Business
CSOs Charge Govt On Job Creation
Civil Society Organisations (CSOs) have advised the three
tiers of government in Nigeria to focus more on empowering job creating
institutions rather than creating jobs on their own.
Dr Hussain Abdul, the Country Director of Action Aid,
told our correspondent in Abuja that
such a measure would pave way for sustainable development on empowerment.
Reacting to the Federal Government decision to create 10,000
jobs, Abdul said that researches had shown that employment rate in Nigeria was
26 per cent.
“Creating 10,000 jobs for Nigerian youths is exciting but
the reality of it is that the 26 per cent unemployment rate is quite huge,
10,000 jobs is like a drop in the ocean.
“This is not too encouraging in view of the present security
situation in the country.’’
Abdul said the major concern of government in Nigeria now
should be on how to create institutions that could guarantee job creation.
According to him, jobs cannot be created when the industries
are collapsing, infrastructures are moribund and when governance is in crisis.
Also, the Country Director of Oxfam Nigeria, Dr Chichi
Aniagolu-Okoye said the three tiers of government in Nigeria always had a
tendency of creating very low-end jobs.
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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