Business
FADAMA Groups Get N345m, 60 Motorbikes
The 764 Fadama User Groups (FUGs) in Abia have received N345 million under the Third National Fadama Development Programme.
Mrs Ezinne Otuka, the State Programme Coordinator, said this yesterday in Umuahia during the distribution of 60 motorcycles to Fadama III facilitators in the state.
The Fadama III programme started in the state in 2009 with 70 registered Fadama Community Associations (FCAs) that cut across all the local government areas of Abia.
“We decided to buy the motorbikes due to the terrain of our rural communities,” Otuka said, and stressed the need to monitor Fadama projects in rural communities.
She said the motorbikes were distributed to ease the problems of mobility facing facilitators of the programme who operated in rural communities.
She said 60 out of the 64 facilitators in the state would benefit from the largesse.
She said the remaining four facilitators who operated in urban centres would be empowered with an alternative means of transportation.
Otuka said the state had more than 74 Fadama Community Associations (FCAs), adding that the sub-projects cited in their various communities had lifted their economic status.
Mr Maurice Ichita, Permanent Secretary, Ministry of Agriculture, said the Fadama Project Office in the state had done well by coordinating the activities of all the FUGs.
He warned the beneficiaries not to use the motorcycles for commercial purposes, adding the government would closely monitor their usage.
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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