Business
Rice Production: RIFAN, African Countries Seek Collaboration
The Rice Farmers Association of Nigeria (RIFAN) says it is seeking collaboration with Competitive African Rice Initiative (CARI) and other African countries to increase rice production and export within the continent.
CARI is to significantly improve the livelihoods of rice farmers in selected countries in the sub-region by increasing the competitiveness of domestic rice supply. CARI is implemented in Burkina Faso, Ghana, Nigeria and Tanzania with the aim of reaching 120,000 African rice producers.
The direct beneficiaries of this project are male and female smallholder rice farmers with a daily income below $2.00.
Secondary beneficiaries are rural service providers and rice millers improving their sourcing capacity of quality supply.
National Treasurer, RIFAN,Malam Sadiq Daware, said in an interview with newsmen in Abuja Sunday, that the association had also finalised talk with Ghana, Burkina Faso and Tanzania.
RIFAN official said that it had become imperative to forge a crucial partnership with the countries to drive the rice value chain.
He said the CARI officials had met with RIFAN to form Nigerian Rice Advocacy platform, where all the actors in the rice value chain would collaborate to increase rice production and export.
“The platform has been established in the 36 states and FCT and the entire representative have elected their leadership.
“The platform recognises the important role rice plays as a major staple food in the region, and the potential for widespread and positive socio-economic impact through the development of a strong regional rice value chain,’’ he said. Daware also said the primary objectives of CARI was to promote cooperation among regional and national rice bodies, ease cross border trade and strengthen existing national rice value chain platforms.
According to him, it is also to support the creation of such platforms, where they do not yet exist.
He said under the CARI agreement, stakeholders would also promote research and analysis and exchange best practices and creating adequate awareness of its activities among farmers.
Daware disclosed that by August, several rice stakeholders across Africa would converge in Abuja to further discuss rice research, development, production and policy.
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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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