Business
Nigeria Yet To Meet Demand For Meat
The Director, Livestock Department, Federal Ministry of Agriculture and Rural Development, Dr. Joseph Nyager, has said that Nigeria has 1.2 million tons of unmet demand for meat.
The figure represents more than 70 per cent of the total of 1.7 million tons of unmet meat demand in the West African sub-region.
Nyager made the disclosure in a paper titled: “Improving Milk and Meat Production in Nigeria’’, presented at a diary and meat summit in Jos recently.
The summit, which was organised in collaboration with the Plateau State Government, is part of the strategy towards successful agricultural transformation in Nigeria.
The director, who is also the chief veterinary officer in the ministry, added that there was equally a wide gap of 700,000 metric tons between domestically produced milk and internal demand.
“These deficits are met by importation which is detrimental to the growth of the industry because a large percentage of the rural poor earn more than 50 per cent of their income from livestock.
“As a result of these developments, the meat and dairy value chains has been identified as a priority area of the intervention by the Federal Government.
“The intervention will increase production and productivity, reduce dependence and improve the income of actors in the value chain, particularly the small holders.’’
Nyager explained that to be able to achieve this, the Federal Government was focusing on the development of six priority value chain of meat from cow, pig, sheep, goats, poultry and diary.
He said the ministry had recently directed the inclusion and commencement for the Growth Enhancement Scheme (GES) into these value chains to provide a cushion for farmers.
“These could be done through the provision of critical livestock inputs such as supplementary feed and salt licks at a discount rate in order to improve production and productivity.
“The Federal Government has also engaged the services of a reputable consultant to develop a comprehensive strategy for the transformation of the meat industry, particularly beef, into a valuable venture,’’ he added.
The expert said that the ministry was collaborating with the private sector to strengthen the National Animal Production Research Institute (NAPRI) to develop and commercialise Shika Brown to provide day-old chicks to poultry farmers at a cheaper rate.
“This is expected to position the beef industry to process and provide wholesome meat and meat products at affordable prices to Nigerians and for export,’’ he stated.
For the diary sector, Nyager said that the ministry was collaborating with West African Milk Company (WAMCO) to set up milk collection centres in Oyo State and FCT.
He said that six milk collection centres had already been established in Wasimi, in Oyo state, adding that inventory of diary infrastructures have been completed in Kaduna, Kano, Niger, Adamawa, Nasarawa and Oyo States, and the FCT.
According to him, the steps are in preparation for the take-off of a Diary Development Programme in 2013, in order to increase productivity and prepare breed improvements through artificial insemination.
“We have already commenced the selection of farmers and cattle for this programme,’’ he disclosed.
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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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