Business
Gov Doles Out N61m Cheques To C’River Communities
The Cross State Governor,
Prof. Ben Ayade has presented cheques worth about 61m Naira to about 46 Communities across the State.
In a colourful ceremony which took place at the Kolanut Event Centre in Calabar, Prof. Ayade maintained that the occasion was a further demonstration of government’s passion, sincerity of purpose and commitment to drastically reduce poverty and improve on the socio-economic lives of the people, especially those in the rural areas.
The Governor who was represented by his Deputy, Prof. Ivara Ejemot Esu, restated Government’s commitment and decision to adopt the community driven model of development, using the community and social Development Agency, as it is the cheapest, effective and most efficient way of bringing development to our people.
He stated further that the Agency is the umbrella through which several people oriented and community- driven projects have been provided to a broad spectrum of rural communities with attendant sustainability, timely and qualitative project delivery because of the direct involvement of community members in the conception, identification and final execution.
The Governor used the forum to inform that in spite of the very stringent conditions outlined by the World Bank, Cross River is the first to meet what he described as the effective condition to qualify for additional financing requirement adding that Cross River is the first to begin disbursement of grants to participating Communities out of the 27 other participating states in the country.
Prof. Ayade reiterated his conviction that all Cross Riverians irrespective of where they live should have equal access to basic social services and infrastructural amenities, adding that “he will make bold efforts to open up rural areas, provide decent levels of comfort and improve socio economic life.
Friday Nwagbara, Calabar
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.
