Business
‘Organic Farming’ll Boost Nigeria’s Non-Oil Exports’
An official of the
Nigerian Export Promotion Council (NEPC), Mr. Macpherson Fred-Ileogben, has said that value addition and organic farming are possible strategies that could boost the export of non-oil products.
Fred-Ileogben who is NEPC’s Trade Promotion Advisor and Export Assistant in Benin, spoke in an interview e-mailed to our correspondent yesterday.
He said these strategies were necessary to enable Nigerian exporters know how to make their products acceptable in foreign markets and earn more value for them.
According to him, the government was looking at diversifying the country’s resource generation from oil to non-oil products.
“The government is also promoting the exportation of non-oil products because it is a way to boost foreign exchange earnings, conserve foreign reserve and create jobs,” he said.
The trade advisor said value chain addition was therefore imperative to making Nigeria’s non-oil exports more competitive and acceptable in the international market.
He advised farmers to adopt the emerging international trend in organic farming.
According to him, this involves more concentration on the use of organic materials, such as manures, crop rotation and planting on the right soil and at the right time.
“We are encouraging farmers to shift from subsistence farming to commercial farming for purposes of exportation.
“As they do so, they should also do more of organic farming as the prolonged use of in organic fertilizers has adverse health effects on plants and humans”, he said.
Fred-Ileogben, however, noted that the major challenges confronting small and medium scale exporters in some parts of the country were lack of access to finance at the international market.
He added that on the average, Nigerian products are up to standard but more needed to be done to enable investors compete well at the international market.
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.
