Business
Ondo Cultivates 800,000 Oil Palm Seedlings
The Ondo State Government said that it had cultivated
800,000 improved varieties of oil palm seedlings in three agricultural villages
to enhance palm oil production in the state.
Gov. Olusegun Mimiko said this during the 2012 farmers’
festivals held at Gani Fawehinmi Square in Akure on Wednesday.
Mimiko said that the state had brought experts from Malaysia
in the introduction of new improved oil palm seedlings in the state.
“It is the beginning of our oil palm revolution and our
target is that in the next four years, Ondo State will be the highest oil palm
producing state in Africa.
“We want to embark on large-scale oil palm production by
next year; we will engage other private partnerships in our mass oil palm
plantation so as to enhance their production and productivity in oil palm.
“We will continue to increase the capacity of Agro-business
and also bring more experts as suggested by farmers’ commission to enhance the
value that will create agro- business,” he added.
The state Commissioner for Agriculture, Mr Ademola
Olorunfemi, said that agriculture was the major occupation of the people and a
major source of income to the government.
Our correspondent reports that the administration had promised
to improve the agricultural sector to make it attractive to both foreign
investors and the youth.
Our correspondent also reports that the state was
collaborating with the World Bank, African Development Bank and the Federal
Government in financing agriculture and food security programmes.
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.
