Business
Director Seeks More Funds For Tourism Sector
The Director, Tourism and Travels, National Institute for Hospitality and Tourism (NIHOTOUR) Mr Abdulhamid Sheriff, has called for more funds for the development of the tourism sector.
Sheriff made the call in an interview with newsmen.
He said that in order to make the sector ‘a preferred’ sector of the economy, government must provide adequate funds and the expertise needed.
“Tourism was made the preferred sector of the economy in 1990 by the Federal Government; there is the need for the sector to be properly funded to enable it contribute to the growth of the economy.
“There should be the political will that will further strengthen the sector in actualisation of its goals,’’ he said.
Sheriff also advocated for the recruitment of more professionals for effective management of the sector.
“When you put people that do not know the rudiments of the sector; you can’t expect to have the result of your effort.
He said “We have what it takes as a country because the structures have already been put in place. What we need to do is to exploit potentials to manage the sector’’.
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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.
