Business
Community Development Agency Empowers 5,000 Youths
The Akwa Ibom State
Agency for Community Development says it has empowered 5000 youths in the past one year through its community projects.
The General Manager of the agency, Mr Ishmael Akpan, made the disclosure in an interview with newsmen in Uyo.
Akpan said that the agency, within the period, also released N67 million for 37 communities that benefited from the projects.
He noted that the money was released in phases to ensure proper monitoring and accountability.
The general manager said that the youths were engaged in 109 micro projects, established in 15 local government areas across the state.
“Over 5000 youths have been empowered by the agency in the last nine months because the objective of the programme is to enhance the skill and capacity of people in rural areas.
“We trained at least 20 persons in each community to handle the projects and we have disbursed a total of N67 million for the execution of the projects,” he said.
On why only 15 local government areas were involved out of the 31 local government areas, of the state, he explained that before the programme commenced, all the local government councils were sensitised on the projects.
The general manager explained that only 15 councils had shown interest in participating at the moment.
“For a local government area to benefit, it must show expression of interest through writing and be willing to contribute 10 per cent counterpart funding.”
He said that before funds were released, the agency sensitised communities and identified projects they wanted in their areas.
Akpan said that the project selection process was always community-driven.
“Our facilitators only assist the communities to identify the projects but the communities are the originators of such projects,” he added.
Akpan said that the establishment of the agency was aimed at bringing development to the grassroots and reducing youths restiveness.
He commended the state government for paying its 2013 counterpart funds of N100 million for the projects to the World Bank.
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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