Business
N’Delta: EU,UNICEF Sign N4.3bn Dev Project
The European Union (EU) and the UNICEF have signed a five year contribution agreement worth £20.6 million (about N4.287billion) to boost rural water and sanitation project in the Niger Delta Region.
UNICEF Water Sanitation and Hygiene Specialist (WASH), Mr Bishnu Timilsina, made this known in an interview with newsmen in Uyo, at the sideline of a two-day workshop on rural water supply and sanitation component of the Niger Delta Support Programme (NDSP).
“Representatives from Akwa Ibom, Bayelsa, Delta, Edo, Rivers and other stakeholders such as the EU delegation, UNICEF, the Federal Ministry of Water Resources, National Planning Commission and the Niger Delta Ministry, were at the project start-up workshop.
Timilsina explained that the aim of the workshop was to brief the state governments on the objectives, results and implementation modalities under the rural components of the NDSP.
He said the project was expected to contribute to conflict mitigation in the region by improving access to basic social services.
“This project will support the state governments and the rural water sanitation institutions in five Niger Delta states to develop and implement needed reforms in the sector.
“It will also deliver sustainable water supply, sanitation and hygiene services within communities and schools.
Timilsina said that roles and responsibilities of partners under the programme were being worked out as well as the cost-sharing arrangements and coordination mechanism.
He said that the pilot programme for the Rural Water Supply and Sanitation Component of the NDSP would be implemented in two local government areas in each of the participating states.
He also said that the benefiting states, LGAs and the communities would make their contributions in form of counterpart funding to the programme.
He said modalities were being worked out to ensure that the counterpart contributions would be deposited in the States Project Accounts before the procurement tender would be launched
Timilsina said that programme would provide employment opportunities and access to socio- economic services, public financial reforms, water and sanitation and the extension of micro- projects.
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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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