Business
Bread Consumption: NACCIMA Seeks Increased Cassava Production
The Nigerian Association of Chambers of Commerce, Industry,
Mines and Agriculture (NACCIMA), says the use of cassava flour in baking bread
calls for increased production of cassava and
enhancing enzymes.
The Chairman, Agricutural Trade Group of NACCIMA, Mr Tunji Olukoya, said this last
week in Lagos.
Olukoya said that the nation needed an aggressive and
improved production of cassava to leverage the diversified use of cassava
flour.
He noted that the emerging market for cassava bread and
other confectionaries, required domestic research in the production of cassava
enhancing enzymes.
The chairman also lauded the efforts of the Federal
Government and the Ministry of Agriculture on cassava enhancing enzymes
research.
“I want to say that it’s a step in the right direction
because cassava is giving the economy an edge, and sending delegates outside
Nigeria to source for cassava enhancing enzymes that will improve the productivity.
“I want to believe also that the agriculture ministry is
collaborating with the International Institute for Tropical Agriculture (IITA),
Ibadan, in this cassava enhancing enzymes,’’ Olukoya said.
In a telephone interview,
Head, Aquatic Resources Department, Nigeria Agricultural Quarantine
Service (NAQS),Mrs Foluke Areola, said that enhancing enzymes was one of the
ways to increase production.
“We import these cassava enhancing enzymes which shouldn’t
be; that is why we are seeking how and where to get them to diversify our
cassava production.
“It will be high yielding for farmers and bakers, and they
stand to gain from this development, now that we are making efforts to utilise
our resources wisely,” Areola said.
Also speaking, an Assistant Chief Scientific Officer,
National Biotechnology Development Agency, Mrs Rose Gidado, said that the availability of the cassava
enzymes would enhance crop multiplication and improve farmers’ access to
seedlings.
“It will increase cassava productivity both in quantity and
quality and cassava bread production will be enhanced in many ways.”
Gidado said that government moves to produce cassava
enhancing enzymes locally, was a commendable effort that would impact
positively on farmers and the nation’s foreign exchange.
“Cassava farmers will be sure of disposing their farm
produce and this will increase their income and improve their livelihood.
“The Nigerian economy will of course, be improved because
the importation of wheat grain and wheat flour will drastically be reduced,
thereby conserving foreign exchange,” Gidado said.
In his comments, a farm development expert, Mr Bolaji
Alonge, urged the government to create
incentives that would encourage farmers into increase cultivation and
production of cassava.
“We are talking about more cassava production, which farmer
wouldn’t like such initiative; we just hope that farmers will embrace
commercialisation of cassava production,” Alonge said.
We recall that the Minister of Agriculture and Rural
Development, Dr Akinwumi Adesina, had said that a cassava enhancing enzyme
policy was one of the ways to sustain the cassava bread initiative.
We report that the importance of cassava enhancing enzyme in
the nation’s cassava bread initiative
made the Federal Executive Council (FEC) to completely remove the import duty
on the enzymes.
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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