, rice, maize, sorghum, cotton, cucumber, cashew, palm oil, Nsukka pepper, yam, and soybean, saying the produce city project was a significant step towards transforming the agricultural sector in the state in partnership with private sector investors.
Welcoming them to the farm, the proprietor of Ugwu Anama Farms Ltd, Alhaji Friday Nnaji told the delegation that his company was using smart mechanization to transform the rural areas from dormant to productive zones while creating jobs for over 5000 youths.
“We are not only contributing to food security in the state but we are equally fighting insecurity by engaging massively in agriculture, clearing the bushes and getting youths engaged with employment.
“Right now, aside from the indirect workers, I have over 5000 people who are gainfully employed in my farms. So, I appreciate the vision of Peter Ndubuisi Mbah in turning the state into an agricultural state”, Nnaji stated.
Lending his voice, the traditional ruler of Ikem-Nkwo Autonomous Community, Igwe Pius Onyekachi Nnamani, commended Governor Mbah for bringing development to their community.
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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