Business
Arts, Craft Consultant Tasks RSG On Alternative Revenue Source
In a bid to increase its
revenue base, the Rivers State Government, has been called upon to insure that arts and craft were properly harnessed to yield more revenue for the state.
An Arts and Craft Consultant in the State, Ms Clara Okpara-Ocha, said this in an interview with newsmen Friday in Port Harcourt.
She said export of arts and craft products could be a huge source of revenue in the state.
Okpara-Ocha, noted that different sources of revenue was a better way of strengthening a state’s revenue base.
The Arts and Craft, chief said there are numerous ways the state could generate revenue from arts and craft if it were promptly harnessed
Some of such products according to her, include the weaved cloth produced by the cultured and tourism departtment of the state.
She also reassured that since Africans can not beat the Europeans in the production of modern cloths and other arts materials, that the best option was to pay more attention to the production of the locally made arts and craft products.
This she explained, would attract investors to the state who may wish to key into the project with the view to expanding it.
She also discouraged what she described as an over decency on crude oil, saying the state government must devise other means of revenue generation if it plans to salvage the state from the present economic situation.
Another important benefit of the Arts and Craft business, she said was employment generation.
She said upon the commencement of the project, that over 5,000 people would be employed in the sector due to its high level of international demand.
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.
