Business
Over 100,000 Children Now In School – NAPEP
The National Poverty Eradication Programme (NAPEP) has said that more than 100,000 children are now in school in the country as a result of its ‘In Care of the People’ (COPE) programme.
Mr Magnus Kpakol, the National Coordinator of the programme, said in Abuja on Friday at a one-day workshop that the programme which had so far gulped N3 billion, had succeeded in transforming the lives of many Nigerians.
The theme of the workshop is “Sustaining the Gains on COPE implementation in Nigeria.”
The National Coordinator, said that COPE is a programme of NAPEP created to break the intergenerational transmission of poverty in the country.
“We have been able to transform lives in households across the country; we’ve reached out to about 22,000 households.
“That may not be a lot, but given the resources at our disposal, that has been great,“ he said.
According to Kpakol, to qualify for the grant, an individual must be among the poorest of the poor and must be chosen by his or her own community.
“We don’t do the selection, we go to the place and the selection is done in the open square, the people are chosen by their own peers,” he said.
According to him, an individual enjoys the programme for 12 months, then graduates and is given poverty reduction acceleration investment money to set up a business and earn an income.
“It is truly one of the phenomenal programmes that I have been associated with, the results are magnificent.”
“I believe that if we put in more money we will be able to connect many more downtrodden disadvantaged Nigerians to the main stream economy,“ Kpakol said.
He noted that as at 2004, the poverty situation in Nigeria was placed at 54 per cent, adding that the range was now around 50 per cent.
Speaking earlier, the Secretary of NAPEP, Mr Dan Muo, cautioned all the state coordinators of NAPEP programmes against delving into politics.
He urged them to remain focused and ensure that all NAPEP programmes were implemented to the letter and without bias.
“You as state coordinators are supposed to be apolitical, neutral and fair to all citizens irrespective of their political persuasions.”
“I have been specifically directed by the national coordinator to warn you against the politicisation of the programmes that you will be implementing.”
“Even though it is a political year, you will be representatives of all Nigerians,” Muo said.
Business
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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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