Business
FG Introduces Zinc Rice Varieties For Food Safety
The Federal Ministry of Agriculture and Food Security has announced a significant breakthrough in the quest to improve food and nutrition safety in Nigeria.
The Minister of Agriculture and Food Security, Abubakar Kyari, revealed that the Federal Government is set to introduce zinc rice varieties, specifically Faro 71 and Faro 72, to address key challenges in rice production and enhance nutrition security.
Speaking to newsmen in Abuja on Tuesday, during a briefing on the official release of Biofortified Zinc Rice Varieties in Nigeria, the Minister said the zinc rice varieties will significantly contribute to food and nutrition security for Nigeria’s smallholder farmers, who depend on rice for both sustenance and income.
Sen. Kyari said, “The introduction of these varieties is a proactive step towards addressing the nutritional challenges faced by our people”.
Kyari highlighted the benefits of the new zinc rice varieties, stating that they “not only offer higher zinc content and yield but also climate resilience such as adaptability to Savanna and Rainforest ecologies.”
This, he noted, will enable farmers to increase their productivity and income while also improving the nutritional quality of their produce.
He emphasised that the introduction of these varieties is part of the government’s efforts to enhance food and nutrition security, particularly for vulnerable populations.
“We are committed to ensuring that our people have access to nutritious food, and this initiative is a significant step in that direction.
“The introduction of zinc rice varieties is expected to have a significant impact on smallholder farmers, who are the backbone of Nigeria’s agricultural sector. By increasing their productivity and income, these farmers will be able to improve their livelihoods and contribute to the country’s food security.
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.
