Business
FG Urges Farmers To Make Farming Lucrative
Farmers in the country have been urged to embrace current efforts by the Federal Government to make farming more lucrative and less tedious.
The Minister of State for Agriculture and Rural Development, Alhaji Bukar Tijani, said this in Lokoja on Monday at the flag off the Agricultural Growth Enhancement Support Scheme for farmers in Kogi State.
He said that the efforts targeted at small farm holders was also aimed at restoring the country’s lost glory in the area of agricultural production.
He said that the scheme, which entailed direct sales of fertilisers and other inputs to farmers on subsidised rates was in line with the government’s agenda at making the country self-sufficiency in food production.
Tijani said that it would also the present administration’s resolve to use the sector to create employment opportunities for Nigerians.
In addition to supplying fertilisers at subsidised rates to farmers, Tijani said that government had also approved improved seeds and seedling to be distributed free of charge to registered farmers nationwide.
He urged farmers to complement the efforts by expanding their farms and making judicious use of the items.
The minister said that efforts were also being made to position the country as a major grower of sorghum, rice, cocoa, cotton, coffee, cassava palm kernel.
He added that the country would realise 136 million dollars per annum from the cultivation of the crops if ongoing plans were pursued to a logical conclusion.
He said that government intended to establish marketing corporations through which it planned to mop up excess farm products from the market as strategy to ensure stable price.
Tijani said that government had also decided to minimise the prices of maize, rice, sorghum and some other products.
Gov. Idris Wada of Kogi State in his address said that the 14,700 tonnes of NPK and Urea fertilisers allocated to the state would be shared only among the 92,498 registered farmers in the state.
He said that the state owned organic fertiliser company at Ayangba would further be reinvigorated to serve the interest of farmers.
He urged farmers who were yet to register to do so to enable them benefit from the scheme.
Wada, who said that his administration was considering other options at standardising farming practice, warned farmers against diverting the fertilisers to other state, adding that anybody caught sabotaging the effort would be dealt with.
Ealier, the Permanent Secretary in the state ministry of agriculture, Mr Yusuf Evinavo said that two redemption centres would be established in each of the 21 local government councils in the state.
According to him, this will ensure effective distribution of the fertilisers and other inputs in the state.
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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