Business
Unemployment: Rep Advocates Investment In Crafts
A member of the House of Representatives, representing Degema/Bonny Federal Constituency, Dr. Sokonte H. Davies, has described investment and training in arts and crafts as one of the ways of overcoming the challenge of unemployment in the country.
Hon. Davies who made this assertion in Bonny, headquarters of Bonny Local Government Area of Rivers State during the opening ceremony of a five-day intensive craft training programme, said, “we are in an era where the vogue is self-employment.”
He said the essence of the programme was to generate employment, create wealth and bring to the fore a new class of small-scale entrepreneurs that would boost the local economy and beyond.
The training, he added, was tailored to produce crafts of international standard for local and international markets, pointing out that participants would be exposed to various branding and marketing strategies, including marketing their crafts through the Internet.
The lawmaker gave the assurance that his office would give assistance to trainees willing to explore and use the e-market disclosing that a start-off grant in form of equipment and accessories would be provided for the participants and enjoined them to take the training seriously. On ICT, Hon. Davies promised to open a centre in Bonny to complement the one already established in Port Harcourt.
The Chairman of the Local Government Council, Ho. Edward Pepple, represented by the Executive Assistant, Administration and Finance, Wariesenibo Darlington e programme as critical to the socio-economic advancement of the constituency.
Banigo, in his speech described the programme as critical to the socio-economic advancement of the constituency.
The Chairman, noted that opportunities abound in the programme and urged participants to explore and exploit it to the betterment of their wellbeing, and commended the lawmaker for the different empowerment programmes he had always initiated in the constituency.
In her address, the Director General, Nigerian Tourism Development Corporation (NTDC0, represented by the Director, Training, Mrs. Trudy Edwards, espoused the place of indigenous arts and crafts in sustaining the tourism industry and boosting the economy.
the economy.
She stated that impressive efforts were being made at both the federal and state levels to transform the arts and crafts industry “into an economically viable sector and in line with the tourism industry.”
The Director General noted that the ongoing training programme was a platform to expose participants to the yet-to-be-tapped numerous tourism opportunities, adding that the focus on coral beads, aso-oke making and fabric/textile designs was a step in the right direction for many to be gainfully employed.
She also pointed out that the programme would involve local communities to learn about impacts, options and possibilities of tourism development.
The Commissioner for Employment Generation and Empowerment, Dr. Ipalibo Harry, on his part, said the initiative of Hon. Davies was in tandem with the aspirations of the ministry, which he said was poised to create several opportunities for self-employment through various craft training programmes of the administration.
Represented by Mr. Ibiba Dokubo, Director of Employment, Dr. Harry gave kudos to the honourable member, adding that he had always meant well for the constituency and its people.
Earlier in a keynote address Head of Department of Management Science, Rivers State University of Science and Technology, Chief (Dr.) Zeb Obipi explored the relevance of the training programme, which according to him, was intended to engender change in the lives of participants and that of the Bonny community as a whole.
He said the training would open doors for economic opportunities as it was designed to make them potential entrepreneurs.
The training programme is the initiative of the lawmaker in collaboration with NTDC .
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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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