Business
Minister Assures On Local Production Of Mobile Phones
The Minister of Science and Technology,
Prof. Ita Ewa, has said in Abuja that
plans were under way for the local production of mobile phones, micro chips and
solar panels in Nigeria using silicon.
Ewa disclosed this at the ongoing
Ministerial Platform to mark the one year anniversary of President Goodluck
Jonathan’s administration and the 2012 Democracy Day.
He said that plans were also underway
for the production of solar cells using silicon in the country.
Silicon is the eighth most common
element in the universe by mass, but very rarely occurs as the pure free
element in nature.
It is most widely distributed in
dusts, sands, planetoids and over 90 per cent of the Earth’s crust is composed
of silicate minerals, making silicon the second most abundant element in the
earth’s crust.
“We have done solar panels that have
been assembled at Karshi solar panel plant near Abuja, we also have solar power installations.
“Now in solar technology, we are
going to have a Silicon Valley; there is going to be a silicon valley in
Nigeria in Sheda Science and Technology Complex, the Silicon Valley project
will be like the silicon valley of California.
“We are going to have Science Park
where silicon technology would be driven right from scratch, right from quartz
up to semi-conductors and the making of chips.
“Sooner or later, all these phones
would be produced here in Nigeria via this technology.’’
Ewa said that Egypt already had
a silicon valley while Kenya and Rwanda were already holding talks on how to
build their own silicon valley, stressing that Nigeria as the Giant of Africa
should not be left behind.
He said that the hostel accommodation
had been provided in SHESTCO for scientists as well as students on industrial
attachment, staff and telecom companies.
On solar technology, the minister
said that the Karshi solar panel assembly plant had been fully operational,
adding that solar technology was now deployed to the 36 states of the
federation and the FCT.
He said that the ministry had already
trained a lot of Nigerians including 350 corps members from the six
geo-political zones in the area of solar technology.
“We would go beyond assembling into
the production of solar panels in our silicon valley.
“We have not forgotten about wind
energy systems and small hydro power turbines.’’
He said that the country’s energy challenge
would be tackled if all the sources of energy from the sector were fully
utilised.
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.
Business
AFAN Unveils Plans To Boost Food Production In 2026
-
Politics5 days agoEFCC Alleges Blackmail Plot By Opposition Politicians
-
Business5 days ago
AFAN Unveils Plans To Boost Food Production In 2026
-
Sports5 days agoJ And T Dynasty Set To Move Players To Europe
-
Politics5 days ago
Datti Baba-Ahmed Reaffirms Loyalty To LP, Forecloses Joining ADC
-
Business5 days ago
Industrialism, Agriculture To End Food Imports, ex-AfDB Adviser Tells FG
-
Politics5 days ago
Bayelsa APC Endorses Tinubu For Second Term
-
Business5 days ago
Cashew Industry Can Generate $10bn Annually- Association
-
Entertainment5 days agoAdekunle Gold, Simi Welcome Twin Babies
