Business
MDGs: FG To Hold Summit On Achievements, Challenges
The Federal Government said that it would hold a two-day summit to evaluate the achievements and challenges in the implementation of the development agenda on the Millennium Development Goals (MDGs).
This is contained in a statement issued by Dr Christopher Otabor, Head of Communications, MDGs Office, in Abuja
It said the summit would take place between Aug. 18 and Aug. 19, in Abuja.
It said the summit would prepare Nigeria for the successor framework of MDGs and the post-2015 development agenda.
The statement also said that major achievements and contributions of the MDGs to national socio-economic transformation would come under scrutiny at the summit.
“The summit will come up with strategies to sustain the momentum in the final push towards achieving the MDGs target in Nigeria, especially in critical areas where Nigeria still lags behind.”
The statement said that participants would reflect on the challenges and lessons drawn from Nigeria’s effort at meeting the targets of the MDGs.
The summit, according to the statement, will review Nigeria’s contributions to the post 2015 process based on emerging outcomes and priorities at regional and global levels.
It also said that the summit would lay foundation for political and institutional framework towards the implementation of the post 2015 agenda.
“Nigeria needs to lead the way towards providing leadership for the rest of the continent of Africa in terms of forward looking strategies that can build on the gains of the MDGs.
It said participants would be drawn from segments of the society including youths, women, private sector, government, civil society organisations, international development partners, trade unions, the academia and the media.
The statement also said that the summit would feature exhibitions, feedback session, launch of the Nigerian MDGs Information Management System (NMIS) and award ceremony.
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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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