Business
Ponmo Ban: Bizman Foresees Hides And Skin Glut
Following the recent an
nouncement by the Federal Government on plans to ban the consumption of “Ponmo” in the country, a businessman, Livinus Odini, has expressed concern over a possible glut of hides and skin if the policy was not properly articulated.
Odini who spoke to our correspondent on the contentious issue in Port Harcourt last Saturday said the policy could only favour businessmen in the northern part of the country.
According to him, the northerners were known for training hides as and skin in the country while the southern part were identified with the consumption of it.
Explaining further, he called for the setting up of tanneries in all the six-geopolitical zones of the country by the Federal Government in order to facilitate the process of tanning the animal skins to ensure mopping up tanned hides.
However, a Port Harcourt legal practitioner, Mr Churchill Benson who spoke to our correspondent said the government can only affect a total ban on consumption throught a legal frame work.
According to him, many Nigerians have come to be identified with “ponmo” as a popular delicacy in both business and consumption.
He said preventing them from eating “ponmo” could amount to an intringent of their human rights hence the need to make the consumption of the product an offence in the eye of the law.
It could be recalled that the Minister of Agriculture, Dr Akinwumi Adesina while speaking recently at the 3rd joint anniversary of Animal Science Association of Nigeria (ASAN), and Nigeira Institute of Animal Science held at the University of Ibadan called for competent regulations that would check the consumption and sale of hides of animals (ponmo) in Nigeria.
He stated that livestock farmers would stand good chances of making high dollar returns if the hides and skins are tanned into leather.
The Director, Animal Production and Husbandry in the Ministry, Ademola Raji who represented the Minister at the event said “I also commend NIAS for its advocacy and public enlightenment programmes on Radio and Television,” he said.
According to him, such enlightenment promote value addition in livestock as against sale and consumption of primary products alone, particularly with the issue of curtailing the widespread of consumption of hides and skin.
Training is the process that converts the protein of the raw hide or skin of animals into a stable material which will not putrefy and is suitable for a wide variety of end application.
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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